Limeade, the Bellevue, Washington-based human resources technology company, is set to raise $100 million in an initial public offering on the Australian stock market.
Terms of the upcoming IPO put Limeade’s total enterprise value at $454 million, or 5.5 times projected 2020 revenue, according to The Australian Financial Review. The company has raised $34 million in funding as a privately held startup.
Founded in 2006 by tech veteran Henry Albrecht, who remains the company’s CEO, Limeade provides employers with tools for measuring and improving employee wellness and engagement, and overall corporate culture.
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