Home / Tech / Enterprise / The first craving tech IPO of the year raises $221 million, valuing it at $2.9 billion (MULE)

The first craving tech IPO of the year raises $221 million, valuing it at $2.9 billion (MULE)

MuleSoft Ross MasonMuleSoft founder Ross MasonMuleSoft

Mulesoft will go open Friday morning and it just priced at $17 per share, which raises $221 million for the company, giving it a entirely diluted marketplace top of $2.9 billion. 

That $17 per share figure is a good first sign: Originally, Mulesoft had given an IPO cost operation of $12-14.

Mulesoft will start trade on the NYSE under the ticker pitch “MULE.”

In its last investment turn as a private company in May 2015, Mulesoft held a gratefulness of about $1.5 billion, so this IPO represents a poignant uptick in its value.

That’s a good sign for Mulesoft. And given Mulesoft is the first craving tech company to go open in 2017, it competence enthuse some-more companies of a identical ribbon to follow suit.

Already, $1.5 billion confidence startup Okta filed its own rough IPO paperwork progressing this week.

Mulesoft offers a cloud height for what’s famous as “application programming interfaces,” or APIs. These are what allows opposite apps and technologies to speak to one another. Mulesoft creates it easier for tech products to integrate, work together and share information and information.

The pivotal stats from Mulesoft’s strange S-1 filing to go public are:

  • Total income for 2016 $187.7 million, up from $110.3 million in 2015
  • Gross distinction in 2016 of $138.7 million (before equipment like RD, sales and selling and G A), up from $78.1 million in 2015 
  • Net loss: -$49.6 million in 2016, down from -$65.4 million in 2015. 

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