ChannelAdvisor Corp. IPO Info
Company Name: ChannelAdvisor Corp.
Stock Symbol: ECOM
Exchange: NYSE
Status: Priced
IPO Date: 5/23/2013
IPO Price:
14.00 (
197.93%)
Underwriters
Goldman, Sachs & Co., Stifel, Pacific Crest Securities, BMO Capital Markets, Needham & Company, Raymond James
Amount of Offering: N/A
Number of Shares Offered: 5.75 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
ChannelAdvisor is a provider of software-as-a-service, or SaaS, solutions that enable our retailer and manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels.
Financial Data
From 2010 to 2012, ChannelAdvisor's total revenue increased from $36.7 million to $53.6 million, a compound annual growth rate of 20.9%. Core revenue increased from $32.7 million in 2010 to $51.2 million in 2012, a compound annual growth rate of 25.1%. For the three months ended March 31, 2013 as compared to the same period in 2012, ChannelAdvisor grew total revenue from $12.2 million to $14.9 million, an increase of 22.1%, and core revenue from $11.5 million to $14.4 million, an increase of 25.2%. Gross margin, based on total revenue, expanded from 66.8% in 2010 to 72.5% in 2012, and from 73.3% in the first quarter of 2012 to 73.5% in the first quarter of 2013.
SEC Filings
News Headlines
