Splunk, Inc. is into software platforms to help companies and other organizations gain a real-time operational intelligence structure. It now has ambitions of becoming a public company. This was not one of our Top 17 IPOs to Watch in 2012 but it is a company worth tracking.
No financial terms were outlined at all, but the filing is initially for up to $125 million in sales of common stock. That can change to an amount far higher or far lower depending upon developments and depending upon market conditions. The usual general corporate purposes included capital spending in the use of proceeds.
Splunk will trade under the stock ticker ‘SPLK’ (no exchange formally selected) and it looks like it has made provisions for share sales by the company and by selling stockholders. Its own further description noted as follows:
“Our software collects and indexes data at massive scale, regardless of format or source, and enables users to quickly and easily search, correlate, analyze, monitor and report on this data, all in real time. Our software addresses the risks, challenges and opportunities organizations face with increasingly large and diverse data sets, commonly referred to as big data, and is specifically tailored for machine-generated data.”
As of October 31, 2011, Splunk over 3,300 customers including a majority of the Fortune 100 like BofA, Comcast, salesforce.com and Zynga, which pay license fees based on their estimated indexing capacity needs.
Read Also: Top IPOs to Watch in 2012
Joint book-runners in the offering are listed as Morgan Stanley, Credit Suisse Securities, J.P. Morgan Securities, and BofA/Merrill Lynch. Other co-managers in the underwriting group are listed as UBS Securities, Pacific Crest Securities, and Cowen & Co.
Here are some of its financial details:
- FISCAL SALES: $18.2 million in 2009, $35.0 million in 2010, and 66.2 million in 2011.
- NET LOSSES: -$14.8 million in 2009, -$7.5 million in 2010, and -$3.8 million in 2011.
- For the first nine months of fiscal 2011 and fiscal 2012, revenues were $43.5 million and $77.8 million, respectively, and the net loss was $2.0 million and $9.7 million, respectively.
Here is Splunk’s full S-1 Filing.
JON C. OGG
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