Another Austin Startup IPO

  • July 23, 2013
  • Scott
  • 0 Comments

Congratulations are in order for the team at RetailMeNot, which just went public as the world’s largest purveyor of e-coupons.  It was a big win for Austin Ventures, which is also the VC firm behind such notable companies in Austin as HomeAway, Dachis Group, and the one I used to work for, Lombardi.  Also, a big win for the many people at RetailMeNot. And beyond that, it is good for the Austin startup ecosystem to have another public “win”, more liquidity for potential angel investors, and more people in our local economy who are experienced with the process of taking a company public (and scaling the company to that point in the first place).

Interestingly, RetailMeNot has a collection of Trilogy and Lombardi Alumni in the mix.  From the ABJ article:

Austin-based RetailMeNot (Nasdaq: SALE), an online coupon supplier, priced 9 million shares of its stock at $21 each on July 19 and watched it rise nearly 32 percent to $27.70 per share by the end of the day. Based on that price, Austin Ventures’ remaining shares are worth about $350 million.

Also: love the ticker symbol.

Related Posts
  • May 17, 2019
  • Scott
  • 0 Comments

No sooner has Austin Bergstrom airport finished it's first major expansion for International flights ($350M ex...

  • April 24, 2019
  • Scott
  • 0 Comments

The latest census report: "Austin has gained 152 people per day over this decade".  It's kind of incredible: ...

  • April 16, 2019
  • Lance
  • 0 Comments

If you have been thinking about automation or performing small pilots, now is the time to get very serious abo...