Monday.com Is Ready for Its IPO

Business

Monday.com Is Ready for Its IPO

The company previously expected a $4 billion valuation.

Monday.Com, an Israeli startup which deals with management software, has filed confidentially with the U.S. Securities and Exchange Commission for its initial public offering. According to a report in Bloomberg, the company has been working on its IPO with Goldman Sachs Group Inc.

Last October JBN reported that Monday expected a $4 billion valuation from its IPO. But as of now there is no news as to what the company expects to raise or what share price it intends to charge.

Monday.Com, an Israeli startup which develops a team management platform. Founded in 2012, the Tel Aviv based company specializes in project management, team management, SaaS, communication, production tracking, team collaboration, and work management.

Saas and cloud services are ever more important now due to the Covid-18 crisis. The Corona Virus pandemic has forced countless people away from their offices leaving them with a greater need for secure, efficient and simplistic services such as these.

Bloomberg also reported that new listings for enterprise software firms, which raise revenue primarily by selling their products to other companies, have done well recently.

Just last September Forbes listed the Monday.Com at number 33 on its list of the top 100 cloud companies.

[embedded content]
In May, Bloomberg reported that the company had reached a $2.7 billion valuation. “We’re solving the same problems we used to solve, only now they’ve gotten more acute when working from home,” said Roy Mann, Monday.com’s co-founder and chief executive officer, at the time.
Recently Monday.Com revealed a new integration with Adobe. Its clients will be able to work together with Adobe Creative Cloud, without first needing to switch from one platform to the other.

The company declared that users will be able to streamline communications with peers, sort daily tasks by priority, access project briefs quickly, report on statuses, focus on the most impactful work, receive notifications once a project has been reviewed, and receive real-time feedback without switching between tools. Users will also be able to export files from select Creative Cloud apps to monday.com, without leaving their design environment.


Read more about: ,

Leave a Reply

Your email address will not be published. Required fields are marked *