initial public offerings (IPOs) trading on American exchanges

Thursday, October 6, 2016

Coupa Software (COUP) began trading on the Nasdaq on 6 Oct 2016

Coupa Software Incorporated provides cloud-based business spend management platform.
  • Sector: Technology
  • Industry: Software - Infrastructure
  • Founded in 2006
  • Headquartered in San Mateo, California
  • Full Time Employees: 1,202
The ticker COUP was previously used  by (NYSE:COUP). The company changed its corporate name to Quotient Technology (NYSE:QUOT) in 2015.

The “spend management” software company priced its IPO at $18 and saw its shares almost double during its first day of trading.

With clients like Nike and Toyota, Coupa helps companies keep tabs on everyday expenditures and competes with divisions of Oracle and SAP. Founded a decade ago, they claim they’ve saved their customers $8 billion to date.

But they’re still not profitable. For the six months ending in July, Coupa lost $24.3 million, which compares to a loss of $25.1 million in the same period last year. Yet revenue is growing, up to $53.2 million from $31.6 million in the same time frames.

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