CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Informatica sets terms of near-$9bn market return

By Joyanta Acharjee

15:39, 18 October 2021

Image of computer screen with colourful raw software code
Cloud-based Californian data software firm Informatica has set terms for an initial public offering – Photo: Shutterstock

Software firm Informatica has set terms for its initial public offering (IPO), which could see the company valued by as much as $8.8bn (£6.4bn, €7.6bn).

The Redwood City, California-based data software company is offering 29 million shares in the IPO at between $29 and $32 per share. It has granted the underwriters an option for a period of 30 days to purchase up to 4,350,000 additional shares of Class A common stock at the IPO price, less the underwriting discount.

The stock will trade on the New York Stock Exchange under the ‘INFA’ ticker.

Cloud-based data management

Informatica offers cloud-based data management software, and counts companies such as CVS and Kroger among its 5,700 active customers. The main source of its revenues are subscriptions to its software services.

For the six months ended June 30, 2020 and 2021, net loss was $103m and $36m, respectively, and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was $168m and $175m, respectively. 

XRP/USD

0.54 Price
+2.520% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.00486

BTC/USD

27,212.00 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 60.00

Oil - Crude

71.98 Price
+2.450% 1D Chg, %
Long position overnight fee -0.0201%
Short position overnight fee -0.0018%
Overnight fee time 21:00 (UTC)
Spread 0.04

US100

14,557.80 Price
+0.640% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 3.0

The company is headed by chief executive Amit Walia, who has been with the company since 2013. He previously worked at financial software firm Intuit, Tata Group and Infosys Technologies in India, and anti-virus company Symantec.

What is your sentiment on CVS?

70.06
Bullish
or
Bearish
Vote to see Traders sentiment!

Made private in $5.3bn deal

Informatica became private in 2015 in a transaction valued at $5.3bn by a consortium that included private equity firm Permira Advisers and the Canada Pension Plan Investment Board.

Goldman Sachs and JP Morgan are the lead underwriters for Informatica’s IPO.

Read more: Gitlab IPO: Should you buy the software stock for growth?

Markets in this article

CVS
CVS
70.06 USD
1.13 +1.640%
KR
The Kroger Co.
45.96 USD
1.22 +2.730%
KR
The Kroger Co.
45.96 USD
1.22 +2.730%

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading