Talend S.A., a provider of big data and cloud integration solutions, successfully launched its IPO.
The offering included 5,250,000 American Depositary Shares (ADSs), each representing one of its ordinary shares, at a price to the public of $18 per ADS, which was higher than anticipated - and rose sharply in trading on Friday. The shares started trading on the NASDAQ under the symbol “TLND.”
Talend and a selling shareholder have also granted the underwriters a 30-day option to purchase up to 787,500 additional ADSs, consisting of 456,852 additional ADSs from Talend and 330,648 additional ADSs from the selling shareholder at the initial public offering price, less underwriting discounts and commissions.
Founded in 2006, Talend has a global team of integration experts and builds on an open source foundation to create enterprise solutions. Talend integration software is aimed at simplifying the development process, reducing the learning curve, and decreasing the total cost of ownership with a unified, predictable platform. It offers native support of modern big data platforms to help take the complexity out of integration efforts across data and applications on-premises or in the cloud, real-time or batch, big data to master data with a visual interface and visual tools.
The Talend visual design tool generates native code and the eclipse-based designer enables the building of integration jobs leveraging the big data innovations such as Spark, Spark Streaming and machine learning.
According to Talend, more than 1,300 enterprise customers worldwide rely on its solutions and services. Privately-held and headquartered in Redwood City, CA, the company has offices in North America, Europe and Asia, along with a global network of technical and services partners.
The news of the successful tech IPO was received enthusiastically in the industry.
Commenting on the Talend IPO, Quentin Gallivan, CEO of Pentaho, a Hitachi Group Company that provides a suite of big data integration and analytics solutions, observed that it bodes well not only for Silicon Valley and the near-term outlook for tech IPOs, but also for the big data integration and analytics market as a whole.
“We see businesses getting real value from data to drive performance, which validates the continual growth in big data and IoT,” Gallivan said, noting that, “We’re still just scratching the surface of how big data and IoT with reshape large industry sectors. As companies continue to look for more opportunities to solve real-world problems using data, we will see more vigorous investments in big data and analytics technologies and a refined focus on managing data in order to drive success.”
“The Talend IPO and recent acquisition of Platfora show that there is a great amount of growth and interest in the technologies that allow companies to more effectively drive value from data," added Adam Wilson, CEO of Trifacta. "While there is a lot of attention given to big data at the storage or processing side (Hadoop/Spark) and on the data visualization side (Tableau/Qlik), the hottest area is actually in the areas in between–the technologies that help organizations prepare and clean data for analysis.”