SendGrid (SEND) plans to raise $112 million in an IPO on Wednesday, November 15th, IPO Scoop reports. The company plans to issue 7,700,000 shares at a price of $13.50-$15.50 per share.

In the last twelve months, SendGrid generated $103.2 million in revenue and had a net loss of $5.2 million. SendGrid has a market cap of $584.2 million.

Morgan Stanley and J.P. Morgan acted as the underwriters for the IPO and William Blair, KeyBanc Capital Markets, Piper Jaffray and Stifel were co-managers.

SendGrid provided the following description of their company for its IPO: “We are a leading digital communication platform, enabling businesses to engage with their customers via email reliably, effectively and at scale. Our cloud-based platform allows for frictionless adoption and immediate value creation for businesses, providing their developers and marketers with the tools to seamlessly and effectively reach their customers using email. Since our inception we have processed more than one trillion emails. “.

SendGrid was founded in 2000 and has 408 employees. The company is located at 1801 California Street, Suite 500, Denver, CO 80202, US and can be reached via phone at (888) 985-7363.

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