Altair Engineering, which provides enterprise-class engineering software, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
The Troy, MI-based company was founded in 1985 and booked $319 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol ALTR. Altair Engineering filed confidentially on June 16, 2017. J.P. Morgan, RBC Capital Markets and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
