Mailchimp Is Exploring a Sale at $10B-Plus Valuation

Re:Mailchimp Is Exploring a Sale at $10B-Plus Valuation by runako on Thursday August 12, 2021 @12:31PM (#28158358)

> That's a 14x multiple on ARR, which seems to be on the high side?

For small private companies, yes. Mailchimp is not in that set. Better comps likely to be public SaaS companies, since Mailchimp is certainly large enough to trade on the Nasdaq.

I anchor valuation around Snowflake on the high end (117x sales), but a lot of it is really about growth rate. Here are price/sales for some other public SaaS companies:

HubSpot: 29x

DocuSign: 36x

Asana: 47x

Atlassian: 40x

DataDog: 50x

Shopify: 49x

Twilio: 28x

Okta: 40x

Workday: 13x

A case could be made that a buyer could spiff up the Mailchimp app/company and prep for an IPO in the ~$30B range in a couple of years.

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Re:Mailchimp Is Exploring a Sale at $10B-Plus Valuation by forgingahead on Thursday August 12, 2021 @10:46PM (#28164791)

Thanks for sharing that. Looking at Shopify[0], their revenue growth rate has been between 50% to 100% (!!) per year - didn't look at the rest but what you say makes sense with that information.

[0]: https://finance.yahoo.com/quote/SHOP/financials?p=SHOP

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