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Gong IPO: Will It Happen?

November 6, 2023 2:35 pm
Published by: Benjamin Baxter

Gong is a San Francisco-based software company with around 1,110 employees and Amit Bendov as its CEO. It specialises in sales and revenue intelligence, helping companies accelerate revenue growth with artificial intelligence. Gong currently has a client base of over 4,000 companies from around the globe, which it supports with strategy formulation, forecasting, and advanced coaching. If you're looking to invest in this tech giant, Keep reading to discover more about Gong's potential IPO and other relevant financial information.

Gong's IPO Journey

Over the last three years, there has been speculation that Gong will hold an IPO. However, the information remains scanty, as it has not given an official IPO date. A Gong IPO may indeed happen in the future, but this could be after the end of 2023.

The company may need to go public to fund to enhance its service around the globe. While it has raised significant funding in the past, an IPO would be an easier way to support its objectives. Information from the Gong pre-IPO indicated that the company seeks to raise over $1 billion from the initial public offering.

Gong's Current Valuation and Share Price

Gong has secured substantial funding since 2020, including its most recent achievement of $250 million in Series E in June 2021. As a result, Forbes has placed the company at number 23 in the 2023 edition of the annual Cloud 100 — the list of the world's best private cloud computing companies. Today, Gong's valuation stands at about $7.3 billion, which is a substantial increase from its valuation of $2.2 billion in August 2020.

There are still no details of the likely Gong's share price, as the company rarely releases its stock and asset information to the public. However, based on the publicly available Gong stock data and the tremendous growth it has experienced in the last few years, it is likely to reach a pretty high share price.

Get Ready for the Gong IPO

Investors interested in buying into Gong can consult with, they specialise in finding funding for artificial intelligence start-ups that are coming to the stock market soon. You will receive a brochure and full information on how to get involved with various AI start-ups/IPOs.

The information in this article is well-researched and factual. Still, it contains opinions also, and IT IS NOT FINANCIAL ADVICE and should not be interpreted as such, do not make any financial decisions based on the information in this article; we are not financial advisors. We are journalists. You should always consult with a professional before making any investment decisions. We hold no stock or interest in any Companies discussed on this website/app.

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