Report: Bainbridge Island’s Avalara could go public

gI_113668_PrimaryLogo_Tagline_RGB_Bainbridge Island tax software company Avalara could soon go public, according to Emily Parkhurst of the Puget Sound Business Journal.

Parkhurst reports the company is preparing to file an S-1 form with the Securities and Exchange Commission, a first step toward trading stock publicly.

As she notes, Avalara recently raised capital from its existing investors and could be poised for rapid growth as more Internet retailers are required to collect sales tax. The company is even working with Bitcoin.

Avalara provides software for sales tax calculation and compliance.

Read the full PSBJ story here.

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