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Perk Delays IPO Plans as Annual Revenue Nears $400 Million
financeSkift··1 min·For: Investor, Owner, IT

Perk Delays IPO Plans as Annual Revenue Nears $400 Million

Travel management tech platform Perk is delaying its public listing despite reaching nearly $400 million in revenue and 50% annual growth. The company cites volatile equity markets and a desire to avoid burning cash as key reasons to wait.

Key Takeaways

  1. 1Perk is holding off on an IPO despite approaching $400 million in revenue
  2. 2The travel tech firm continues to grow near 50% annually without burning cash
  3. 3Volatile equity markets influenced the decision to delay the U.S. listing

Read original source →

Source: Skift

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