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Investment Opportunities

Automation Anywhere IPO: Software Giant Planning for 2022 Listing

Is the Automation Anywhere IPO on the way? The company is one of the top anticipated IPOs of 2022. So, let’s dive into the details…

Automation Anywhere IPO: About the Business

Automation Anywhere IPO

Automation Anywhere is a robotic process automation (RPA) software company. It operates out of Bloomington, Minnesota with over 50 offices across the United States.

The company offers a cloud-based enterprise automation platform called Automation 360. It’s a cloud-native end-to-end automation program. The platform allows for integrated automation at all angles. This includes discovery, digitization, automation and optimization capabilities.

The SoftBank-backed company helps businesses develop software pieces, also known as bots. Various departments from human resources to sales and marketing use these bots to automate tasks. For example, it can automate repetitive, manual tasks such as entering data into spreadsheets. As a result, it helps companies save time and money.

Automation Anywhere’s website boasts the following data…

  • Over 2.8 million bots deployed for RPA
  • More than one million community members
  • Over 1,200 bot store products
  • Operating in over 90 countries
  • 30,000 hours saved annually

The company has partnerships with tech giants like Microsoft, Google and Amazon Web Services. Technology partners, business partners and training partners make up the company’s main focus areas. Furthermore, the company is scaling out its team to grow its business.

Company Appoints Tech Gurus Ahead of Automation Anywhere IPO

There have been rumors about the company moving toward an IPO. No official announcements have come out about the Automation Anywhere IPO. However, investors are starting to believe the company is making a public debut soon.

The company caught the eye of investors when it appointed top executives with experience in the IPO process last year. In May, the company announced the appointment of James Budge as CFO and Mike Micucci as COO.

Budge is a longtime financial executive who prepared three companies for IPOs. Furthermore, Micucci previously led Salesforce.com’s Commerce Cloud and Community Cloud businesses as CEO.

At the time of the announcement, Mihir Shukla, CEO and Cofounder of Automation Anywhere, said…

With these seasoned industry veterans on board, we are more prepared than ever to bring the benefits of cloud RPA and intelligent automation to every organization that wants to liberate its employees from manual, repetitive tasks, and free them to be more productive. I’m thrilled to welcome both of these world-class executives as we build on market momentum and head towards our next phase of growth.

In addition, the company hired Salesforce, Oracle and Siebel veteran Ben Yerushalmi as senior VP of global alliances and channels in September 2021.

Following news that the company hired industry gurus, IPO rumors began circling the internet. In addition, it won’t surprise us if James Budge leads another company into a public offering.

Automation Anywhere: A Look at the Finances

As of 2019, Automation Anywhere landed a valuation of $6.8 billion after its Series B funding. Currently, no information has come out regarding the Automation Anywhere IPO valuation.

So far, the company has raised $840 million from investors. This includes a $550 million Series A funding round in 2018. Some of the company’s investors include Goldman Sachs, Salesforce Ventures and SoftBank’s Vision Fund.

So, how much could the company raise in the Automation Anywhere IPO? Let’s look at the filing details…

Automation Anywhere IPO Filing Details

Investors are on the edge of their seats for an IPO. Furthermore, while an IPO isn’t official, it’s rumored to be taking place this year. According to reports, the leading RPA technology firm is preparing for its public debut. In addition, the company is working with investment banks to prepare, sources told Bloomberg News.

News of Automation Anywhere consulting with investment banks released in September 2022. So, investors can expect the Automation Anywhere IPO filing news to break at any moment.

At this time, it’s unknown if the company will go public via a traditional IPO or a direct listing. Additionally, the Automation Anywhere IPO date, price range and offer shares are unknown.

For other tech investment opportunities, check out the Databricks IPO and Cohesity IPO.

Furthermore, if IPO investing interests you, check out our top recent IPOs and our IPO calendar. We update the calendar daily to give you the latest news on upcoming and filed IPOs.


About

Aimee Bohn graduated from the College of Business and Economics at Towson University. Her background in marketing research helps her uncover valuable trends. Researching IPOs and other trends has been her primary focus over the past year. When Aimee isn’t writing for Investment U, you can usually find her doing graphic design or traveling with friends.

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