Talend, which provides an open source data integration platform, announced terms for its IPO on Monday.
The Suresnes, France-based company plans to raise $84 million by offering 5.3 million shares at a price range of $15 to $17. Insiders intend to purchase $13 million worth of shares (15% of the deal size) in the offering. At the midpoint of the proposed range, Talend would command a fully diluted market value of $476 million.
Talend was founded in 2006 and booked $82 million in sales for the 12 months ended March 31, 2016. It plans to list on the Nasdaq under the symbol TLND. Goldman Sachs, J.P. Morgan, Barclays and Citi are the joint bookrunners on the deal. It is expected to price during the week of July 25, 2016.
