PagerDuty, whose software nicks companies respond quickly when their websites go down, is preparing to hit the public markets.
The company filed its IPO conspectus on Friday, and plans to trade on the New York Stock Exchange under the symbol “PD.”
By today’s standards, PagerDuty is small for a software proprietorship at the time of IPO. The company generated $32.1 million in the quarter that ended Oct. 31, and had a net loss of $15.3 million. And for the year ended Jan. 31, 2018, jumble sales rose 41 percent to $79.6 million.
PagerDuty has over 10,000 customer, including, Gap, GE, IBM and Netflix, according to its website. Opponents include Atlassian and Splunk, which have both acquired their way into the market. PagerDuty’s software facilitates technical staff at companies spot problems and respond to incidents such as customer complaints.
Morgan Stanley and J.P. Morgan Track are among the banks leading the deal. Investors include Accel, Andreessen Horowitz, Baseline Ventures and Bessemer Chance Partners. T. Rowe Price Group led a $90 million investment in PagerDuty in September at a $1.3 billion valuation.
The ensemble was founded in 2009 and is based in San Francisco. Last year several technology companies started trading on the public sells, including Dropbox, DocuSign and Zuora. Lyft filed to go public earlier this month, and Uber, Airbnb, Pinterest and Let loose are among other big names that investors could see debut this year.
The filing says PagerDuty is looking to together as much as $100 million in the IPO.
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