The Massachusetts-based totally advertising software agency, which has but to show a profit, raises $125 million with the IPO. Its market cap is ready $914 million.

HubSpot had a excellent first day on Wall side road. The Massachusetts-primarily based advertising software firm is worth about $914 million after its stock closed at $30.10 — 20% higher than the $25 opening value — on the brand new York inventory alternate.

HubSpot raised $one hundred twenty five million from the IPO, promoting 5 million shares on the $25 worth on Wednesday. The stock — with ticker symbol HUBS — opened at $32.99, according to Yahoo Finance

HubSpot offers advertising services and products for mid-sized companies, which it defines as having between 10 and 2,000 workers. It bargains marketing tools that include blogging, social media publishing and monitoring, advertising and marketing automation and analytics. In a marketing Land survey carried out late ultimate 12 months, HubSpot was once the third most-known advertising know-how model, in the back of Google and Moz and in advance of SalesForce, Adobe and others.

the company isn’t successful. In 2013, it had $77.6 million in gross sales with a web loss of $34.4 million. within the first six months of 2014, it pulled in $fifty one.three million in revenue, losing $17.7 million. It reported an accrued deficit of $123.8 million as of June 30 and with out the IPO would possibly have wanted to faucet additional into its line of credit score to duvet expenses.

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