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OneStream Software, a cloud-based corporate performance management platform provider, has successfully completed its initial public offering (IPO), raising $490 million. The company, backed by private equity firm KKR, priced its shares at $20 each, above the initially marketed range of $17 to $19. OneStream sold 24.5 million shares, with the stock closing at $26.85 on its first day of trading, representing a 34% increase from the IPO price.
Founded in 2010, OneStream offers a comprehensive suite of applications for financial planning, reporting, and analytics. The company has experienced significant growth, with over 1,400 customers worldwide, including more than 75 Fortune 500 companies. In 2023, OneStream reported revenue of $375 million, up from $279 million in 2022, demonstrating strong market demand for its solutions.
The successful IPO comes at a time when the U.S. IPO market is showing signs of recovery after a prolonged slowdown. OneStream's public debut is part of a broader trend of enterprise software companies going public, as investors seek exposure to high-growth technology firms with recurring revenue models.
OneStream plans to use the proceeds from the IPO to increase its capitalization and financial flexibility, potentially fueling further product development and market expansion. The company's strong performance and positive market reception suggest a favorable outlook for its future as a public entity, though investors will be closely watching its ability to maintain growth and profitability in the competitive enterprise software landscape.
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While OneStream's IPO timeline remains uncertain, investors interested in gaining exposure to innovative financial technology companies don't have to wait. At Linqto, we offer our members access to interests in promising pre-IPO private companies like OneStream. Our platform allows you to diversify your portfolio with lower minimum investments in potential industry leaders, giving you the opportunity to benefit from their growth before they go public. Explore how you can invest in the future of financial performance management and analytics through Linqto's user-friendly interface.
5 - Yahoo Entertainment - (Bloomberg) -- OneStream Inc. and a group of shareholders including KKR & Co. raised about $490 million in a US initial public offering, pricing its shares...
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
