Credit: Shutterstock photoTalend, which provides an open source data integration platform, filed on Tuesday with the SEC to raise up to $86 million in an initial public offering.
Talend's IPO filing arrives less than a week after high-growth, VC-backed software provider Twilio ( TWLO ) raised $150 million in a US IPO. Twilio closed Tuesday up nearly 100% from its offer price.
The French company was founded in 2006 and booked $82 million in sales for the 12 months ended March 31, 2016. It plans to list on the Nasdaq under the symbol TLND. Talend filed confidentially on March 16, 2016. Goldman Sachs, J.P. Morgan, Barclays and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
The article The IPO market's hidden talent: Software provider Talend files for an $86 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
