Credit: Shutterstock photoAppian, which provides software for app development and business process management, filed on Thursday with the SEC to raise up to $86 million in an initial public offering.
The Reston, VA-based company was founded in 1999 and booked $135 million in sales for the 12 months ended March 31, 2017. It plans to list on the Nasdaq under the symbol APPN. Appian filed confidentially on February 17, 2017. Morgan Stanley, Goldman Sachs, Barclays, Pacific Crest, Canaccord Genuity and Cowen & Company are the joint bookrunners on the deal. No pricing terms were disclosed.
The article An app for apps: Application software development platform Appian files for a $86 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
