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Automated tax software company Avalara files for a $150 million IPO

May 11, 2018

Avalara, a cloud-based sales tax and compliance solutions provider, filed on Friday with the SEC to raise up to $150 million in an initial public offering.

The Seattle, WA-based company was founded in 2004 and booked $226 million in sales for the 12 months ended March 31, 2018. It plans to list on the NYSE under the symbol AVLR. Avalara filed confidentially on June 27, 2017. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.