Automattic was founded in 2005 by Matt Mullenweg. The company has not officially endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Automattic is the parent company behind a number of prominent blogging and communication platforms, most notably Wordpress and Tumblr. Decentralizing and democratizing internet communication is central to the company's mission, and much of its work is Open Source and available under the GPL. Wordpress, the company's flagship platform, is reported to account for more than 40% of websites on the internet, and WooCommerce, the company's e-commerce platform, is quickly becoming a prominent platform for online storefronts. The company has received nearly $1 billion in venture capital funding from investors including Wellington Partners, Schonfeld Strategic Advisors, ICONIQ Capital, and BlackRock. Automattic has a $7.5 billion valuation.