BREAKING — Qlik on Thursday revealed that it is planning an initial public stock offering.
The analytics vendor, founded in 1993 and based in King of Prussia, Penn., was a publicly-traded company from January 2012 until August 2016 when it was acquired by private equity investment firm Thoma Bravo and taken private.
At the time of its acquisition, Qlik’s stock was valued at $30.50 per share. Thoma Bravo, which is based in Miami and currently has about $70 billion of assets under management, purchased Qlik for $3 billion.
In 2021, Thoma Bravo acquired data quality vendor Talend. The holding company owns 66 tech vendors.
Qlik unveiled its planned return to the public markets by confidentially submitting a draft registration statement with the U.S. Securities and Exchange Commission .
In its statement, Qlik did not propose a number of shares to be offered or a potential price range for its stock.
In addition, no timetable was given for the IPO. The SEC must first complete a review process, and Qlik noted that the potential IPO remains subject to market and other conditions.
Qlik’s potential IPO comes at a time when investors are placing significant valuations on data and analytics vendors.
Data cloud vendor Snowflake set a record for technology companies by raising $3.4 billion in its IPO in September 2020. Informatica recently raised $840 in its return to the public markets after, like Qlik, being taken private. Databricks raised $1.6 billion in venture capital funding in August 2021.
And the stocks of publicly-traded vendors like MicroStrategy and Domo have soared since the start of the COVID-19 pandemic.
More reporting on this story to follow.