GitLab seeks results in initial public offering

Sep 20, 2021 • Robert Lavine

GV owns a 6.6% stake in the DevOps platform developer, which was valued at $6bn as of a secondary share sale late last year.

US-headquartered software development technology provider GitLab filed for an initial public offering on the Nasdaq Global Market on Friday that would represent an exit for internet and technology group Alphabet.

GitLab has produced a software platform centred on DevOps, where software development and IT operations are combined to facilitate continuous product delivery. It increased revenue 69% year on year to $108m for the six months ending July 2021, though its net loss rose from $43.5m to $69m.

The company…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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