Deals
Software Maker PagerDuty Files for IPO, Cites 10,800 Clients
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PagerDuty Inc., which makes tools for software developers, filed publicly for a U.S. initial public offering, disclosing growing revenue and losses.
The San Francisco-based company filed with an initial offering size of $100 million, which is typically a placeholder that’s likely to change. The company’s backers include Andreessen Horowitz, Bessemer Venture Partners and Accel. In September, PagerDuty was valued at more than $1 billion after an investment led by T. Rowe Price Group Inc. and Wellington Management.