IPO-pedia | Data firm Informatica eyes $8 bln valuation in IPO
Data-management software provider Informatica sold 29 million shares for $29 each to raise $841 million, according to a statement.
The company had marketed the shares for $29 to $32. According to Bloomberg, the listing gives Informatica a market value of about $7.9 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are leading the offering. The company’s shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol INFA.
![IPO-pedia | Data firm Informatica eyes $8 bln valuation in IPO](https://ussnsimg.moomoo.com/5566936258785393602.png/bigmoo)
Business Overview
$Informatica(INFA.US$ , founded in 1993, is based in Redwood City, California.The company pioneered a new category of software, the Intelligent Data Management Cloud, or IDMC.
IDMC is an AI-powered platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies.
![IPO-pedia | Data firm Informatica eyes $8 bln valuation in IPO](https://ussnsimg.moomoo.com/6991396582189232272.png/bigmoo)
The platform enables enterprises to create a single source of truth for their data, automate data operations across enterprise-wide business processes like supply chain management, financial planning and operations, and provide governed and secure data access to their employees.
The AI engine, CLAIRE, could help customers access better data faster, make contextual recommendations about data relationships, uncover novel insights about their business and automate previously manual tasks.
![IPO-pedia | Data firm Informatica eyes $8 bln valuation in IPO](https://ussnsimg.moomoo.com/4288967991532768274.png/bigmoo)
The company transformed from a primarily perpetual license and maintenance revenue model to a primarily subscription-based revenue model.
It increased its addressable market significantly and scaled the subscription revenue from $118 million in 2016, to $594 million in 2020 and to $324 million for the six months ended June 30, 2021.
In the meanwhile, the subscription revenue has grown from 31% of total software revenue in 2016, to 90% in 2020 and to 95% during the six months ended June 30, 2021.
![IPO-pedia | Data firm Informatica eyes $8 bln valuation in IPO](https://ussnsimg.moomoo.com/5881806920911958090.png/bigmoo)
As of June 30, 2021, the company had approximately 5,700 customers in over 100 countries and territories worldwide.
Such customers include 9 of the Fortune 10, 84 of the Fortune 100, and 923 of the Global 2000, which customers collectively accounted for approximately half of the company's revenue in 2020.
Financial Performance
For the years ended December 31, 2018, 2019 and 2020, Informatica'srevenue was $1,228 million, $1,307 million, and $1,323 million, respectively.
The company had a net loss of $36 million on revenue of $676 million for the six months of June 30, compared with a loss of $103 million on revenue of $619 million a year earlier, according to the filings.
![IPO-pedia | Data firm Informatica eyes $8 bln valuation in IPO](https://ussnsimg.moomoo.com/1024645157111958399.png/bigmoo)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
CST Lets get It : Very Informative.....