(Bloomberg) -- OneStream Inc. and a group of shareholders including KKR & Co. raised about $490 million in a US initial public offering, pricing its shares...
-- OneStream Inc. and a group of shareholders including KKR & Co. raised about $490 million in a US initial public offering, pricing its shares above a marketed range.The software company and its shareholders sold 24.5 million shares Tuesday for $20 apiece, according to a statement confirming an earlier report by Bloomberg News. OneStream had marketed the shares for $17 to $19 each.
US IPOs are set for the busiest week since September, led by cold storage firm Lineage Inc.’s up to $3.85 billion first-time share sale. IPOs on US exchanges have raised more than $22 billion this year, up more than 60% from the same period last year, though the figure remains below the pre-pandemic average.
The Birmingham, Michigan-based company, which makes software that’s used by chief financial officers and finance teams broadly, also counts Tidemark, Partners Fund Capital and Alkeon Capital Management as investors, according to its website. In 2021 it raised capital at a $6 billion valuation from backers including D1 Capital Partners and Tiger Global.OneStream had 1,423 customers as of March 31, including Autoliv Inc. and Ingram Micro Inc.
NEW YORK — Mets rookie Christian Scott was placed on the 15-day injured list Tuesday with a sprained ligament in his right elbow, sidelining New York's top pitching prospect indefinitely.EAGAN, Minn. — The Minnesota Vikings agreed to a four-year extension Tuesday with left tackle Christian Darrisaw that's worth as much as $113 million, their latest big-money deal for a core player.SPRINGFIELD, Ill.
Bloomberg News Initial Public Offering Onestream Outstanding Shares Software Company Alkeon Capital Management IPO Price T. Rowe Price Investment Management Inc.
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