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Automated tax software company Avalara files for a $150 million IPO


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Avalara, a cloud-based sales tax and compliance solutions provider, filed on Friday with the SEC to raise up to $150 million in an initial public offering.

The Seattle, WA-based company was founded in 2004 and booked $226 million in sales for the 12 months ended March 31, 2018. It plans to list on the NYSE under the symbol AVLR. Avalara filed confidentially on June 27, 2017. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Automated tax software company Avalara files for a $150 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: News Headlines , IPOs



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