Latest news with #Avalara
Reuters
3 days ago
- Business
- Reuters
Avalara confidentially files for US IPO, eyes return to public markets
July 21 (Reuters) - Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs (CROX.O), opens new tab and Reebok among its customers. Companies often file for IPOs confidentially to keep details about their financial and strategic plans private, while engaging with regulators and potential investors.
Yahoo
3 days ago
- Business
- Yahoo
Avalara Announces Confidential Submission of Draft Registration Statement
DURHAM, N.C., July 21, 2025 /PRNewswire/ -- Avalara, Inc. today announced that its parent company has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") relating to the proposed public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed public offering remains subject to the completion of the SEC review process, as well as market and other conditions. This press release is being issued pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended ("Securities Act"), and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. About Avalara Avalara automates tax and compliance. The Avalara AI Tax & Compliance Platform powers tax calculation, documentation management, and regulatory filings within a single system to deliver a portfolio of solutions. View original content to download multimedia: SOURCE Avalara, Inc. Sign in to access your portfolio
Geek Wire
3 days ago
- Business
- Geek Wire
Avalara files for IPO as tax software giant aims to go public again
(GeekWire File Photo) Avalara is going public — again. The tax software giant confidentially filed for an IPO on Monday, signaling plans to become public company. It's part of a small-but-growing wave of companies starting to hit the public market as the IPO window reopens. Avalara, which helps online retailers and others adhere to complex tax regulations, previously went public in 2018 and was acquired in a $8.4 billion deal with Vista Equity Partners in 2022. The company's market capitalization was above $16 billion during the pandemic and its quarterly revenue topped $200 million before the Vista deal. Avalara CEO Scott McFarlane co-founded Avalara 14 years ago with Rory Rawlings and Jared Vogt on Bainbridge Island, Wash. Rawlings left in 2015 and Vogt left in 2012. Avalara relocated its headquarters to North Carolina after the Vista acquisition and downsized its Seattle office. The company still maintains a 'significant presence' in the Seattle region, according to a spokesperson. The company has 5,300 employees worldwide. It recently hired Seattle-based marketing vet Adrianna Burrows as executive vice president and chief marketing officer.
CNBC
3 days ago
- Business
- CNBC
Avalara confidentially files for U.S. IPO, eyes return to public markets
Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs CROX.O and Reebok among its customers. Companies often file for IPOs confidentially to keep details about their financial and strategic plans private, while engaging with regulators and potential investors.
CNA
3 days ago
- Business
- CNA
Avalara confidentially files for US IPO, eyes return to public markets
Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs and Reebok among its customers.
