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Confluent sets IPO terms, to raise up to $759 million

Dow Jones2021-06-16

Confluent Inc. has set terms of its initial public offering, which could value the California-based data infrastructure software company at up to $8.33 billion. The company is looking to raise up to $759 million in the IPO, as it is offering 23.0 million Class A shares and the IPO is expected to price between $29 and $33 a share. The stock is expected to list on the Nasdaq under the ticker symbol "CFLT." The company expects a total of 252.37 million Class A and Class B shares to be outstanding after the IPO. Morgan Stanley, J.P. Morgan and Goldman Sachs are the lead underwriters. Confluent reported a net loss of $229.8 million on revenue of $236.6 million in 2020, after a loss of $95.0 million on revenue of $149.8 million in 2019. The company is looking to go public at a time that the Renaissance IPO ETF $(IPO.UK)$ has lost 3.1% over the past three months while the S&P 500 has gained 7.2%.

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Comment13

  • Jasshw
    ·2021-06-16
    [Grin] 
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  • Mysteree
    ·2021-06-16
    Nice
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  • peterob1
    ·2021-06-16
    Up
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  • BH22
    ·2021-06-16
    Nice
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  • Damm
    ·2021-06-16
    nice
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  • JohnsonYeo
    ·2021-06-16
    Great news
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  • Whitepandaa
    ·2021-06-16
    ?
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  • Jntiew
    ·2021-06-16
    Wow
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  • Christyne
    ·2021-06-16
    Nice 
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  • 再等等吧
    ·2021-06-16
    [Observation] 
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  • Garytan80
    ·2021-06-16
    Good
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  • roushiro
    ·2021-06-16
    Wow
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  • Elzrael
    ·2021-06-16
    Awesome 
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