Hootsuite was founded in 2008 by Dario Meli, David Tedman, and Ryan Holmes. While rumors of an IPO have long surrounded the company, Hootsuite remains private. In 2020, CEO Tom Keiser said "It’ll become clear if there is a trajectory to an IPO or if there is another path. But we’re in no rush." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Hootsuite is a provider of social media management solutions to help companies optimize their social media presence. Hootsuite has acquired 14 companies, most of them in the social media and AI sectors. The Vancouver-based company has raised $250 million in venture capital funding from investors including Fidelity Ventures, Accel Partners, Insight Venture Partners, OMERS Ventures, Silicon Valley Bank, Cloud Apps Capital Partners, and Difference Capital Financial. Hootsuite has not disclosed valuation information, but The Globe and Mail reported in 2019 that the company had struggled to achieve a valuation of more than $700 million.
Hootsuite does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Hootsuite will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).
Hootsuite is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
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Hootsuite is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.