Monday, November 6, 2017

SendGrid IPO Expected Next Week

Boulder-based SendGrid is now looking to go public next week, on Wednesday, November 15th, according to the upcoming market IPO calendar. SendGrid is offering up 7,700,000 shares of its common stock, and most recently estimated an IPO range of between $13.50 and $15.50 per share. The company has been approved to list as SEND on the NYSE. If successful, the IPO would raise around $137M for the company, which provides back-end email delivery services for other companies. SendGrid is venture backed by Bain Capital Ventures, Bessemer Venture Partners, Foundry Group, and Highway 12 Ventures. The IPO is being underwritten by Morgan Stanley, JP Morgan, William Blair, KeyBanc Capital Markets, Piper Jaffray, and Stifel.