GitLab has filed papers with the SEC, for an IPO.

Link copied

12:33 | 20 September 2021

GitLab has filed papers with the SEC, for an IPO.

According to online sources, GitLab, a platform for storing and collaborating on code, plans to conduct an initial public offering (IPO) on the U.S. exchange Nasdaq. By doing so, the company expects to raise funds that will help it compete with Atlassian and GitHub (bought by Microsoft in 2018 for $7.5 billion).

GitLab originally planned to IPO on November 18, 2020. In May 2020, it postponed the exit because of the pandemic. In December 2020, the value of the platform reached $6 billion.

During the year, the company’s revenue grew 69% to $58.1 million.
The platform for storing and collaborating on code will go public under the ticker GTLB.
GitLab’s revenue jumped 69% over 2020 to $58.1 million in the last quarter, with the company’s net loss for the year rising from $9.4 million to $40 million.
The company had planned an IPO on Nov. 18, 2020, but postponed it in May 2020 because of the pandemic. In December 2020, the platform reached a valuation of $6 billion.
GitLab was founded by Valery Sizov and Dmitry Zaporozhets from Ukraine in 2011 and was joined by Sid Sibranji in 2013. Clients include Goldman Sachs, Nvidia, Ticketmaster, Delta Airlines and others.
GitLab remotely employs 1,350 people in more than 65 countries. The prospectus headline reads “address not applicable,” CNBC notes.

GitLab was founded in 2011 by Valery Sizov and Dmitry Zaporozhets from Ukraine. Its clients include Goldman Sachs, Nvidia, Ticketmaster, and others. The platform remotely employs 1,350 employees in more than 65 countries. GitLab co-founder and CEO Sid Sijbrandij is its largest shareholder and owns 18.9% of Class B shares.

Follow the information in a format that is convenient for you: Telegram, Facebook, YouTube.

Uncategorized

19:11 | Apr 05, 2024

Toncoin enters top 10 crypto by market capitalization, overtakes Avalanche

Toncoin, The Open Network’s native cryptocurrency token, has once again entered the list of the 10 most significant coins by […]

Uncategorized

16:21 | Mar 04, 2024

Bitcoin Tops $65K as Bullish Bets Climb to Record High

The largest cryptocurrency is now just 5% away from its 2021 high in U.S. dollar terms, having already reached records […]

Hereby "Global Venture Partners s.r.o." notifies that it carries out its activities in accordance with paragraph 1 of article 15, the law on investment companies and investment funds of 19.06.2019. Listed in the ZISIF § 15 para. 1 asset management list managed by the CNB in accordance with § 596 (1) CRR. (F) ZISIF.

IČO: 08241473. LEI: 5493003MKEWYLZ837883...
This information on the site is not an individual investment recommendation, and the financial instruments or transactions mentioned in this material may not correspond to your investment profile, financial situation, investment experience, investment goals. Determining the compliance of a financial instrument or transaction with investment objectives, investment horizon and risk tolerance is the task of the investor
Venture fund Global Venture Partners s.r.o. is not responsible for possible losses of the investor in case of investing in the financial instruments mentioned in this material and does not recommend using the specified information as the only source of information when making an investment decision.
* The Venture Fund does not provide guarantees regarding the reliability and accuracy of the information provided, none of the assumptions contained in this material can be interpreted as a guarantee of investment reliability, income stability and possible benefits associated with management methods or the choice of specific financial instruments. The value of investment products may increase and decrease, the results of investing in the past do not determine future income, the company does not guarantee the profitability of investments in investment funds. All information about the profitability (value gain) of the product managed by Global Venture Partners s.r.o. are quoted excluding commissions and taxes. Charging a commission will reduce the return on investment in investment products. Before purchasing an investment product, you should carefully read the rules of trust management for this product. Services for transactions with foreign securities are available to persons who are qualified investors in accordance with applicable law and are performed in accordance with the restrictions established by applicable law.

Show

Hide