Informatica Announces Pricing for IPO
Redwood City, California | October 2021
Informatica, an enterprise cloud data management leader, today announced the pricing of its initial public offering of 29,000,000 shares of its Class A common stock at a public offering price of $29.00 per share. The shares are expected to begin trading on the New York Stock Exchange on October 27, 2021, under the ticker symbol “INFA” and the offering is expected to close on October 29, 2021, subject to the satisfaction of customary closing conditions.
Informatica originally went public in 1999 and was later taken private in 2015 by an investor consortium led by Permira and Canada Pension Plan Investment Board. The deal valued the Company at $5.3 billion. L Capital invested via a special purpose vehicle.
Informatica, an enterprise cloud data management leader, empowers businesses to realize the transformative power of data. We have pioneered a new category of software, the Informatica Intelligent Data Management CloudTM (IDMC), powered by AI and a cloud-first, cloud-native, end-to-end data management platform that connects, manages and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies. Customers in more than 100 countries and 84 of the Fortune 100 rely on Informatica to drive data-led digital transformation.