ZUO News

A wave of US tech IPOs has taken over the April IPO calendar. Five US tech companies are going public over the next 10 days, more than double the four that have IPO'd year-to-date. Those four average a 42% return from IPO, with stand-out returns from the three unicorns valued at over $1 billion. ...read more

• Another Unicorn Becomes a Pegasus: Zuora flies up 47% • Alzheimer's Biotech Delays IPO, Energy SPAC Raises $360 million • Technology Sector Leads 2018 IPO Market • New IPO Filings: Cybersecurity Firm Carbon Black and Chinese Streaming Site HUYA Zuora (ZUO) continued a streak of high-flying tech unicorns. The...read more

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...read more

Zuora, which provides a cloud-based subscription billing and management platform, raised the proposed deal size for its upcoming IPO on Tuesday. The San Mateo, CA-based company now plans to raise up to $130 million by offering 10 million shares at a price range of $11 to $13, up from an original range of $9 to $11. Insiders intend to purchase $12 million worth of shares in the...read more