Talend Software (TLND) priced their IPO above the range at $18. The company provides data integration software to enterprises who continue to struggle to manage and leverage their growing pile of data - big data, small data, cloud data, etc.
Talend fills a gap in the market for investors after both Informatica and Tibco were acquired in 2015 and 2014 respectively. Just for the sake of starting with these to inform our valuation discussion - Tibco was purchased for $4.3B which was about 4x revenue and Informatica went for $5.4B which was about 5x revenue. (We've made . . .