Reported about 1 year ago
Solera Corp, a SaaS provider for the automotive industry, disclosed a more than 3.5% rise in annual revenue in its US IPO filing, with revenue reaching $2.44 billion for the year ending March 31. Despite a widening net loss, the company, which serves over 280,000 customers in 120 countries, plans to use the IPO proceeds to pay off debts, including a $5.2 billion outstanding amount as of March 31, 2024. Morgan Stanley, Goldman Sachs, BofA Securities, and Jefferies are the lead underwriters for the IPO.
Source: YAHOO