Tech Company Inital Public Offerings
Apptio IPO
Operating out of Bellevue, Apptio completed its IPO.
Transaction Overview
Company Name
Announced On
9/23/2016
Transaction Type
IPO
Amount
$96,000,000
Proceeds Purpose
The principal purposes of this offering are to create a public market for our Class A common stock, facilitate our future access to the public capital markets and improve brand awareness, as well as to obtain additional capital. We intend to use the net proceeds to us from this offering to repay $20.2 million principal and prepayment fees for amounts borrowed under our credit facilities, and the remainder for working capital and general corporate purposes. Other than the repayment of indebtedness we have not quantified or allocated any specific portion of the net proceeds or range of net proceeds to any particular purpose. Additionally, we may choose to expand our current business through acquisitions of, or investments in, other complementary businesses, technologies, or other assets. However, we currently have no agreements or commitments with respect to any such acquisitions or investments.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
11100 Northeast 8th St. 600
Bellevue, WA 98004
USA
Bellevue, WA 98004
USA
Phone
Website
Email Address
Overview
Use Apptio to Evaluate and Manage Your Portfolio of IT Investments Through an Integrated View of IT Cost, Performance, Supply, and Demand.
Management Team
Title
Name
Email & Social
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