Confluent Announces Pricing of Initial Public Offering
- Stocks hit by China clampdown ahead of earnings-packed week
- Chinese Tech Stocks Crushed on Fresh Regulatory Pressure
- Nearly $1 Billion Bitcoin (BTC) Shorts Liquidated Today Amid Amazon (AMZN) Rumors
- Aon (AON) and Willis Towers Watson (WLTW) Mutually Agree to Terminate Combination Agreement
- Dollar edges lower with Fed in focus, cryptocurrencies jump
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Confluent, Inc., the platform for data in motion, today announced the pricing of its initial public offering of 23,000,000 shares of Class A common stock at a price to the public of $36.00 per share.
The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “CFLT” on June 24, 2021, and the offering is expected to close on June 28, 2021, subject to customary closing conditions.
Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, BofA Securities, and Citigroup are acting as lead book-running managers for the offering. Barclays, Credit Suisse, Deutsche Bank Securities, UBS Investment Bank, and Wells Fargo Securities are acting as additional book-running managers. Cowen, D.A. Davidson & Co., JMP Securities, KeyBanc Capital Markets, and Piper Sandler are acting as co-managers.
The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by telephone at 866-718-1649 or by email at email@example.com; or J.P. Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at firstname.lastname@example.org.
A registration statement relating to the sale of these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Confluent is pioneering a fundamentally new category of data infrastructure focused on data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion – designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organization. With Confluent, organizations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations.
Source: Confluent, Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HubSpot Inc (HUBS) PT Raised to 'Street High' $700 at BofA Securities
- MedinCell Announces the Initiation of Coverage of Its Stock by ODDO-BHF
- Ashley Lee, Associate General Counsel, Coca-Cola Bottlers’ Sales & Services Company, LLC, Receives National Bar Association’s 40 Under 40 Award
Create E-mail Alert Related CategoriesBusiness Wire, Press Releases
Related EntitiesCredit Suisse, Deutsche Bank, UBS, JPMorgan, Goldman Sachs, Citi, KeyBanc, Morgan Stanley, D.A. Davidson, JMP Securities, Barclays, Cowen & Co, Wells Fargo, IPO
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!