Email Marketing Company SendGrid Goes Public

  • SendGrid raised $131 million in its IPO, selling more 8.2 million shares at $16/share (both were above the expected range showing great demand)
  • SendGrid helps businesses confirm e-mail addresses and password reminders
  • The company has said that it processed over 1 trillion e-mails and currently processes over 1 billion e-mails per day
  • On the first day of trading, SendGrid’s stock appreciated in value by 13%