Braze, Inc.

Braze, Inc. (BRZE) priced its initial public offering on Nov 18, 2021 at $65.00 per share, above its $55.00–$60.00 range, raising $520M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $5.87B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Barclays and Piper Sandler and others. Cooley advised the company and Simpson Thacher advised the underwriters.

Braze, Inc. provides a customer engagement platform that lets brands process customer data in real time and run cross-channel marketing campaigns. More than 1,000 customers worldwide use it to build personal interactions with consumers.

Status

IPO

Ticker

BRZE

Exchange

Nasdaq Global Select

Priced

Nov 18, 2021

IPO price

$65.00

Price range

$55.00–$60.00

Raised

$520M

Market cap at IPO price

$5.87B

First filed

Oct 22, 2021

Underwriters

Goldman Sachs, J.P. Morgan, Barclays, Piper Sandler, William Blair, Canaccord Genuity, TD Cowen, Citizens JMP, Needham, Oppenheimer, Raymond James and Loop Capital

Company counsel

Cooley

Underwriters' counsel

Simpson Thacher

Sector

Technology

Country / state

NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.