Anaplan is preparing to file confidentially for an initial public offering, signalling a potential public-market exit for Thoma Bravo nearly four years after the private equity firm took the software group private, according to a report by The Information.

The US-based enterprise planning software company was acquired by Thoma Bravo in 2022 in a deal valued at $10.4bn. Anaplan could submit its confidential IPO filing in the coming weeks, although its plans remain subject to change.

Details around the size of the offering and target valuation have not been disclosed. Thoma Bravo and Anaplan did not immediately respond to requests for comment.

Thoma Bravo has explored IPO routes for several portfolio companies in recent months, reflecting renewed private equity interest in public exits as equity markets stabilise after a volatile period.

Anaplan previously listed in 2018 before being taken private, making a return to the public markets a potential milestone in Thoma Bravo’s exit pipeline.

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