Mu Sigma Plans Nasdaq Listing by 2019

The Business Blog

NASDAQ

On April 21st, Mu Sigma, a data analytics outsourcing firm by Sequoia Capital, announced its plan to achieve a Nasdaq initial public offering within four years as the company seeks to tap into the demand for processing the vast amounts of information companies gather.

The Chicago-based company aims to increase annual sales to $1 billion within five to seven years from about $250 million currently, according to their founder and CEO Dhiraj Rajaram. At their present rate, Mu Sigma is boosting its revenue roughly 6–7% every month.

Mu Sigma has attracted a great deal of investment, finding funding most notably from Sequoia Capital and General Atlantic. These companies have strong ties to Mu Sigma, with Shailendra Singh of Sequoia Capital and Gary Reiner of General Atlantic on Mu Sigma’s board of directors. William Ford, the CEO of General Atlantic, was formerly on the Mu Sigma board…

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