Cloud spend management company Coupa files to raise $75 million in IPO

Coupa, a company that offers cloud services for managing invoices, expenses, inventory, and procurement, today filed preliminary paperwork to go public, revealing plans to raise $75 million. The company intends to trade on the NASDAQ Global Market under the symbol COUP. Joint bookrunners for the deal include Morgan Stanley, JP Morgan, Barclays, RBC Capital Markets, JMP Securities, and Raymond James.
Unlike other finance management software vendors, Coupa directs its internal salespeople to go af