Thryv Holdings, Inc.
(Note: This is not a traditional IPO. This is a direct listing. The company has applied to have its stock listed on the NASDAQ. No pricing terms have been disclosed. *I-Bankers is the financial advisor on this direct listing. There are no underwriters.)
Thryv Holdings, Inc. is dedicated to supporting local, independent businesses and franchises by providing innovative marketing solutions and cloud-based tools to the entrepreneurs who run them. The company publishes print and digital Yellow Pages.
Our company is built upon a rich legacy in the marketing and advertising industry. We are one of the largest companies in the United States that provides small-to-medium sized businesses (“SMBs”) with print and digital marketing solutions and Software as a Service (“SaaS”) end-to-end customer experience tools. Our solutions enable our SMB clients to generate new business leads, manage their customer relationships and run their day-to-day operations. As of June 30, 2020, we serve over 360,000 SMB clients through two business segments: Marketing Services and SaaS.
In the U.S. market, our SaaS solutions are best suited to our total addressable market of SMBs with two to 50 employees, many of whom have outgrown manual processes, as well as franchise organizations with up to approximately 100 units or locations. We estimate SMBs with two to 50 employees represent nearly 8 million of the 30 million U.S. SMBs. The SMB market is an attractive target for sales of cloud-based tools because market penetration is still low, with 64% of SMBs still not subscribed to cloud software or services, and the increased need for SMBs to integrate technology solutions that facilitate a remote working environment and contact-less customer interactions.
|Address||2200 West Airfield Drive P.O. Box 619810 DFW Airport, Texas 75261|
|Phone Number||(972) 453-7000|
|View Prospectus:||Thryv Holdings, Inc.|
|Revenues||$1286.4 mil (last 12 months)|
|Net Income||$37.2 mil (last 12 months)|
|Price range||$10.17 - $10.17|
|Est. $ Volume||$271.5 mil|
|Manager / Joint Managers||I-Bankers Securities|
|Expected To Trade:||10/1/2020|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|