Reuters exclusively reported that Houzz Inc, the U.S. online home remodeling platform that capitalized on the boom in renovations during the COVID-19 pandemic, has hired Goldman Sachs to prepare for an initial public offering. Houzz is aiming to go public early next year. The Palo Alto, California-based company was last valued at about $4 billion in a private funding round led by ICONIQ Capital. Houzz is among a spate of internet companies that benefited from people staying at home during the pandemic and shopping online. Pinterest Inc has attracted the acquisition interest of PayPal Holdings Inc, which made a $45 billion offer for the online scrapbook and photo-sharing website.
Technology
Reuters exclusively reports home remodeling platform Houzz hires Goldman for IPO
21 October 2021, 3:32 pm 1 minute
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story