Anaplan has registered an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering. The company expects to price its 15.5 million shares in the range of $15 to $17 per share, with an overallotment option for an additional 2.325 million shares. At the maximum price, the entire offering is valued up to $303.03 million. The company intends to list its shares on the New York Stock Exchange under the symbol PLAN.
The underwriters for the offering are Goldman Sachs, Morgan Stanley, Barclays, KeyBanc, Canaccord Genuity, Evercore ISI, JMP Securities, Needham, Piper Jaffray and SunTrust Robinson Humphrey.
This company is pioneering the category of connected planning, which allows organizations to transform their businesses by making better and faster decisions.
Management believes that believe connected planning is the next essential cloud category. It fundamentally transforms planning by connecting all the people, data and plans needed to accelerate business value and enable real-time planning and decision-making in rapidly changing business environments. Connected planning accelerates business value by transforming the way organizations make decisions and placing the power of planning in the hands of every individual at every level within and between organizations.
Anaplan’s proprietary Hyperblock technology is at the core of its platform and was purpose-built for connected planning. The platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation.
The company described its finances as follows:
For fiscal 2016, 2017, and 2018, and the six months ended July 31, 2017 and 2018, our revenue was $71.5 million, $120.5 million, $168.3 million, $77.8 million, and $109.4 million, respectively, and our subscription revenue for fiscal 2016, 2017, and 2018 was $50.8 million, $91.4 million, and $143.5 million, representing a year-over-year subscription revenue growth rate of 80% and 57%, respectively. We have a strong and growing international presence with approximately 41% and 43% of our revenue generated from outside of the United States in fiscal 2018 and the six months ended July 31, 2018, respectively… For fiscal 2016, 2017, and 2018, and the six months ended July 31, 2017 and 2018, our net loss was $54.2 million, $40.2 million, $47.6 million, $16.0 million, and $47.2 million, respectively.
The company intends to use the net proceeds from the offering for working capital and other general corporate purposes, including funding our operating needs. However, Anaplan does not currently have specific planned uses for the proceeds.