Reported about 21 hours ago
Avalara, a tax software company that went private in 2022, has confidentially filed for a U.S. IPO as it looks to re-enter the public market amid increased investor interest. The specific details of the offering are not yet revealed. This move reflects a broader trend in the U.S. IPO market, shifting from venture capital-backed companies to private equity-backed listings aimed at restructuring capital. Avalara, known for its cloud-based tax compliance platform, serves major clients like Adidas and Reebok.
Source: YAHOO