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Confluent’s IPO: The Details You Need To Know

Rick Whiting

‘Data in motion’ software developer Confluent filed S-1 and amended S-1 documents with the U.S. Securities and Exchange Commission in recent weeks, providing information about the company’s financial performance, ownership and go-to-market plans in advance of its much-anticipated IPO. Here’s a deep dive into the details.

IPO Imminent

Confluent, one of the most successful big data startups in recent Silicon Valley history, is set to go public with some reports saying the Mountain View, Calif.-based company’s shares could begin trading as early as this Thursday, June 24.

The anticipation for Confluent’s IPO echoes last September’s blockbuster stock debut for Snowflake, which gave the data cloud service company a higher market cap than Dell and VMware.

Confluent filed its S-1 documentation with the U.S. Securities and Exchange Commission on June 1, disclosing for the first time a great deal of information about the company including its financial performance and its ownership. On June 16 the company filed an amended S-1 (S-1/A) with additional information including the number of shares it planned to offer, at what price range and on what stock exchange.

Here’s a look at some of the key details in the Confluent IPO documents.

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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