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Expensify Files S-1 As IPO Market For Enterprise Tech Heats Up
By Chris Metinko,
Expense management platform Expensify officially filed its S-1 late Friday, joining the parade of enterprise tech companies going public this year.
The Portland-based company aims to follow enterprise-facing tech companies like WalkMe, Sprinklr, Confluent and others, which have all gone public in the last several months. Just last week, San Francisco-based DevOps platform GitLab saw its shares spike nearly 35 percent in first-day trading—giving the company a market cap of nearly $15 billion.
Expensify—which competes with the likes of SAP Concur in the expense reporting sector—confidentially filed back in May to go public. Founded in 2008, the SaaS-based...
