Confluent (CFLT) IPO Prices at $36

June 23, 2021 6:07 PM EDT
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Price: $41.54 +6.00%

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Confluent, Inc. (NASDAQ: CFLT) 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.

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.

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