Reuters exclusively reports home remodeling platform Houzz hires Goldman for IPO

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.