Coupa, which is among the top three in spend management software, is expected to reverse its losing trend with the IPO that's seen to raise $75 million.

Tech Crunch said the news regarding Coupa is surprising considering that every company has been shying away from going public because of the recent financial market woes, as well as the uncertainty in the upcoming elections.

Coupa has already announced the IPO under the ticker COUP, which signals its intention to join the stock market.

The news article pointed out that the fear about Donald Trump winning and wreaking havoc on the stock market is the main reason why companies are advised against the IPO.

The company, described as a "unicorn," which means privately owned worth $1 billion, is on a losing trend after reporting a loss of $24.3 million in July of 2016 against $25.1 million in losses last year. Revenues, meanwhile, grew $31.6 million in six months ending July this year.

In June 2015, Coupa raised about $80 million during an IPO, backed by Mohr Davidow Ventures, Battery Ventures, El Dorado Ventures and Blue Run Ventures, among others.

Nevertheless, Coupa won't be the first tech company to go public this year. There was Twilio, producer of cloud communications software, already announced an IPO in June 2016 and raised $150 million, while Talend went public in July to raise $95 million. Their IPOs were very successful as stocks fetched above the market price.

Fortune said that the news about Coupa going public is nothing new as the company already hinted something like this in July this year.