It’s been an awfully slow first half of the year as far as IPO activity goes, especially in the technology sector. Big data startup Talend attempted to change that trend with its $95 million initial public offering on Friday.
The stock, which trades under the ticker “,” was priced at $18 per share, a dollar above its previously announced range. Talend made 5,250,000 shares available during its first day of trading, and the stock opened at $27.66 per share.
With an impressive first day of trading, Talend has demanded the attention of investors around the world. For those who are unfamiliar with the company, now is the time to get to know Talend before the potential next big thing takes off.
Talend was founded in 2006 and is based in Redwood City, California. The company specializes in something called “Big Data Integration.” Big Data is aptly-named category of data sets that includes sets that are so large that traditional processing would not be adequate.
Talend also provides Cloud services, regular data integration, and enterprise level application integration services. The company saw revenues of about $76 million in 2015, posting a loss of $22 million. Talend’s biggest costs have been its recent investments in sales and marketing. In the first quarter of 2016, revenue was up 42% year-over-year.
Although not necessarily a tech giant, the market should still react well to an up-and-coming company like this having a successful IPO. Hopefully Talend can continue its momentum into next week and inspire other private tech companies to consider IPOs soon.
If you’d like more coverage on the state of the IPO market, check out our IPO Market Outlook for Second Half of 2016!
The weekly Zacks Friday Finish Line podcast also covered the IPO market recently. Check it out, and remember to subscribe to the podcast for further coverage: Zacks Friday Finish Line: Can the IPO Market Recover?.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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After Successful IPO, Meet Big Data Company Talend
It’s been an awfully slow first half of the year as far as IPO activity goes, especially in the technology sector. Big data startup Talend attempted to change that trend with its $95 million initial public offering on Friday.
The stock, which trades under the ticker “,” was priced at $18 per share, a dollar above its previously announced range. Talend made 5,250,000 shares available during its first day of trading, and the stock opened at $27.66 per share.
With an impressive first day of trading, Talend has demanded the attention of investors around the world. For those who are unfamiliar with the company, now is the time to get to know Talend before the potential next big thing takes off.
Talend was founded in 2006 and is based in Redwood City, California. The company specializes in something called “Big Data Integration.” Big Data is aptly-named category of data sets that includes sets that are so large that traditional processing would not be adequate.
Talend also provides Cloud services, regular data integration, and enterprise level application integration services. The company saw revenues of about $76 million in 2015, posting a loss of $22 million. Talend’s biggest costs have been its recent investments in sales and marketing. In the first quarter of 2016, revenue was up 42% year-over-year.
Although not necessarily a tech giant, the market should still react well to an up-and-coming company like this having a successful IPO. Hopefully Talend can continue its momentum into next week and inspire other private tech companies to consider IPOs soon.
If you’d like more coverage on the state of the IPO market, check out our IPO Market Outlook for Second Half of 2016!
The weekly Zacks Friday Finish Line podcast also covered the IPO market recently. Check it out, and remember to subscribe to the podcast for further coverage: Zacks Friday Finish Line: Can the IPO Market Recover?.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>