Anaplan (PLAN) IPO Opens 43% Higher

Today's IPO for Anaplan, Inc. (NYSE: PLAN) opened for trading at $24.25 after pricing 15,500,000 shares at $17.00 per share.

Anaplan has granted the underwriters a 30-day option to purchase up to 2,325,000 additional shares at the initial public offering price less the underwriting discount.

Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as the lead joint book-running managers for the offering. Barclays Capital Inc. will serve as a book-running manager. KeyBanc Capital Markets Inc., Canaccord Genuity LLC, Evercore Group L.L.C., JMP SecuritiesLLC, Needham & Company, LLC, Piper Jaffray & Co. and SunTrust Robinson Humphrey, Inc. will serve as co-managers.

Anaplan is pioneering the category of Connected Planning. Our platform, powered by our proprietary Hyperblock technology, purpose-built for Connected Planning, enables dynamic, collaborative, and intelligent planning. Large global enterprises use our solution to connect people, ,data, and plans to enable real-time planning and decision-making in rapidly changing business environments to give our customers a competitive advantage. Based in San Francisco, we have over 20 offices globally, 175 partners, and more than 900 customers worldwide

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