EVERBRIDGE (EVBG) Announces September 16th IPO
EVERBRIDGE (EVBG) expects to raise $90 million in an initial public offering on Friday, September 16th. The company plans to issue 7,500,000 shares at $11.00-$13.00 per share.
In the last twelve months, EVERBRIDGE generated $67 million in revenue and had a net loss of $13.7 million.
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Credit Suisse and BofA Merrill Lynch acted as the underwriters for the IPO and Stifel, Pacific Crest Securities (a division of KeyBanc Capital Markets), Raymond James, Canaccord Genuity and William Blair were co-managers.
EVERBRIDGE provided the following description of their company for its IPO: ” We are a global software company that provides critical communications and enterprise safety applications that enable customers to automate and accelerate the process of keeping people safe and businesses running during critical events. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events such as IT outages or cyber incidents, our SaaS-based platform enables our customers to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, and automate the execution of pre-defined communications processes. Our applications enable the delivery of messages in near real-time to more than 100 different communication devices, in over 200 countries and territories, in 15 languages and dialects – all simultaneously. “.
EVERBRIDGE was founded in 2008 and has 430 employees. The company is located at 25 Corporate Drive, Suite 400 Burlington, MA 01803, US and can be reached via phone at (818) 230-9700 or on the web at http://www.everbridge.com.
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