Ecommerce Software Company ChannelAdvisor Seeks to Raise $86 Million as It Files for IPO

source: - author: Josh Ong - Image credit: FRANK RUMPENHORST/AFP/Getty Images

Ecommerce Software Company ChannelAdvisor Seeks to Raise $86 Million as It Files for IPO


ChannelAdvisor, an ecommerce solutions company backed by eBay, has filed for an initial public offering as it aims to raise as much as $86 million.

According to the company’s S1 filing, the proposed aggregate offering price is $86.25 million. It will trade under the “ECOM” ticker symbol once it is listed on the New York Stock Exchange.

ChannelAdvisor got its start in 2001 providing retailers with software for their ecommerce endeavors. The company says it works across hundreds of channels, including Amazon, Google, eBay, Facebook.

In addition to eBay, NEA, ATV, Kodiak Venture Partners and Southern Capitol Ventures have backed ChannelAdvisor.

Other recent tech IPO filings include SaaS firm Marketo and Google Ventures-backed smart-grid company Silver Spring Networks.


RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–ChannelAdvisor Corporation today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined. ChannelAdvisor plans to list its common stock on the New York Stock Exchange under the ticker symbol “ECOM.”

Goldman, Sachs & Co. is acting as the lead book-running manager for the proposed offering. Stifel Nicolaus & Company, Incorporated is acting as a book-running manager. Pacific Crest Securities LLC, BMO Capital Markets Corp., Needham & Company, LLC, and Raymond James & Associates, Inc. are acting as co-managers.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Goldman, Sachs & Co. at 200 West Street, New York, New York 10282, Attention: Prospectus Department, by calling (866) 471-2526 or emailing


A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


User Rating: 5 (1 votes)