Anaplan, which provides cloud-based enterprise software for financial and operations planning, raised the proposed deal size for its upcoming IPO on Wednesday.
The San Francisco, CA-based company now plans to raise $248 million by offering 15.5 million shares at a price range of $15 to $17. The company had previously filed to offer 15.5 million shares at a range of $13 to $15. At the midpoint of the revised range, Anaplan will raise 14% more in proceeds than previously anticipated.
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.
