Zuora Files For IPO

Zuora, a San Francisco-based billing software company, hired Goldman Sachs, Morgan Stanley and Allen & Co. to raise $100 million in an IPO on the New York Stock Exchange, using the ticker ZUO. Zuora said that in the fiscal year which ended on Jan. 31 its net losses increased 20% to $47.2 million, while its revenue increased 49% to $168 million from a year earlier. Benchmark Capital is the...

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