Coupa Files for IPO
One of our valued partners and highly innovative spend management software provider, Coupa officially filed paperwork last week with the Securities and Exchange Commission (SEC) to go public. Though it’s been a relatively slow year for tech IPOs due to market volatility, San Mateo-based Coupa plans to list on the Nasdaq under the ticker COUP, with hopes of raising $75 million. The unicorn company is one of a few other tech companies that have been rumored to go public late this year.
“Coupa has undergone tremendous growth in the past two years and this will give the company a capital injection and increased public awareness to continue at such a rapid pace,” said Jimmy LeFever, PayStream’s Research Director. “We hope that Coupa will continue to focus on research, development, and product growth as they open themselves to the increased pressure to achieve short-term goals that often goes with a company going public.”
For more information on Coupa, specifically their Travel & Expense (TEM) offering, check out our Travel & Expense Management Navigator report, which provides a truly objective, quantifiable, and functional analyses of TEM software. Also stay tuned for our upcoming Purchase-to-Pay Navigator report, due out next month, featuring Coupa and 14 other leading P2P software providers.
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