SEMrush Holdings digital marketing management platform sets terms for $ 252 million IPO


SEMrush Holdings, which provides a SaaS platform for digital marketing management, announced the terms of its IPO on Tuesday.

The Boston, MA-based company plans to raise $ 252 million by offering 16.8 million shares (11% insider) at a price range of $ 14 to $ 16. In the middle of the proposed range, SEMrush Holdings would have a fully diluted market value of $ 2.2 billion.

SEMrush states that it is a leading online visibility management software platform as a service, enabling businesses to identify and reach the right audience for their content, in the right context and through the right channels.

SEMrush Holdings was founded in 2008 and reported $ 125 million in revenue for the 12 months ended December 31, 2020. It expects to be listed on the NYSE under the symbol SEMR. Goldman Sachs, JP Morgan, Jefferies and KeyBanc Capital Markets are the associated bookkeepers in the transaction. Its price is expected during the week of March 22, 2021.

The article SEMrush Holdings digital marketing management platform sets terms for $ 252 million IPO originally appeared on the website of IPO investment manager Renaissance Capital.

Disclosure of investments: The information and opinions expressed in this document have been prepared by Renaissance Capital research analysts and do not constitute an offer to buy or sell any securities. Renaissance capital Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of the companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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