Annual Sale: Get $200 Off. Ends in
day
hour
minute
second
Zuora CEO  Tien Tzuo. Photo by Zuora.
Exclusive
Google

Benchmark-Backed Zuora Eyes IPO in 2018

By
Serena Saitto
 |  Oct. 17, 2017 2:34 PM PDT
Photo: Zuora CEO Tien Tzuo. Photo by Zuora.

Zuora, which makes billing and forecasting software for subscription software firms, is in talks to hire underwriters for an initial public offering next year, co-founder and CEO Tien Tzuo said in an interview. The move is in the latest sign that 2018 is likely to be a busier year for tech IPOs than 2017.

“We have passed the magic threshold of $100 million in revenue in the last four quarters, and we are hoping to go public in 2018,” Mr. Tzuo told The Information in an exclusive interview at Zuora headquarters in San Francisco. He declined to comment on the company’s valuation, which two years ago reportedly was over $1 billion. Benchmark Capital, best known for its large Uber stake, is the company’s biggest shareholder after an overall early investment of $15.8 million. 

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing
Salesforce Goes After Slack: The Information’s Tech Briefing
Salesforce Goes After Slack: The Information’s Tech Briefing
Just in time for the holidays, we have a possible big enterprise software merger. Salesforce’s interest in buying Slack, first reported by the Wall Street Journal, shouldn’t come as a surprise to anyone. We even predicted Salesforce could be a bidder for the workplace messaging service last January, along with several other companies (which raises the possibility of other bidders...
Latest Briefs
 
Europe’s Web Summit To Return As In-Person Event In 2021
Disney to Lay Off 32,000 Workers
AWS Cloud Outage Affects Adobe, Twilio, Roku
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Tech CEOs Are Saying Goodbye to San Francisco
Exclusive Real Estate Economy
Tech CEOs Are Saying Goodbye to San Francisco
Splunk, Dropbox and Brex followed similar formulas as they grew from small startups to established companies.
Why Silicon Valley Loves Airbnb—for Now
The Takeaway
Why Silicon Valley Loves Airbnb—for Now
This week you saw something you don’t often see: goodwill for a tech company. Maybe it was a reaction to the endless years of lashing out against tech CEOs on Twitter, often coming from other tech CEOs themselves.
Microsoft’s New Weapon in Console Wars: a ‘Netflix for Games’
Microsoft Media/Telecom
Microsoft’s New Weapon in Console Wars: a ‘Netflix for Games’
Last week, Microsoft and Sony kicked off a new round of game console wars, releasing new machines likely to be among the most sought-after gifts this holiday season.
The Information’s Top 10 ‘Tech’ Gifts for 2020
Startups Google
The Information’s Top 10 ‘Tech’ Gifts for 2020
Like many of our subscribers, the reporters and editors at The Information have been working from home during the coronavirus pandemic over the past eight months.
Airbnb’s Chesky Takes Far Lower Salary Than Most Tech CEOs at IPO
Data Point Markets
Airbnb’s Chesky Takes Far Lower Salary Than Most Tech CEOs at IPO
Airbnb has distinguished itself on a number of grounds, including the innovative nature of its business model and its ability to turn a profit, at least for a period of time.
Insider’s Parent Axel Springer Wants to Help Drive US Media Mergers
Q&A
Insider’s Parent Axel Springer Wants to Help Drive US Media Mergers
Axel Springer, the German owner of Business Insider, is ready to take part in a second wave of consolidation in the U.S.