Marketo IPO Info
Company Name: Marketo
Stock Symbol: MKTO
Exchange: NASDAQ
Status: Priced
IPO Date: 5/17/2013
IPO Price:
13.00 (
185.15%)
Underwriters
Goldman, Sachs & Co. and Credit Suisse
Amount of Offering: N/A
Number of Shares Offered: 6.06 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Marketo is the provider of a leading cloud-based marketing software platform that enables organizations to engage in modern relationship marketing. The company's software platform is designed to enable the effective execution, management and analytical measurement of relationship marketing activities, helping organizations to acquire new customers more efficiently, build stronger relationships with existing customers, improve sales effectiveness and drive faster revenue growth.
Financial Data
Marketo provides its solutions on a subscription basis and generated revenue of $14.0 million, $32.4 million and $58.4 million in 2010, 2011 and 2012, respectively, representing year-over-year increases of 131% and 80%, respectively. They had net losses of $11.8 million, $22.6 million and $34.4 million in 2010, 2011 and 2012, respectively, due to increased investments in our growth. As of December 31, 2012, they had an accumulated deficit of $82.2 million.
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