Windfall for Dublin-based Zendesk staff after IPO
Published 17/05/2014 | 02:30
The US company, which opened an office in Dublin's Silicon Docks last November, employs about 25 people here.
Zendesk floated yesterday at a price of $9 (€6.60), which quickly rose to $13 (€9.50), boosting the company's value by €204m in the space of a few hours. The IPO raised €73m in cash for the company.
While a spokesman declined to comment, the company offers stock options to staff in line with standard hiring practices for international tech firms located in Dublin.
Zendesk, which is an emerging competitor for customer software giant Salesforce.com, doubled its revenue to €52.6m in 2013 while making a loss of €16m.
The company was founded in Denmark and is now headquartered in San Francisco. It employs 500 people worldwide, with Dublin one of its fastest-growing offices. It currently has 10 positions it is seeking to fill at its Silicon Docks office.