October 04 - 12:10
GitLab targets $9bn valuation from upcoming IPO
GitLab has set out the terms of its upcoming IPO as it looks to raise as much as $624m. The coding platform, used by Nvidia, Siemens and others, plans to sell more than ten million shares. Post-IPO the company could be worth $9bn. GitLab's tools increase efficiency in software development teams by encouraging collaboration. Goldman Sachs, JP Morgan and BofA Securities are its lead underwriters.
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