Talend Announces Possible Pricing for IPO

By Chris Lange Updated Jan 13, 5:52AM EST · Published Jul 11, 1:35PM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Talend Announces Possible Pricing for IPO — © Thinkstock

Talend has filed an amended Form F-1 with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company expects to price its 5.25 million American depositary shares (ADSs) in the range of $15 to $17 per share, with an overallotment option for an additional 787,500. Each ADS in this offering will represent one of Talend’s ordinary shares. At the maximum price, the entire offering is valued up to $102.64 million. The company intends to list its ADSs on the Nasdaq Global Market under the ticker symbol TLND.

The underwriters for the offering are Goldman Sachs, JPMorgan, Barclays, Citigroup and William Blair.

This company’s mission is to enable every organization to harness the power of their data. Its software platform, Talend Data Fabric, integrates data and applications in real time across modern big data and cloud environments, as well as traditional systems, allowing organizations to develop a unified view of their business and customers across organizational and technology silos.

[nativounit]

Talend is a key enabler of the data-driven enterprise, where data is becoming a strategic asset. Talend Data Fabric allows customers in any industry to improve business performance by using their data to create new insights and to automate business processes. Customers rely on this software to better understand their customers, improve customer service, detect fraud, and predict equipment maintenance needs.

In the filing, the company detailed its finances as follows:

For the year ended December 31, 2015, our total revenue was $76.0 million, including $62.7 million of subscription revenue that grew 39% year-over-year on a constant currency basis (27% year-over-year on an actual currency basis). We experienced net losses of $22.0 million and negative free cash flow of $10.8 million for the year ended December 31, 2015 as we continued to invest in growing our business. For the quarter ended March 31, 2016, our total revenue was $22.8 million, including $19.3 million of subscription revenue that grew 42% year-over-year on a constant currency basis (40% year-over-year on an actual currency basis). We experienced a net loss of $5.3 million and positive free cash flow of $1.7 million for the quarter ended March 31, 2016.

The company intends to use the net proceeds from the offering primarily for general corporate purposes, including working capital, sales and marketing activities, research and development activities, general and administrative matters and capital expenditures, as well as to pay the entire outstanding balance under its credit facility with Square 1.

[wallst_email_signup]

About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.