Anaplan, which provides cloud-based enterprise software for financial and operations planning, announced terms for its IPO on Monday.
The San Francisco, CA-based company plans to raise $217 million by offering 15.5 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Anaplan would command a fully diluted market value of $2.0 billion.
Anaplan was founded in 2008 and booked $200 million in revenue for the 12 months ended July 31, 2018. It plans to list on the NYSE under the symbol PLAN. Goldman Sachs, Morgan Stanley and Barclays are the joint bookrunners on the deal. It is expected to price during the week of October 8, 2018.
