Hootsuite IPO Coming Soon

Hootsuite Media, a platform for enterprises to manage their presence on social media sites, is contemplating moving up its IPO timeline after Shopify’s positive debut yesterday.  Ryan Holmes, the CEO of Hootsuite, said “I’ve talked about 18 to 24 months [until an IPO], but I’m very bullish given the success that Shopify has had, and maybe we will want to speed that up a little bit.”  Hootsuite last raised $60m in September, bringing total financing to date to $250m.

Hootsuite is a members of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 106 companies organized by investment theme.