Kaltura, which provides live and on-demand video SaaS solutions, postponed its IPO on Thursday. It had filed to raise $353 million by offering 23.5 million shares (26% secondary) at a price range of $14 to $16.
Kaltura's Video Experience Cloud offers live, real-time, and on-demand video products including Video Portal, Town Halls, Video Messaging, Webinars, Virtual Events, and Meetings. It also offers specialized industry solutions, including Learning Management System Video, Lecture Capture, and Virtual Classroom for educational institutions, as well as a TV Solution for media and telecom companies.
The New York, NY-based company was founded in 2006 and booked $120 million in revenue for the 12 months ended December 31, 2020. It had planned to list on the Nasdaq under the symbol KLTR. Goldman Sachs, BofA Securities, Wells Fargo Securities and Deutsche Bank were set to be the joint bookrunners on the deal.
