Software companies are taking a step ahead this year when it comes to public offerings, and this one doesn’t want to bite the dust.
With offices in Palo Alto, Adaptive Insights offers according to its website: “A new generation of business planning software for finance and beyond”. In more precise words, this company provides larger solutions for firms in order to achieve active planning like financial reporting and complex (made simple) profit analysis.
With a 30 percent growth in each year since 2016, the company is taking advantage of its momentum and going public next week (June 11), and at the same time setting the terms for a possible $115 million IPO (initial public offering).
Working for clients like TuneIn, University of Arizona, A10, Arizona Cardinals, Specsavers, SFMOMA, Leukemia & Lymphoma Society, Konica Minolta, DHL and many others, analysts and journalists confirm that these partnerships and statistics are really promising and should not be ignored. Seems pretty obvious based on that accessible price per-share, and the plausible pool of $672 million that would boost its revenue multiple by four times.
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