Kaltura, which provides live and on-demand video SaaS solutions, announced terms for its IPO on Monday.
The New York, NY-based company plans to raise $150 million by offering 15 million shares at a price range of $9 to $11. At the midpoint of the proposed range, Kaltura would command a fully diluted market value of $1.4 billion.
Kaltura originally filed for an IPO this past March and planned to raise $353 million by offering 23.5 million shares at a price range of $14 to $16. The company postponed later that month, but revived its IPO plans in May.
Kaltura was founded in 2006 and booked $132 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol KLTR. Goldman Sachs, BofA Securities, Wells Fargo Securities, and Deutsche Bank are the joint bookrunners on the deal. It is expected to price during the week of July 19, 2021.
