Zuora IPO
Zuora was a leading subscription management platform that helped businesses manage recurring revenue models and subscription billing. The company went public in 2018 but was subsequently taken private by Silver Lake and GIC in 2022.
What We Know
Zuora completed its IPO in April 2018, raising approximately $154 million and trading on the New York Stock Exchange under the ticker ZUO. The subscription management platform initially performed well as a public company, benefiting from the growing trend toward subscription-based business models across industries. However, like many software companies, Zuora faced challenges with growth and profitability as a public entity. In 2022, Zuora agreed to be acquired and taken private by Silver Lake Partners and GIC (Singapore's sovereign wealth fund) in a deal valued at approximately $1.7 billion. The take-private transaction was completed in 2022, removing Zuora from public markets after about four years as a publicly traded company. The company now operates privately under the ownership of its private equity sponsors, focusing on growth without the pressures of public market quarterly reporting.
Frequently Asked Questions
Has Zuora had an IPO?
Yes, Zuora had an IPO in April 2018, but the company has since been taken private. Zuora was acquired by Silver Lake Partners and GIC in 2022.
When is the Zuora IPO date?
Zuora already completed its IPO in April 2018, but was subsequently taken private in 2022. Any future IPO would depend on the current private owners' strategic decisions.
How can I buy Zuora stock?
Zuora stock can no longer be purchased as the company was taken private in 2022 by Silver Lake Partners and GIC. The stock no longer trades on public exchanges.
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