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The Redwood (NYSE:RWT) City, California-based company, which follows a subscriptions-based model, was taken private by https://www.reuters.com/article/us-informatica-m-a-idUSKBN0MY14820150407 a consortium that included private equity firm Permira Advisers Ltd and Canada Pension Plan Investment Board (CPPIB).
Informatica, which will list on the New York Stock Exchange, recorded a 1% jump in revenue to nearly $1.32 billion in 2020. Net loss last year narrowed to $168 million from $183 million a year earlier.
The IPO is being led by a syndicate of banks headed by Goldman Sachs & Co (NYSE:GS) and J.P. Morgan.
