Enterprise software developer Informatica Inc on Friday filed for an initial public offering in the United States, paving the way for a return to the public markets more than six years after being taken private in a $5.3 billion deal.
The Redwood City, California-based company, which follows a subscriptions-based model, was taken private by here a consortium that included private equity firm Permira Advisers Ltd and Canada Pension Plan Investment Board (CPPIB).
Free Webinar: Scaling up – Embarking on Digital Transformation in Private Equity
- How data analytics can create efficiencies within Private Equity
- The most beneficial ways for firms to digitise and what major risks that are involved
- How will digitisation affect the future of Private Equity
Informatica, which will list on the New York Stock Exchange, recorded a 1% jump in revenue to nearly $1.32 billion in 2020. Net loss last year narrowed to $168 million from $183 million a year earlier.
The IPO is being led by a syndicate of banks headed by Goldman Sachs & Co and J.P. Morgan.
Source: Reuters
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...