Tim Pannell for ForbesDomo is following fellow billion-dollar Utah tech company Pluralsight in pursuing a public offering, the latest test of recent investor appetite for tech IPOs — this one with serious question marks. Domo’s revenue has been growing at a healthy clip, but the company is far from profitable. Valued at a reported $2 billion by private investors, Domo had raised far more money than its Utah unicorn peers. 15 on the Forbes Cloud 100 list, Domo undoubtedly hopes to attract more large-size customers as a public company, while creating liquidity for early employees. Domo’s Utah peer Pluralsight popped 33% in first-day trading in mid-May; the company currently trades at a market capitalization of $2.9 billion.

Source: Forbes June 01, 2018 17:48 UTC