Enterprise software firm Informatica eyes nearly $9 billion valuation in U.S. IPO

[October 18, 2021]    (Reuters) - Enterprise software developer Informatica Inc said on Monday it was seeking a valuation of up to $9 billion at the top end of its price range in its U.S. initial public offering.

The company said it will be selling 29 million shares priced between $29 and $32 per share. At the top end of that range, the IPO will rake in $928 million in proceeds.

Redwood City, California-based Informatica, which follows a subscription-based model, was taken private by a consortium that included private equity firm Permira Advisers Ltd and Canada Pension Plan Investment Board.

Goldman Sachs & Co and J.P. Morgan are the lead underwriters for the IPO.

(Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M. and Shounak Dasgupta)

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