Splunk, a data gathering and analysis company, priced its IPO at $17.00 per share, opened trading at $31.98 (for an opening pop of over 88%), and closed its first day of trading at $35.48 for a first day increase of over 108%. Splunk's IPO is impressive, and bodes well for the broader technology IPO market, including Facebook's IPO expected in May.
Splunk's IPO raised $230 million, with $212.6 million going to the company and $16.9 million going to selling shareholders. At the closing price, Splunk's market capitalization was $3.28 billion.
Morgan Stanley was the "lead left" manager of the offering, and was joined by Credit Suisse, JP Morgan and BofA Merrill Lynch as joint book-running managers and UBS, Pacific Crest Securities and Cowen and Company as co-managers of the offering.
Venture capital investors in Splunk include Sevin Rosen (17.7% post-IPO ownership), August Capital (17.7%), JK&B Capital (15.2%), Ignition Partners (10.5%) and Technology Crossover Ventures.
Links:
Splunk's IPO press release: http://www.splunk.com/view/SP-CAAAGW7
Splunk's latest S-1A filing (prospectus not available at time of posting): http://www.sec.gov/Archives/edgar/data/1353283/000104746912004425/a2208909zs-1a.htm
Splunk's IPO raised $230 million, with $212.6 million going to the company and $16.9 million going to selling shareholders. At the closing price, Splunk's market capitalization was $3.28 billion.
Morgan Stanley was the "lead left" manager of the offering, and was joined by Credit Suisse, JP Morgan and BofA Merrill Lynch as joint book-running managers and UBS, Pacific Crest Securities and Cowen and Company as co-managers of the offering.
Venture capital investors in Splunk include Sevin Rosen (17.7% post-IPO ownership), August Capital (17.7%), JK&B Capital (15.2%), Ignition Partners (10.5%) and Technology Crossover Ventures.
Links:
Splunk's IPO press release: http://www.splunk.com/view/SP-CAAAGW7
Splunk's latest S-1A filing (prospectus not available at time of posting): http://www.sec.gov/Archives/edgar/data/1353283/000104746912004425/a2208909zs-1a.htm
