RedCloud Holdings, which operates a B2B platform for trading consumer goods, filed on Wednesday with the SEC to raise up to $86 million in an initial public offering.
The company operates the RedCloud platform, which facilitates the trading of everyday consumer supplies of fast-moving consumer goods across business supply chains. Through the platform, the company enables retailers to use data-driven, AI-backed insights to help make faster and easier business-to-business (B2B) purchases and inventory decisions from brands and distributors.
The London, UK-based company was founded in 2014 and booked $30 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol RCT. RedCloud Holdings filed confidentially on August 2, 2024. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
