Trends
KKR-backed OneStream shareholders seek $466M in US IPO
OneStream, in partnership with shareholders including KKR, is seeking to raise $465.5 million through a US initial public offering.
Headline
OneStream, in partnership with shareholders including KKR, is seeking to raise $465.5 million through a US initial public offering.
Context
OUR TAKE OneStream Corporation is launching an initial public offering to raise $465.5 million at a valuation that could reach approximately $4.4 billion. The offering includes 24.5 million shares priced between $17 and $19. The move is significant not only because of OneStream’s significant financial turnaround, which has reduced significant losses while increasing revenues, but also because it reflects a broader market recovery. The IPO, led by leading institutions including Morgan Stanley and JPMorgan, is expected to be listed on the Nasdaq under the symbol OS. — Heidi Luo , BTW reporter OneStream, a cloud-based software provider specialising in financial planning and operational analytics, has announced an initial public offering (IPO) to raise $465.5 million. The company plans to offer 24.5 million shares at a price range of $17 to $19 per share.
Evidence
Pending intelligence enrichment.
Analysis
OneStream is responsible for marketing 18.1 million of these shares, while the remaining 6.4 million will be offered by existing shareholders. The IPO valuation could rise to around $4.4 billion if the shares reach the upper end of the price range, according to details in the Securities and Exchange Commission (SEC) filing . Financially, OneStream has shown commendable improvement over the past year, with net losses reduced to $29 million from a previous $65 million, while revenues jumped to $375 million from $279 million in 2022. Also read: Northern Data’s AI IPO looks set to hit $16 billion Also read: Tempus AI’s IPO: investor confidence in genomics diagnostics
Key Points
- OneStream, in partnership with shareholders including KKR, is seeking to raise $465.5 million through a US initial public offering (IPO).
- Priced between $17 and $19 per share, OneStream’s IPO reflects an ambitious valuation amid a reviving US IPO market.
Actions
Pending intelligence enrichment.
