Informatica (INFA) Launches 16M Share Secondary Offering

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Go back to Informatica (INFA) Launches 16M Share Secondary Offering

Informatica Announces Launch of Secondary Public Offering of Common Stock

November 7, 2024 4:59 PM EST

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Informatica (NYSE: INFA), a leader in enterprise AI-powered cloud data management, today announced the commencement of a proposed underwritten registered secondary offering of 16,000,000 shares of its Class A common stock (the Offering) by certain funds associated with Permira and Canada Pension Plan Investment Board (together, the Selling Stockholders). In connection with the Offering, the Selling Stockholders intend to grant the underwriter a 30-day option to purchase up to 2,400,000 additional shares. Informatica will not receive any proceeds from the sale of its Class A common stock by the Selling... More