Loom IPO
Loom was a video messaging platform that allowed users to quickly record and share screen recordings and video messages. The company became popular during the remote work boom, particularly for asynchronous communication and collaboration. Loom was acquired by Atlassian in 2023 for approximately $975 million, making it one of the larger acquisitions in the video communication space.
What We Know
Loom was acquired by Atlassian in October 2023 for approximately $975 million, ending any potential IPO timeline for the company. The acquisition was part of Atlassian's strategy to expand its collaboration and communication tools portfolio, integrating Loom's video messaging capabilities with products like Jira, Confluence, and Trello. Prior to the acquisition, Loom had raised over $200 million in funding and was valued at around $1.5 billion in its last private funding round in 2021. The company had shown strong growth during the pandemic as remote work adoption accelerated, but ultimately decided to join Atlassian rather than pursue an independent public offering.
Frequently Asked Questions
Has Loom had an IPO?
No, Loom never had an IPO. The company was acquired by Atlassian in October 2023 for approximately $975 million before it could go public.
When is the Loom IPO date?
There is no Loom IPO date because the company was acquired by Atlassian in 2023. Loom is now part of Atlassian's product ecosystem rather than an independent public company.
How can I buy Loom stock?
You cannot buy Loom stock directly since it was acquired by Atlassian. However, you can buy shares of Atlassian (NASDAQ: TEAM), which now owns Loom and its technology.
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