This article was published on April 12, 2013

Ecommerce software company ChannelAdvisor seeks to raise $86 million as it files for IPO


Ecommerce software company ChannelAdvisor seeks to raise $86 million as it files for IPO
Josh Ong
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Josh Ong

Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him a Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him at [email protected].

ChannelAdvisor, an ecommerce solutions company backed by eBay, has filed for an initial public offering as it aims to raise as much as $86 million.

According to the company’s S1 filing, the proposed aggregate offering price is $86.25 million. It will trade under the “ECOM” ticker symbol once it is listed on the New York Stock Exchange.

ChannelAdvisor got its start in 2001 providing retailers with software for their ecommerce endeavors. The company says it works across hundreds of channels, including Amazon, Google, eBay, Facebook.

In addition to eBay, NEA, ATV, Kodiak Venture Partners and Southern Capitol Ventures have backed ChannelAdvisor.

Other recent tech IPO filings include SaaS firm Marketo and Google Ventures-backed smart-grid company Silver Spring Networks.

Photo credit: FRANK RUMPENHORST/AFP/Getty Images