In the last twelve months, Sprout Social generated $96.8 million in revenue and had a net loss of $24.9 million. Sprout Social has a market-cap of $814 million.
Goldman Sachs and Morgan Stanley acted as the underwriters for the IPO and KeyBanc Capital Markets, William Blair, Canaccord Genuity and Stifel were co-managers.
Sprout Social provided the following description of their company for its IPO: ” Sprout Social is a powerful, centralized platform that provides the critical business layer to unlock the massive commercial value of social media. Currently, more than 23,000 customers across 100 countries rely on our platform to reach larger audiences, create stronger relationships with their customers and make better business decisions. Sprout Social empowers businesses around the globe to tap into the power and opportunity presented by the shift to social communication. Social media reaches almost half of the world’s population, significantly influences buying behaviors and has changed the way the world communicates. Billions of users are sharing their interests, opinions and values with their social networks every day and are using social media to communicate with and about businesses, organizations and causes on an unprecedented scale. Virtually every aspect of business has been impacted by social media, from marketing, sales and public relations to customer service, product and strategy, creating a need for an entirely new category of software. We offer our customers a centralized, secure and powerful platform to manage this broad, complex channel effectively across their organization. “.
Sprout Social was founded in 2010 and has 610 employees. The company is located at 131 South Dearborn St., Suite 700, Chicago, IL 60603, US and can be reached via phone at (866) 878-3231 or on the web at http://www.sproutsocial.com.
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