monday.com, which provides a project management platform for businesses and schools, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $500 million.
monday.com allows organizations to easily build software applications and work management tools that fit their needs. Its cloud-based platform is a no-code and low-code framework that consists of simple yet powerful modular building blocks. As of March 31, 2021, the company served nearly 128,000 customers across over 200 industries in more than 190 countries.
The Tel Aviv, Israel-based company was founded in 2012 and booked $188 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol MNDY. monday.com filed confidentially on March 11, 2021. Goldman Sachs, J.P. Morgan, Allen & Company and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.
