Braze, Inc. (BRZE)

Sector - Technology

IPO Profile

About company

Braze is a leading comprehensive customer engagement platform that powers customer-centric interactions between consumers and brands. Using their platform, brands ingest and process customer data in real time, orchestrate and optimize contextually relevant, cross-channel marketing campaigns and continuously evolve their customer engagement strategies. As of July 2021, more than 1,000 customers around the world trust Braze with their most valuable assets: their customer relationships. Over the past three years, the scale of their platform has grown substantially. Their platform enabled interactions with 3.3 billion monthly active users via their customers’ apps, websites and other digital interfaces in July 2021, up from 2.3 billion in January 2020 and 1.6 billion in January 2019. In fiscal year 2021 alone, they processed over seven trillion consumer-generated data points on their platform, and their customers sent approximately one trillion messages to their consumers using their platform. They built their platform on the premise that in order to foster positive customer experiences and long-lasting customer relationships, brands must communicate with consumers in human-like ways. To ensure that interactions between brands and consumers have the same relevance and cross-channel continuity as human interactions, they avoid channel silos so that each channel is aware of activity occurring in other channels and is able to react to that activity in real time.
Industry
Services - Prepackaged Software
CEO CFO
-
Employees Founded
870 2011

Contacts

Address: 330 West 34th Street, Floor 18 New York, New York 10001

Telephone: (609) 964-0582

Web page: http://www.braze.com

IPO information

First Trade Date 11/17/2021
Status Priced
Exchange NASDAQ
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)
55
60
65
0
0
Price Low Price High Priced Open 1st day Close 1st day

Shares & Volumes

Shares Initial (MM) 8
Shares Revised (MM) 8
Expected offer amount (MM) $460
Realized offer amount(MM) $520

Financial Data (last reporting year)

Market Cap (MM) $5189.95
Revenues (MM) $185.89
Net Income (Loss) (MM) $-44.42

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The lead left underwriter: Goldman Sachs

IPOs led by the firm .Pro
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Underwriters
Goldman Sachs/ JP Morgan/ Barclays/ Piper Sandler/ William Blair
CO-Managers
Canaccord Genuity/ Cowen/ JMP Securities/ Needham & Co./ Oppenheimer & Co./ Raymond James/ Loop Capital Markets

Sector: Technology

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