Avalara (AVLR) Company raised $180 million in in Opening Trade, Shares opened at $35 after pricing at $24 in the company’s total $180 million IPO.
CEO of Avalara, Scott McFarlane (co-founded the company in 2004) told CNBC’s “Squawk Alley” on Friday that in the next seven to 12 years, sales tax will have to be entirely automated.”
Avalara is a cloud-based software platform that delivers compliance solutions and sales tax automation services. It offers integration with software makers like Oracle, Stripe, etc. Avalara’s headquarters is in Seattle, Washington.