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Miro IPO: Is the Whiteboarding App Ready?

August 21, 2023 8:00 am
Published by: Benjamin Baxter

Miro is a full-suite platform that specializes in workplace productivity solutions. For the fourth time, it has secured a spot on the Forbes Cloud 100 list.

Curious about whether the digital-first brand is gearing up for a public debut? Here’s everything we have on the Miro IPO.

How Much Is Miro Valuation?

Miro closed a $400 million Series C funding round in January 2022.

The capital infusion bolstered Miro’s total funding to $476 million, bringing its valuation to an impressive $17.5 billion. The investment will fund product development and programs to further its reach.

Since then, Miro has made remarkable strides. So, what has Miro been up to over the past year?

  • The tech firm’s user base has surged by an astonishing 500%, from 5 million to 30 million.
  • Its paying customer base has jumped from 20,000 to 130,000—a remarkable 550% growth.
  • The employee count has gone from 585 to over 1200.
  • It has opened five new facilities across major cities, including Tokyo, Sydney, London, Berlin, and Munich. It now has 11 business centers worldwide.
  • Miro presently works with 99% of Fortune 100 companies. Some of its clients are industry giants like Cisco, Dell, HP, Deloitte, Kaiser Permanente, and Okta.

But like most tech firms, Miro is probably worth much less than its latest valuation. That said, we’re not counting on someone else swooping in to take over.

Business-wise, Miro’s financials are healthy, so there’s a good chance they’ll work their way back up to a better valuation.

To do that, Miro might consider another private funding round to generate demand for a public offering.

When Is the Miro IPO Date?

The specific date of the Miro IPO remains a topic of speculation.

While the company’s profitability makes it an attractive candidate for the stock exchange, the timing depends on market conditions.

What Is the Miro Share Price?

Miro’s shares aren’t publicly traded yet, so there’s no official share price available to the public right now.

What Is the Value of the Miro IPO Stock?

The exact valuations are hard to predict. But with a robust balance sheet, Miro has sturdy financial footing and plenty of room for growth.

Not to mention, the company is a world leader in digital whiteboarding. The potential of the Miro IPO stock is undoubtedly an intriguing prospect for retail investors.

What Is the Miro Stock Symbol?

No official stock symbol has been assigned to the company yet.

MIRO is a fitting ticker symbol if the company goes public. However, the name already belongs to Miromatrix Medical.

Should You Invest in Miro IPO Stock?

Miro’s IPO stock is not available on the stock market yet of course, however you can put your name down for Pre-IPO allocations and get involved that way.

Miro’s equity structure revolves around Restricted Stock Units or RSUs. These shares are common stocks granted to employees at a future date as part of their compensation package.

If you’re a Mironeer, your RSUs will only become shares you can trade if these two triggers happen:

  • You meet the vesting period (e.g., four years with a one-year cliff for new hires).
  • A liquidity event occurs (e.g., acquisition or Miro IPO listing).

Until then, the exact value of Miro’s stock remains a question mark.

MIRO IPO Conclusion

While Miro might not lead the next wave of SaaS IPOs, it could stand out as the first lucrative one. So, investors should keep tabs on recent developments leading to a Miro IPO.

With high profitability, it'll only be a matter of time before details of its public float come to light.

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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