Domo drops below billion-dollar valuation in lead-up to IPO

Domo drops below billion-dollar valuation in lead-up to IPO

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/06/18/domo-loses-billion-dollar-unicorn-status-ahead-of-ipo.html

Utah data analytics company Domo is no longer worth more than $1 billion, a symbolic mark that could spell trouble for private investors ahead of the company's planned IPO.

In an updated filing for its initial public offering on Monday, the company said the middle of the range for pricing shares is $20.50, which would give the company a valuation of $511.6 million. The valuation is based on an outstanding share count of 24,953,806 shares, reflecting a 15-to-1 reverse stock split that happened on June 15.

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