HootSuite Closing in on IPO, New Report Suggests

Posted by Knowlton Thomas

A Boston-based financial services company is in talks with HootSuite about a pre-IPO investment, according to a new report from the Wall Street Journal.

Citing an anonymous source familiar with the matter, the WSJ suggests that Boston-based Fidelity Investments is in talks with Vancouver's HootSuite about potentially going public next year.

HootSuite—whose valuation, according to WSJ's source, is currently $725 million—isn't commenting on the matter, nor is Fidelity. HootSuite CEO Ryan Holmes tweeted that he "can neither confirm nor deny" the paper's report.

Company:
Hootsuite Media, Inc.
Website:
http://www.hootsuite.com
Location:
Vancouver, British Columbia, Canada

Hootsuite is the world’s most widely used social media relationship platform. More than 10 million users, including 744 of the Fortune 1000 companies, trust Hootsuite to manage their social media programs across multiple social networks from one integrated dashboard. Learn more about how Hootsuite is revolutionizing communication at http://www.hootsuite.com. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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