HubSpot Is Worth Nearly $1 Billion After Gaining 20% On First Day Of Trading

HubSpot had a good first day on Wall Street. The Massachusetts-based marketing software company is worth about $914 million after its stock closed at $30.10 — 20% higher than the $25 opening price — on the New York Stock Exchange. HubSpot raised $125 million from the IPO, selling 5 million shares at the $25 price […]

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HubSpot had a good first day on Wall Street. The Massachusetts-based marketing software company is worth about $914 million after its stock closed at $30.10 — 20% higher than the $25 opening price — on the New York Stock Exchange.

HubSpot raised $125 million from the IPO, selling 5 million shares at the $25 price on Wednesday. The stock — with ticker symbol HUBS — opened at $32.99, according to Yahoo Finance

HubSpot offers marketing services for mid-sized businesses, which it defines as having between 10 and 2,000 employees. It offers marketing tools that include blogging, social media publishing and monitoring, marketing automation and analytics. In a Marketing Land survey conducted late last year, HubSpot was the third most-recognized marketing technology brand, behind Google and Moz and ahead of SalesForce, Adobe and others.

The company isn’t profitable. In 2013, it had $77.6 million in sales with a net loss of $34.4 million. In the first six months of 2014, it pulled in $51.3 million in revenue, losing $17.7 million. It reported an accumulated deficit of $123.8 million as of June 30 and without the IPO might have needed to tap further into its line of credit to cover expenses.


Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.


About the author

Martin Beck
Contributor
Martin Beck was Third Door Media's Social Media Reporter from March 2014 through December 2015.

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