Appian, which provides software for app development and business process management, filed on Thursday with the SEC to raise up to $86 million in an initial public offering.
The Reston, VA-based company was founded in 1999 and booked $135 million in sales for the 12 months ended March 31, 2017. It plans to list on the Nasdaq under the symbol APPN. Appian filed confidentially on February 17, 2017. Morgan Stanley, Goldman Sachs and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
