BREAKING — Qlik on Thursday uncovered that it is organizing an preliminary community inventory supplying.
The analytics seller, founded in 1993 and based in King of Prussia, Penn., was a publicly-traded organization from January 2012 until August 2016 when it was acquired by private equity expenditure agency Thoma Bravo and taken private.
At the time of its acquisition, Qlik’s inventory was valued at $thirty.50 for each share. Thoma Bravo, which is based in Miami and at this time has about $70 billion of belongings below administration, obtained Qlik for $3 billion.
In 2021, Thoma Bravo acquired data high quality seller Talend. The keeping organization owns 66 tech sellers.
Qlik unveiled its prepared return to the community markets by confidentially distributing a draft registration statement with the U.S. Securities and Exchange Fee .
In its statement, Qlik did not suggest a quantity of shares to be made available or a potential price tag variety for its inventory.
In addition, no timetable was provided for the IPO. The SEC will have to initial entire a critique method, and Qlik observed that the potential IPO continues to be subject to market and other circumstances.
Qlik’s potential IPO will come at a time when traders are placing major valuations on data and analytics sellers.
Information cloud seller Snowflake established a record for engineering providers by increasing $3.four billion in its IPO in September 2020. Informatica a short while ago raised $840 in its return to the community markets soon after, like Qlik, currently being taken private. Databricks raised $one.six billion in enterprise funds funding in August 2021.
And the stocks of publicly-traded sellers like MicroStrategy and Domo have soared considering that the commence of the COVID-19 pandemic.
Far more reporting on this story to comply with.