Boosted By Big Wins, Cloud IPO Window Opens Wider

The IPO market for software startups was already hot, and this month it’s poised to get even hotter. Over the next few weeks, public market investors are gearing up for multiple debuts of cloud companies with initial valuations around or above the $10 billion mark. Already this week, two closely watched enterprise SaaS companies—restaurant software provider Toast and customer support-focused Freshworks—have set initial price ranges for IPOs with reported target valuations around $16.5 billion and $9.6 billion, respectively.

Link: Boosted By Big Wins, Cloud IPO Window Opens Wider
via news.crunchbase.com

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