Asana, the productivity startup founded by Facebook cofounder Dustin Moskovitz, filed its paperwork for a direct listing on Monday.
Asana plans to list on the New York Stock Exchange.
Asana’s revenue grew 82% between fiscal year 2019 and fiscal year 2020, but the company has lost money every year since its founding in 2008.
It was last valued at $1.5 billion in November 2018, and has raised $213.5 million to date according to Pitchbook.
Visit Business Insider’s homepage for more stories
Asana, a buzzy workplace collaboration startup created by one of Facebook’s cofounders more than a decade ago, filed paperwork Monday to become a publicly traded company through the novel “direct listing” process.
The move will make Asana only the third major tech company to go public through a direct listing, following in the footsteps of Spotify and Slack. And it means that Asana, which has lost money every year since its founding in 2008, will not raise any capital in the move. See the rest of the story at Business Insider
NOW WATCH: Why YETI coolers are so expensive
Read more about this at: feedproxy.google.com