Zuora first filed to go public in March. Its competitors include Oracle and SAP. Apttus, another rival, has been planning to go public. Goldman Sachs, Morgan Stanley, Allen & Co. and Jefferies were among the underwriters for the public offering.
Zuora is an enterprise software company that creates and provides software for businesses to launch and manage their subscription-based services. Zuora’s applications are designed to automate recurring billing, collections, quoting, revenue recognition, and subscription metrics. Tien Tzuo, a founder of the company, has served as its CEO since 2007.
Zuora creates cloud-based software on a subscription basis that enables any company in any industry to successfully launch, manage, and transform into a subscription business. Zuora is the only technology solutions provider that offers complete Order-to-Revenue capabilities for modern businesses.
Cloud computing firm Zuora jumped almost 43 percent in its first day of trading on the public market. The stock opened at $20 a share, above its Wednesday night pricing of $14 a share, and held those gains to close flat on Thursday at $20.
The company reported a net loss of $47.2 million for the year ended Jan. 31, on revenue of $167.9 million, which was up about 49 percent from a year ago. Zuora first filed to go public in March. Its competitors include Oracle and SAP. Apttus, another rival, has been planning to go public.
Zuora sells a subscription management Saa. S platform for businesses utilizing a subscription-service model. The Zuora Central platform lets companies keep track of subscription payments, billing, collections, pricing, product catalogs, and accounting.
Why Zuora for your subscription business?
The world runs on subscriptions. Subscriptions run on Zuora. See the new product innovations, get inside tips from industry experts, and more. Zuora helps power your subscription business from quote-to-revenue on the world’s leading subscription management platform. , and simplify payments.
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One idea is that zuora’s Billing Product Line is a set of applications designed for subscription businesses. Zuora’s platform keeps track of subscription payments, invoices, pricing, product catalogs, and taxation.
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What is the ticker symbol for Zuora?
The company listed its $154 million initial public offering on the New York Stock Exchange under the ticker symbol ” ZUO. “. Zuora priced its 11 million shares at $14 on Wednesday, above a revised expected range of $11 to $13.