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SoftBank-Backed E-Commerce Software Company VTEX Files for IPO

By Josh Beckerman


E-commerce software company VTEX, whose investors include SoftBank Group Corp., has filed for an initial public offering.

VTEX said in September it reached a $1.7 billion valuation as it raised $225 million in a Series D round. The company's investors include Riverwood Capital and Tiger Global Management LLC.

VTEX intends to apply for New York Stock Exchange listing under the symbol VTEX.

On its website, VTEX details projects such as helping Project N95 quickly upgrade its marketplace for protective equipment last year and working with Motorola Solutions Inc. to launch websites in 39 countries.

Last year, the company's revenue rose 61% to $98.7 million.


Write to Josh Beckerman at


(END) Dow Jones Newswires

June 25, 2021 19:15 ET (23:15 GMT)

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