Initial public offering: Anaplan stock surges 35% in trading debut

Frank Calderoni, Anaplan’s
CEO
Anaplan

• Anaplan shares soared 30% in their trading
  debut.
• The connected-planning platform priced its initial
  public offering at $17 a share — before opening for trading
  at $24.67.
• The IPO raised $263.5 million through
  the sale of 15.5 million shares.

Anaplan shares soared by more than 30% in
their trading debut.

The connected-planning platform priced
its initial public offering at $17 a share, the high end of
its range, raising more that $263.5 million through the sale of
15.5 million shares. Shares opened at $24.67 per share, 45% above
where they price and are now trading at $22.

In its
public filing
, Anaplan said it generated $109.4
million of revenue for the first half of 2018, up from $77.8
million in the same period last year. It hasn’t yet turned a
profit and its net loss widened to $47.2 million this year
by the end of June, from last year’s $16 million.

“Anaplan is pioneering the category of Connected Planning,
which allows organizations to transform their businesses by
making better and faster decisions,” the company said in its
filing.

“We believe Connected Planning is the next essential cloud
category. It fundamentally transforms planning by connecting all
of the people, data, and plans needed to accelerate business
value and enable real-time planning and decision-making in
rapidly changing business environments.”

Frank Calderoni, previously the CFO at the tech firms Cisco
Systems and Red Hat, has served as Anaplan’s CEO since the
January 2017. 

The lead book runners for the IPO were Goldman Sachs and
Morgan Stanley. Barclays Capital also served as a book
runner.

Anaplan trades on the New York Stock Exchange under the
ticker “PLAN.” 

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