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Search company Elastic files for a $100 million IPO

September 5, 2018
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Elastic, which provides open-source data search and visualization software, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The Mountain View, CA-based company was founded in 2012 and booked $185 million in revenue for the 12 months ended July 30, 2018. It plans to list on the NYSE under the symbol ESTC. Goldman Sachs, J.P. Morgan, Barclays, RBC Capital Markets, BofA Merrill Lynch, Citi and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.