closed a $12 million pre-IPO round<\/a> led by Blackbird Ventures to give the company \u201cflexibility\u201d during the listing process, following a $15.5 million funding round last year.<\/p>\nThe Melbourne-based tech company now has 158 employees and facilitated $80.6 million worth of transactions in the last half year, with 1.25 million purchases made through the site.<\/p>\n
Laying the groundwork<\/h3>\n
Despite being prepared for a long haul, Hosking says it was still surprising how much work was involved with the public listing, and advises other young startups to lay the groundwork early on.<\/p>\n
\u201cAs a company we had already put in place good governance, but the level of work above that was high,\u201d he says.<\/p>\n
\u201cI don\u2019t think the IPO would have been possible if we hadn\u2019t done all that pre-work.<\/p>\n
\u201cIt\u2019s good for companies to continue to improve on their governance structures and continue to recognise that it\u2019s important.<\/p>\n
“In the early days you\u2019ll have an enormous degree of variability and that\u2019s absolutely fine, but you still need to be thinking about it.\u201d<\/p>\n
Follow StartupSmart on Facebook, Twitter, LinkedIn and SoundCloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Melbourne startup Redbubble has successfully completed a $40 million IPO and is now valued at $288 million, proving that a<\/p>\n","protected":false},"author":1,"featured_media":59582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43827"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=43827"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59582"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=43827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=43827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=43827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}