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