SoftBank-supported e-commerce software company VTEX files for IPO

By Josh Bakerman

E-commerce software company VTEX, which includes investors of Softbank Group Corporation, has launched its first public offering.

VTX reached $ 1.7 billion in September, raising $ 225 million in a row. The company’s investors include Riverside Capital and Tiger Global Management LLC.

VTEX intends to apply for VTEX in the New York Stock Exchange.

On the website, VTEX details Project N95’s overhaul of the market for defense equipment last year and plans to work with Motorola Solutions Inc. to launch websites in 39 countries.

Last year, the company’s revenue rose 61% to $ 98.7 million.

Write to Josh Bakerman at josh.beckerman@wsj.com

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