On October 26, 2021, Redwood City, California-based Informatica, an enterprise cloud data management leader, announced the pricing of its initial public offering of 29,000,000 shares of its Class A common stock at a public offering price of $29.00 per share, raising $841 million. The shares began trading on the New York Stock Exchange on October 27 under the ticker symbol “INFA.” The offering closed on October 29. Wilson Sonsini Goodrich & Rosati advised Informatica on the transaction.
The underwriters have been granted a 30-day option to purchase up to an additional 4,350,000 shares of Informatica Class A common stock at the initial public offering price, less underwriting discounts and commissions. Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities, and Citigroup are serving as lead bookrunners for the offering. Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, Wolfe | Nomura Strategic Alliance, Macquarie Capital, and LionTree Advisors LLC are serving as bookrunners for the offering. Academy Securities and Siebert Williams Shank are serving as co-managers for the offering.
After roughly 15 years as a public company, Informatica was taken private by private equity firm Permira and the Canadian Pension Plan Investment Board in a 2015 transaction valued at $5.3 billion. Informatica plans to use the proceeds from the IPO for working capital, to repay debt, and to fund acquisitions or investments.
The Wilson Sonsini team that advised Informatica on the offering included:
Corporate
Jeff Saper
Steve Bernard
Andy Gillman
Yingting Zhang
Mike Moesel
Won Gi Chong
Andrew Chew
Employee Benefits and Compensation
Scott McCall
Jaqueline Tokuda
Matthew Norgard
Delaware Law and Governance
Ryan Greecher
James Griffin-Stanco
For more information, please see Informatica’s press release.