Informatica (INFA) IPO Opens 5% Lower

Today's IPO for Informatica (NYSE: INFA) opened for trading at $27.55 after pricing 29,000,000 shares of its Class A common stock at a public offering price of $29.00 per share.

Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are serving as lead book-runners for the proposed 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 book-runners for the proposed offering. Academy Securities and Siebert Williams Shank are serving as co-managers for the proposed offering.

Informatica, an enterprise cloud data management leader, empowers businesses to realize the transformative power of data. We have pioneered a new category of software, the Informatica Intelligent Data Management Cloud™ (IDMC), powered by AI and a cloud-first, cloud-native, end-to-end data management platform that connects, manages and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies. Customers in more than 100 countries and 84 of the Fortune 100 rely on Informatica to drive data-led digital transformation.

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