Enterprise software firm Informatica files for U.S. IPO

  • 10/1/2021
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Oct 1 (Reuters) - 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 a consortium that included private equity firm Permira Advisers Ltd and Canada Pension Plan Investment Board (CPPIB). 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.

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