Enterprise software firm Informatica files for U.S. IPO

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October 1, 2021 4:54 PM EDT

FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo

(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 https://www.reuters.com/article/us-informatica-m-a-idUSKBN0MY14820150407 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.

(Reporting by Niket Nishant in Bengaluru;Editing by Vinay Dwivedi)


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