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This is surprising. The company is still growing at a very fast rate, especially in their "whale" segment (customers with ARR over $50k). I'm curious about why

This is surprising. The company is still growing at a very fast rate, especially in their "whale" segment (customers with ARR over $50k). I'm curious about why they want to take the company public, as VC funding shouldn't be hard to come by with these numbers. The founders have not sold any stock so far in the two secondary sales ($50 million at Series D and $30 million at Series E). Intriguing.

adam_arthur 5y ago
Probably to cash out in the current market hysteria. Though high growth tech has been sliding for a few weeks after bubbling up... If we do get high inflation numbers going forward, valuation multiples for tech will likely contract. A lot of price appreciation in the last few years has been due to expansion of valuation multiples, rather than growth. Though of course, all of these tech companies are growing incredibly fast too. E.g. Apple had a PE of 8 just a few years ago, now it's around 30. Of course, a great business, but share price growth has outpaced real metrics