On Friday, September 14, 2018, the unicorn startup Anaplan filed to go public and raise up to $100 million to drive global growth.

Earlier this year, the San Francisco, California-based company selected Goldman Sachs and Morgan Stanley to lead its initial public offering (IPO) – which could come in the last quarter of 2018 – and plans to list under the symbol PLAN.

The provider of cloud-based connected-planning software was last valued at $1.4 billion when it raised $60 million in a series F funding round last December and seeks a valuation of at least that amount in the public market.

Since its founding in 2006 in York, England, the 1,100-employee company raised just under $300 million.

“Our last funding round was oversubscribed which showed the huge interest from investors, current and new,” told me CEO Frank Calderoni at an event at the company’s headquarters last April. “Our total addressable market is estimated to jump from $15 billion last year to over $21 billion in 2021 and that’s not even counting the $20 billion opportunity of replacing Excel that enterprises are still using today to do planning and forecasting.”

Read the full article here

Leave a Reply

Your email address will not be published. Required fields are marked *

Name *