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Software Company Infobip Raising About $500 Million Before IPO

  • Company will seek IPO in 18-to-20 months, CEO Kutic says
  • Infobip is looking for deals to add customers, technology

Infobip, the Croatian technology firm that makes customer-service chatbots, plans to raise about $500 million from investors this year to fund deals ahead of an initial public offering in the U.S.

The company has just started speaking to investors about the funding, which would be 60% to 70% higher than Infobip’s previous $300 million round, founder and Chief Executive Officer Silvio Kutic said in an interview. The company could complete the funding by August and the business may be ready for an IPO in the next 18-to-20 months, he said.