Business software maker Domo Inc. is looking to raise as much as $200 million as it holds off on an initial public offering. The company has secured at least half of its goal for the fundraising round, according to a securities filing.
BlackRock Inc. led the investment, valuing the business at $2.3 billion, said Josh James, Domo’s chief executive officer. Bloomberg reported a year ago that Domo was working with Morgan Stanley and Credit Suisse Group AG on a potential IPO. James has repeatedly expressed his desire to take the company public.