Smartsheet IPO
Smartsheet provides a cloud-based platform for work management and automation, helping organizations plan, track, and manage projects and processes. The company's collaborative work management tools compete with Microsoft Project and other enterprise productivity solutions, serving businesses looking to digitize and streamline their workflows.
Key Facts
| Industry | Enterprise SaaS & Work Management |
| Founded | 2005 |
| Headquarters | Bellevue, WA |
| Employees | ~3,000 at acquisition |
| Website | smartsheet.com |
| Funding | Taken private by Vista Equity Partners and Blackstone for ~$8.4B in 2024 |
About Smartsheet
Smartsheet provides a cloud-based platform for work execution that enables teams and organizations to plan, execute, and report on projects at scale. The platform combines the familiar interface of spreadsheets with powerful project management, automation, and collaboration capabilities. Smartsheet serves enterprise customers across industries like construction, healthcare, education, and technology, helping them manage complex workflows and improve operational efficiency.
The company went public in 2018 and grew to serve over 90% of Fortune 100 companies before being taken private by Vista Equity Partners and Blackstone for approximately $8.4 billion in 2024. Smartsheet differentiated itself by focusing on business users who needed more sophisticated capabilities than basic spreadsheets but found traditional project management software too complex or rigid for their needs.
IPO Status
Smartsheet was previously a public company, having completed its IPO in April 2018 on the New York Stock Exchange under ticker SMAR. The company raised approximately $150 million in its initial offering and traded publicly for several years, building a solid reputation as a growing SaaS business in the work management space. In January 2024, Smartsheet was acquired by Blackstone and Vista Equity Partners in a deal valued at approximately $8.4 billion, taking the company private again. The acquisition reflected the private equity firms' confidence in Smartsheet's market position and growth potential in the enterprise software space, though it ended the company's run as a publicly traded stock.
Competitors
Frequently Asked Questions
Does Smartsheet have a stock?
Smartsheet previously had an IPO in April 2018 and was publicly traded until January 2024. The company was then taken private through an acquisition by Blackstone and Vista Equity Partners.
When is the Smartsheet IPO date?
Smartsheet is no longer planning an IPO since it was taken private in January 2024 after being acquired by private equity firms. The company would need to go public again through a new offering if it ever returns to public markets.
How can I buy Smartsheet stock?
You cannot currently buy Smartsheet stock since the company was taken private in 2024 and no longer trades on public exchanges. The stock was previously available under ticker SMAR before the acquisition by Blackstone and Vista Equity Partners.
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