Quick Take
Zuora (ZUO) intends to raise $100 million from the sale of Class A shares in a U.S. IPO, according to an S-1 registration statement.
The firm is a prominent provider of subscription billing and management to businesses via its order-to-cash platform.
ZUO is going public in a potentially strong IPO market. We’ll see how the crop of software-enabled firms such as Dropbox (DBX) and Spotify (SPOT) fare in the current IPO environment.
