Data analytics firm Qlik confidentially files for US IPO – Software

Facts analytics platform Qlik has confidentially filed paperwork with US regulators for an preliminary community presenting, marking the initially ways for its return to community marketplaces around six many years following it was acquired by buyout business Thoma Bravo.

Qlik agreed to be taken personal by Thoma Bravo in 2016 via a approximately US$3 billion (A$four.2 billion) offer, following becoming pressured by activist hedge fund Elliott Administration.

The corporation delivers analytics, knowledge visualization and intelligence answers via a cloud platform to more than 50,000 company customers, such as PayPal Holdings, Airbus, BP  and England’s National Wellness Service.

Qlik’s transfer to go community will come at a time when need for cloud-based analytics and intelligence company software program answers has noticed a major uptick as worldwide firms transfer to a fully distant or hybrid working design thanks to the Covid-19 pandemic.

Firms confidentially file for an IPO with regulators in an effort and hard work to maintain their financials concealed from opponents until eventually the regulator testimonials the paperwork.