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PagerDuty, one of few software companies with female CEO, to go public


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PagerDuty, one of few software companies with female CEO, to go public

PagerDuty Inc., a San Francisco-based software development company, has filed with the SEC to go public.

The filing lists an offering size of $100 million, a placeholder amount that will likely change.

The company reported last-12-months revenue of $107 million. For the nine months ended Oct. 31, 2018, it recorded a net loss and comprehensive loss of $34.5 million.

The company is led by CEO Jennifer Tejada, making it one of only a handful of software firms with a woman at the top of the ladder. A March 2018 survey from the recruitment platform Entelo found that only 10% of all executive-level roles at technology companies were held by women.

PagerDuty's most recent fundraising round, in September 2018, attracted $90 million and included backing from Andreessen Horowitz LLC and several other private equity firms. An Andreesen Horowitz fund owns 18.4% of PagerDuty's pre-offering common shares, the company said in its filing.

The offering's underwriters include Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets LLC, Allen & Co. LLC, KeyBanc Capital Markets Inc., Piper Jaffray & Co., William Blair & Co. LLC and BTIG LLC.

PagerDuty expects to list its stock under the ticker "PD" on the New York Stock Exchange.