Israel's monday.com eyes over $6 bln valuation in US IPO

JURESULEUM (Reuters) - Israeli work management company monday.com is aiming for a valuation of more than $6 billion in its US initial public offering, according to a regulatory filing on Tuesday.

The company, with backers including venture capital firm Sapphire Ventures and investment manager Hamilton Lane, plans to sell 3.7 million shares for $125 to $140 apiece, raising up to about $518 million. 

Salesforce.com's investment arm and Zoom Video Communications have each agreed to buy $75 million of monday.com's shares in a private placement, the company said.

monday.com was valued at $2.7 billion after its last funding round, Bloomberg News reported in May last year. 

Goldman Sachs, J.P. Morgan, Allen & Co and Jefferies are among the underwriters for monday.com's IPO. It will list on Nasdaq under the symbol "MNDY".