Coupa Software has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering. The company expects to price its 7.4 million shares in the range of $16 to $18 per share, with an overallotment option for an additional 1.11 million shares. At the maximum price, the entire offering is valued up to $153.18 million. The company intends to list its shares on the Nasdaq under the symbol COUP.

The underwriters for the offering are Morgan Stanley, JPMorgan, Barclays, RBC Capital, JMP Securities and Raymond James.

This is the leading provider of a unified, cloud-based spend management platform that connects more than 460 organizations with more than 2 million suppliers globally. Its platform provides greater visibility into and control over how companies spend money.

Using this platform, businesses are able to achieve real, measurable value and savings that drive their profitability. From Coupa’s inception, its customers have used its platform to bring more than $250 billion of cumulative spend under management, which the company estimates has resulted in more than $8 billion of customer savings to date, based on applying certain savings rates derived from industry benchmarks.

The cloud-based platform has been designed for the modern global workforce that is mobile and expects real-time results, flexibility and agility from software solutions.

In the filing, the company described its finances as:

For our fiscal years ended January 31, 2015 and 2016, our revenues were $50.8 million and $83.7 million and our net losses were $27.3 million and $46.2 million, respectively. For the six months ended July 31, 2015 and 2016, our revenues were $34.5 million and $60.3 million and our net losses were $25.1 million and $24.3 million, respectively.

Coupa intends to use the net proceeds from this offering for working capital and other general corporate purposes, which it currently expects will include continued investment in developing technology to support growth, increased investment in sales team and marketing activities, as well as overall growth in international operations. However, the company does not currently have specific planned uses for the proceeds.

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