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Zuora prices upsized IPO at $14, above the upwardly revised range

April 11, 2018
ZUO

Zuora, which provides a cloud-based subscription billing and management platform, raised $154 million by offering an upsized 11 million shares at $14, above the upwardly revised range of $11 to $13. The San Mateo, CA-based company originally filed to offer 10 million shares at a range of $9 to $11. Zuora plans to list on the NYSE under the symbol ZUO. Goldman Sachs, Morgan Stanley, Allen & Company and Jefferies acted as lead managers on the deal.