Kaltura, which provides live and on-demand video SaaS solutions, raised $150 million by offering 15 million shares at $10, within the range of $9 to $11.
Kaltura's Video Experience Cloud offers live, real-time, and on-demand video products including Video Portal, Town Halls, Video Messaging, Webinars, Virtual Events, and Meetings. It also offers specialized industry solutions, including Learning Management System Video, Lecture Capture, and Virtual Classroom for educational institutions, as well as a TV Solution for media and telecom companies. In 2020, more than 15 million authenticated users interacted with its products and solutions, and as of March 31, 2021, the company had approximately 1,000 customers, including 25 of the Fortune 100 and more than 50% of US R1 educational institutions.
Kaltura plans to list on the Nasdaq under the symbol KLTR. Goldman Sachs, BofA Securities, Wells Fargo Securities, and Deutsche Bank acted as joint bookrunners on the deal.
The article Video SaaS provider Kaltura prices IPO at $10 midpoint originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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