Asana, Inc. (ASAN) to Raise $0 in IPO

Asana, Inc. (ASAN) expects to raise $0 in an initial public offering (IPO) on Wednesday, September 30th, IPO Scoop reports. The company plans to issue 30,000,000 shares at a price of $0.00 per share.

In the last 12 months, Asana, Inc. generated $162.4 million in revenue and had a net loss of $139.5 million.

None acted as the underwriter for the IPO.

Asana, Inc. provided the following description of their company for its IPO: “(Note:  This is not a traditional IPO. This is a direct listing of our Class A common stock on the New York Stock Exchange without the involvement of any investment bank.  From the prospectus: “We have engaged Morgan Stanley & Co. LLC, or Morgan Stanley; J.P. Morgan Securities LLC, or J.P. Morgan; Credit Suisse Securities (USA) LLC, or Credit Suisse; and Jefferies LLC, or Jefferies; to serve as our financial advisors. There will be no book building process and no price at which underwriters initially sell shares to the public to help inform efficient and sufficient price discovery with respect to the opening trades on the NYSE.”) Our mission is to help humanity thrive by enabling the world’s teams to work together effortlessly. Asana is a work management platform that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. Over 75,000 paying customers use Asana to manage everything from product launches to marketing campaigns to organization-wide goal setting. Our platform adds structure to unstructured work, creating clarity, transparency, and accountability to everyone within an organization—individuals, team leads, and executives—so they understand exactly who is doing what, by when. “.

Asana, Inc. was founded in 2008 and has 701 employees. The company is located at 1550 Bryant Street, Suite 200 San Francisco, CA 94103 and can be reached via phone at (415) 525-3888 or on the web at http://www.asana.com.

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