WalkMe

The Israeli IT- The company WalkMe, the flagship development of which is the corporate platform for interactive assistance to users experiencing difficulties in mastering the product^[1].

Activity indicators

2020: Revenue growth by 41%, up to $148.3 million

In 2020, WalkMe revenue reached $148.3 million, an increase of 41% compared to 2019, when the figure was measured at $105.1 million.

History

2021: Access to the Nasdaq Exchange

In mid-June 2021, WalkMe officially became a public company. It listed its shares on the Nasdaq exchange under the ticker WKME.

As part of the IPO, WalkMe sold 9.25 million shares and raised $287 million, and the company's market capitalization amounted to $2.4 billion. Taking into account stock options for employees, the cost of the IT vendor is estimated at $2.8 billion, which is almost $1 billion more than in 2019.

The IPO passed at a share price of $31, which fits into the previously named range of $29-32. However, on the first day of trading on Nasdaq, the rate of WalkMe quotes fell by more than 7%, to $28.81.

Business Cloud Developer WalkMe IPO

According to Bloomberg, the listing of WalkMe in 2021 became the 10th IPO of an Israeli company on American exchanges. The placement took place with the participation of banks Morgan Stanley, Goldman Sachs and Citigroup. Insight Venture Partners will remain the WalkMe 's largest shareholder with a 28 percent stake.

During the pandemic [coronavirus COVID-19 - approx.], TAdviser We saw that companies are preparing for a new normality, "said WalkMe CEO Dan Adika after his company entered the exchange. - We believe that most companies will not return to what was before. If they can do this, they will have to discover new opportunities in the digital world.[2]

2015-2020

The Russian venture fund invested in WalkMe in 2015, investing $4 million in the project. Then the fund partially bought shares from several shareholders of the company, who after the transaction remained in the project.

In 2016, Flint Capital participated in the $50 million round, and in 2017 - in the $75 million round. In the spring of 2020, it became known that Flint Capital partially left the company, selling a small part of the package for more than $6 million.

Notes