Zendesk, a customer service SaaS provider with over 40,000 client accounts, announced terms for its IPO on Monday. The San Francisco, CA-based company plans to raise $100 million by offering 11.1 million shares at a price range of $8 to $10. At the midpoint of the proposed range, it would command a fully diluted market value of $712 million.
Zendesk, which was founded in 2007 and booked $83 million in sales for the 12 months ended March 31, 2014, plans to list on the NYSE under the symbol ZEN. The company initially filed confidentially on February 14, 2014. Goldman Sachs, Morgan Stanley and Credit Suisse are the joint bookrunners on the deal. It is expected to price next week.
