Semrush

Semrush was founded in 2008 by Russians Dmitry Melnikov and Oleg Shchegolev. Semrush is the developer of the SaaS platform for site visibility management and content marketing, it offers access to more than 50 marketing tools and services. The platform helps users promote sites, collect data about search queries, analyze traffic and make targeted ads. Semrush has more than 67 thousand solvent customers (by the end of March 2021), the company has its headquarters in Boston and offices in Pennsylvania, Texas, the Czech Republic, Cyprus, Poland and Russia.

Activity indicators

2020: Revenue growth by 35.6%, to $124.9 million, loss - $7 million

In 2020, its revenue reached $124.9 million, which is 35.6% more than in 2019. The company's loss in 2020 amounted to $7 million, in 2019 the figure was $10.2 million

History

2021: Exit to the exchange

At the end of March 2021, the Semrush Internet marketing service, founded by Russians Oleg Shchegolev and Dmitry Melnikov, began trading on the New York Stock Exchange (NYSE). The company's shares are traded under the SEMR ticker.

As part of the IPO, Semrush offered 10 million Class A ordinary shares at a price of $14. On the first day of trading on March 25, 2021, quotes fell by more than 19%, to $11.22 apiece. Initially, the company planned to sell 16.8 million Class A shares to investors at a price of $14 to $16 per paper. Semrush raised $140 million excluding an option to placement organizers, including Goldman Sachs, Jefferies, J.P. Morgan, KeyBanc Capital Markets. It was assumed that $235-268.8 million would be raised under the IPO.

Semrush begins trading on the NYSE exchange

As of the end of 2020, the company employed 980 employees, of which 640 are in Russia and 177 in the United States. Semrush customers in the United States include such IT companies as eBay, Deloitte, Amazon, Hewlett Packard, Forbes, etc.^[1][2]

Notes