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VC-backed Zendesk prices IPO to raise $100m

16 May 2014

dark_cloud_storm_170sq1Venture capital-backed cloud services provider Zendesk has priced its IPO at $9 per share, which should see the business raise $100m through the listing.

Charles River Ventures, GGV Capital, Index Ventures and Matrix Partners are all among backers of the business, although only Zendesk itself is selling common stock.

Goldman Sachs, Morgan Stanley and Credit Suisse are all acting as joint book-runners for the IPO, which saw the company list on the New York Stock Exchange yesterday under the ZEN ticker.

Zendesk completed a $60m round of new financing in 2012, with $45m of that equity led by Redpoint Ventures.

The company also secured a $15m loan facility through Silicon Valley Bank.

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