Shares in hotel commerce platform, SiteMinder jumped 38% on debut on Monday, adding $500 million to the value of the business. SiteMinder’s IPO raised $627 million at $5.06 a share, for a market capitalisation of $1.36 billion. Shares in the business (ASX:SDR) closed at $7.10 on Monday for a $1.88 billion market cap. Equity funds… Read more »
The last 15 years have truly been an amazing journey – from starting out with a hunch in a rental house on Sydney’s Northern Beaches, to serving the tens of thousands of hotel customers around the world that we do today. It’s not been easy, but has been incredibly rewarding, and we’ve had the chance… Read more »
Hotel commerce platform SiteMinder has raised $100 million in a pre-IPO round, repeating the raise it made before the pandemic hit. Fidelity International came aboard as a new shareholder with existing backers AustralianSuper, and equity funds managed by BlackRock, Ellerston Capital, Pendal Group, and Washington H. Soul Pattinson upping their stakes in the tech platform.… Read more »
‘Growth’ is the buzzword of 2018 among startups, yet defining and executing it is where the real conversation is.