Software firm Informatica seeks $928 million in IPO

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Software firm Informatica seeks $928 million in IPO

- Informatica Inc., the data management software provider, is seeking as much as $928 million in its return to public markets.

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The company plans to sell 29 million shares at $29 to $32 each in its initial public offering, it said in a Monday filing with the U.S. Securities and Exchange Commission. At the top end of that price range, it would have a market capitalization of $8.8 billion, according to the number of shares listed in the prospectus.

Software manufacturer intends to use funds for working capital, to repay debt and fund acquisitions or investments.

Canadian Pension Plan Investment Board and Permira will be the big shareholders and control about 88.5% of the company's voting power in a public meeting. The pair took Informatica private in 2015 in a deal valued the company at $5.3 billion.

Goldman Sachs Group Inc. and JPMorgan Chase Co. are the leading traders in the offering. What if Donald Trump, Elon Musk, and Gwyneth Paltrow want to interrupt your capacity to think Rationally?

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