ChannelAdvisor file for IPO

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ChannelAdvisor FeatCongratulations to the guys at ChannelAdvisor, they just announced that they’ve filed the initial papers for their Initial Public Share Offering (IPO).

ChannelAdvisor are looking to raise $86,250,000, that’s on top of previous investments of $75 million that’s been invested to date. The number of shares to be sold and the price range for the proposed offering have not yet been determined. ChannelAdvisor plans to list its common stock on the New York Stock Exchange under the ticker symbol “ECOM.”

The filing reveals that as of the end of 2012, ChannelAdvisor had over 1,900 core customers worldwide. ChannelAdvisor handled $3.5 billion in gross merchandise value, in 2012 and their customers managed over 100 million stock-keeping units, or SKUs, of their inventory on the ChannelAdvisor platform.

I would imagine that everyone from Scot Wingo down to ex-employees who hold shares are looking forward to a good pay day. ChannelAdvisor is one of the oldest and best known multi-channel management providers and it’s been a long time to build the company to the stage that they can float on the stock market.

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