Unicorn startup PagerDuty files to go public
- On Friday, the IT operations company PagerDuty filed its S-1 to go public.
- PagerDuty previously confidentially filed for its IPO, but at the time, the government couldn't review its prospectus due to the government shutdown.
The IT operations company PagerDuty filed its S-1 on Friday to go public.
PagerDuty, which was founded in 2009, helps alert employees when there are IT incidents. In the last twelve months, it has generated a revenue of $107 million, seeing a 48% revenue growth. It now has over 10,000 customers.
PagerDuty will list its stock on the New York Stock Exchange under the symbol "PD." The company, which has been backed by firms like Andreessen Horowitz, Accel, and Bessemer Venture Partners, was last valued at $1.3 billion after raising $90 million in Series D funding.
PagerDuty had already confidentially filed for its IPO, but because of the government shutdown in January, the government couldn't review its prospectus.
For the fiscal year ending January 31, PagerDuty generated a revenue of $79.6 million. For that same year, it had net loss of $38.1 million, and its gross profit was $66.9 million.
In addition to PagerDuty, the firms Andreessen Horowitz, Accel, Bessemer Venture Partners, Baseline Ventures, and Harrison Metal Capital II all held shares prior to the offering. Andreessen Horowitz is the biggest shareholder outside of PagerDuty, owning 18.4%. Accel owns 12.3%, Bessemer Venture Partners owns 12.2%, Baseline Ventures owns 6.7% and Harrison Metal Capital II owns 5.3%, according to the filing