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GitLab is being valued at more than $6 billion in secondary share sale



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The founders of GitLab, Dmitriy Zaporozhets and Sid SijbrandijGitLabGitLab, a site that helps developers share and manage code, is letting some employees sell a portion of their equity in an offering that values the company at over $6 billion, according to people familiar with the matter.That’s more than double GitLab’s $2.7 billion valuation from September 2019, when it raised almost $270 million in a round led by Goldman Sachs and Iconiq Capital. The share sale allows employees to get some liquidity ahead of an expected public market debut next year, said the people, who asked not to be named because the transaction is …

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