Marketing automation company Marketo filed paperwork with the SEC on Tuesday to launch an initial public offering valued at $75 million. The company has not yet proposed a stock price. It does say in the filing that it is considered an “emerging growth company,” and it plans to list on Nasdaq under the symbol “MKTO.” The most telling portion of the filing was the company’s description of the risks related to its business and industry. Marketo has a history of losses and it “may not achieve consistent profitability in the future,” according to the filing.
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Marketo Winds Up for Risky IPO
Posted by: Erika Morphy April 3, 2013 03:26 PMMarketing automation company Marketo filed paperwork with the SEC on Tuesday to launch an initial public offering valued at $75 million. The company has not yet proposed a stock price. It does say in the filing that it is considered an “emerging growth company,” and it plans to list on Nasdaq under the symbol “MKTO.” The most telling portion of the filing was the company’s description of the risks related to its business and industry. Marketo has a history of losses and it “may not achieve consistent profitability in the future,” according to the filing.