Sumo Logic, Inc.

Sumo Logic, Inc. (SUMO) priced its initial public offering on Sep 17, 2020 at $22.00 per share, raising $325.6M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.17B. BTIG was lead-left underwriter. Wilson Sonsini advised the company and Davis Polk advised the underwriters.

Sumo Logic, Inc. provides a cloud-based Continuous Intelligence Platform that lets organizations collect, ingest and analyze application, infrastructure, security and IoT data to produce insights within seconds. It uses artificial intelligence and machine learning as a multi-tenant cloud service.

Status

IPO

Ticker

SUMO

Exchange

Nasdaq Global Select

Priced

Sep 17, 2020

IPO price

$22.00

Raised

$325.6M

Market cap at IPO price

$2.17B

First filed

Aug 24, 2020

Underwriters

BTIG

Company counsel

Wilson Sonsini

Underwriters' counsel

Davis Polk

Sector

Technology

Country / state

CA

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