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Sources: GitLab is letting employees sell equity in a secondary share sale that values the company over $6B, up from a valuation of $2.7B in September 2019

- GitLab competes with GitHub, which Microsoft acquired in 2018 for $7.5 billion.  — The company had originally aimed to go public …

CNBC Ari Levy

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  • @amontalenti Andrew Montalenti on x
    “GitLab was uniquely prepared for the pandemic. The company has been fully remote, without offices, since its founding in 2012. Its 1,300-plus employees in more than 65 countries have long been connecting from home via Zoom, Slack and other tools.” https://www.cnbc.com/...
  • @mattrosoff Matt Rosoff on x
    That's more than double its valuation from a year ago. Hot times for developer technology: https://www.cnbc.com/...
  • @levynews Ari Levy on x
    GitLab valued at over $6 billion in secondary share sale — the latest software company to let employees get some pre-IPO liquidity https://www.cnbc.com/...