Salesforce and WPP-backed Domo, which emerged from stealth in 2015 with a $2bn valuation, has filed to go public in an attempt to secure capital and avoid having to reduce its business.
Domo, a US-based business optimisation software provider backed by enterprise software developer Salesforce and marketing firm WPP, filed for a $100m initial public offering on Friday.
The company, which was most recently valued at $2.3bn, had filed confidentially at the end of February. It has not yet revealed any pricing.
Founded in 2010, Domo has developed a customisable cloud-based platform for enterprises to manage their data across cloud and on-premise applications and make better business decisions.
The company has raised…
