Evernote seeks IPO next year

Evernote seeks IPO in 2012

We’re big fans of Evernote here at IntoMobile so it’s nice to hear that it’s growing at such a rapid pace that the company is now eyeing an Initial Public Offering next year.

“If everything goes relatively smoothly over the next year and a half, I can see us filing our paperwork by the end of next year. If everything doesn’t go smoothly, that’s fine with me and (we) could delay it, but there’s no rush,” CEO Phil Libin told Reuters.

The idea behind Evernote is simple: make it easy to get your notes everywhere you are and on any device. Thanks to its stellar range of apps and its push into the collaboration space, Evernote generated $16 million in annualized revenues over the last 12 months and that’s growing by 300 percent.

The Evernote apps have been its best weapons, as it is signing up 40,000 new users per day and more than 70 percent of users access the service through an iOS or Android app. It’s clear that this is a mobile-first company and it will be interesting to see how it and other app-centric companies like Rovio fare as public companies.

I wish the best for Evernote and kind of hope it does succeed as its own public company – far too often, we see app makers who are just looking to make a quick buck or secure an exit, so it’s refreshing to see a company trying to build a 100-year company with a mobile-first mindset.

[Via Reuters]

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