Billion-Dollar Unicorns: Avalara Delivers A Strong IPO

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About: Avalara, Inc. (AVLR)
by: Sramana Mitra
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Summary

The stock has been doing well since it listed at $24 apiece.

It's currently trading at $49.59 with a market capitalization of $3.3 billion.

It soared to $59.40 earlier last week.

Earlier last month, financial technology Billion-Dollar Unicorn Avalara (NYSE:AVLR) went public. While it has been a very short run so far, the stock has done rather well. The company estimates its US addressable