Domo Is Now Public
As of today, Domo is officially a public company.
Today we welcome @Domotalk, a company who optimizes your business by connecting you to the data, people, and expertise you need to improve business results to the Nasdaq family of global companies. #DomoIPO pic.twitter.com/LvJREBeUk7— Nasdaq (@Nasdaq) June 29, 2018
Domo has announced the pricing of its initial public offering: 9.2 million shares of Class B stock at $21 per share. The shares begin trading today under the symbol "DOMO" and are expected to close on July 3. Founder/CEO Josh James has already rung the Nasdaq bell, so you know things are very real.
With the offering, Domo is now valued around $510 million - roughly a quarter of their pre-IPO valuation. Where we go from here remains to be seen, though Domo's filing gave us a clearer window into the company's state and presumably readjusted expectations moving forward.