Qlik planning an IPO, files application with the SEC

BREAKING — Qlik on Thursday uncovered that it is arranging an initial general public inventory providing.

The analytics vendor, started in 1993 and primarily based in King of Prussia, Penn., was a publicly-traded corporation from January 2012 until August 2016 when it was acquired by private fairness expense business Thoma Bravo and taken private.

At the time of its acquisition, Qlik’s inventory was valued at $thirty.50 per share. Thoma Bravo, which is primarily based in Miami and at present has about $70 billion of belongings underneath administration, bought Qlik for $3 billion.

In 2021, Thoma Bravo acquired info quality vendor Talend. The holding corporation owns sixty six tech distributors.

Qlik unveiled its prepared return to the general public marketplaces by confidentially submitting a draft registration assertion with the U.S. Securities and Exchange Fee .

In its assertion, Qlik did not propose a variety of shares to be offered or a probable price range for its inventory.

In addition, no timetable was provided for the IPO. The SEC need to to start with finish a overview method, and Qlik mentioned that the probable IPO remains subject matter to market and other conditions.

Qlik’s probable IPO will come at a time when investors are positioning major valuations on info and analytics distributors.

Knowledge cloud vendor Snowflake set a report for know-how businesses by increasing $3.four billion in its IPO in September 2020. Informatica not long ago lifted $840 in its return to the general public marketplaces just after, like Qlik, being taken private. Databricks lifted $1.6 billion in undertaking capital funding in August 2021.

And the stocks of publicly-traded distributors like MicroStrategy and Domo have soared due to the fact the start off of the COVID-19 pandemic.

Extra reporting on this tale to follow.