Avalara

General Information
Business:

 

 

Avalara’s motto is “Tax compliance done right.” The rise of digital commerce and international trade, coupled with constantly shifting taxation and reporting obligations imposed by the global patchwork of local, regional, state, and national taxing authorities, has created a tremendously complex and onerous compliance burden for businesses of all sizes. Avalara’s mission is to provide solutions for this challenge, allowing companies to focus on their core operations. We provide a leading suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. In 2017, we processed an average of over 16 million tax determinations per day.

 

Industry: PREPACKAGED SOFTWARE
Employees: 1495
Founded: 1999
Contact Information
Address 255 South King Street, Suite 1800 Seattle, WA 98104, US
Phone Number (206) 826-4900
Web Address http://www.avalara.com
View Prospectus: Avalara
Financial Information
Market Cap $1429.1mil
Revenues $225.6 mil (last 12 months)
Net Income $-63.4 mil (last 12 months)
IPO Profile
Symbol AVLR
Exchange NYSE
Shares (millions): 7.5
Price range $24.00 - $24.00
Est. $ Volume $180.0 mil
Manager / Joint Managers Goldman Sachs/ J.P. Morgan Securities/ BofA Merrill Lynch
CO-Managers JMP Securities/ KeyBanc Capital Markets/ Stifel
Expected To Trade: 6/15/2018
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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