IPO

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IPO Date 14/12/2021

Trade Samsara Inc.

Samsara Inc.
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General info on Samsara Inc

About the company

  • Name
    Samsara Inc
  • Industry
    Services - Computer Integrated Systems Design
  • Employees
    1400+
  • Founding year
    2015
  • Ticker
    IOT

Filing Information

  • IPO file date
    19/11/2021
  • No. of shares
    35,000,000
  • Price
    $20 - $30
  • Exchange
    NYSE
  • Bookrunners
    Morgan Stanley, Goldman Sachs, J.P. Morgan, and Allen & Co.
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IPO Details

About Samsara

Samsara was founded by Sanjit Biswas and John Bicket in 2015, and it is headquartered in San Francisco. They have previously co-founded Meraki, which has been part of Cisco Systems since 2012. Samsara sells subscriptions to its connected operations cloud that allows organizations access to data insights related to their business.

Andreessen Horowitz can be named among its early investors, followed by General Catalyst, Tiger Global and Dragoneer.

Just three years after its founding, Samsara reached unicorn status, having a valuation that topped $1 billion after a funding round in March 2018. Samsara raised $930 million seven funding rounds later and reached a $6.3 billion valuation.

In the future, Samsara is looking to leave its mark in the industrial sector, offering manufacturing solutions. Its clients include over 20,000 companies in the logistics, industrial production, energy and construction sectors.

 

IPO Figures

Samsara aims to raise up to $805 million through its New York Stock Exchange IPO. Its 35 million Class A shares are priced between $20 - $23 apiece. Moreover, more than 500 million are expected to be outstanding, pushing Samsara’s market valuation at $11.5 billion.

Valuation

Following a Secondary Market round on September 24, 2020, it was valued at $5.4 billion.

Samsara: what you need to know

  • Venture capital giant Andreessen Horowitz backs it up
  • Its number of customers with annual recurring revenue of over $100,000 has increased to 715 as of October 30, 2021
  • The clientele spans from energy, food & beverage, to manufacturing and transportation

Sources: techcrunch.com, iposcoop.com, reuters.com, seekingalpha.com

Summary

  • Ticker
    IOT
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Key elements

Find out the most essential numbers for Samsara Inc. IPO

Targeted valuation

$11.5 B

Funds raised

$930 B

Net retention rate

115%

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Samsara Inc.

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A closer look at Samsara Inc. IPO
Learn why traders are always eager to trade IPOs

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  • Status: Upcoming
  • IPO Date: 14/12/2021
  • Price: $20 - $23

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