Will Gusto IPO happen? How to buy the HR software firm's stock?

3 min read | December 14, 2021 02:25 AM EST | By Raza Naqvi

Will Gusto IPO happen?

There's no official announcement from Gusto about its public debut plans. However, it could go public next year to raise funds and expand business operations.

How to buy Gusto stock?

Started as ZenPayroll in 2012, Gusto serves more than 200,000 companies and their members. The company transacts billions of dollars of payroll every year and provides several employees benefits.

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Notably, Gusto has developed an all-in-one platform for HR solutions like payroll, tax forms, calculations of deductions and filings, and direct deposit, among other things.

Investors cannot buy Gusto stock right now as it remains private. However, if the company chooses to go public, retail investors will likely get a chance to buy the pre-IPO stock of the HR software provider.

Bottom line

Gusto is a fast-growing company, and it benefited from the work-from-home situation.

In 2021, the company made two acquisitions- one was in June when it acquired Ardius, which is involved in the automation of tax compliance. Also Read: SenseTime IPO: Can you buy this stock if US blacklists this startup?

Meanwhile, in July, Gusto acquired Symmetry Software, which is a leading payroll infrastructure technology company.

Although the IPO is not certain, however, Gusto had reportedly added two new board members for a possible public debut.

According to Reportlinker, the global HR market size is estimated to reach US$ 43.29 billion by 2028, and during this period, the market could register a compound annual growth rate of 12.2 per cent.

In today's age, the adoption of HR software is expected to play an essential role in driving the market's growth, and companies like Gusto will most likely benefit from it.

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