Financial planning SaaS unicorn Anaplan increases proposed IPO deal size

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Anaplan, which provides cloud-based enterprise software for financial and operations planning, raised the proposed deal size for its upcoming IPO on Wednesday.

The San Francisco, CA-based company now plans to raise $248 million by offering 15.5 million shares at a price range of $15 to $17. The company had previously filed to offer 15.5 million shares at a range of $13 to $15. At the midpoint of the revised range, Anaplan will raise 14% more in proceeds than previously anticipated.

Anaplan was founded in 2008 And booked $200 million in revenue for the 12 months ended July 31, 2018. It plans to list on the NYSE under the symbol PLAN. Goldman Sachs, Morgan Stanley and Barclays are the joint bookrunners on the deal. It is expected to price during the week of October 8, 2018.

The article Financial planning SaaS unicorn Anaplan increases proposed IPO deal size originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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