OneStream Inc.: IPO Plans and Institutional Investor Support

OneStream Inc. is a renowned cloud platform provider with a wide range of applications for enterprise financial planning, consolidation and reporting. The company has announced plans for an initial public offering (IPO) in the United States, which it intends to raise $465.5 million. This IPO has been officially confirmed in a filing with the U.S. Securities and Exchange Commission.

Details of the IPO

- Shares OfferedA total of 24.5 million shares, of which OneStream Inc. is marketing 18.1 million shares, while 6.4 million shares will be sold by existing shareholders.

- Price Range: The shares will be offered in the range of $17 to $19 per share.

- Trtual Value: If the shares reach the high end of the proposed price range, the market value of the Company would be approximately $4.4 billion.

- Investors: T. Rowe Price Investment Management Inc. has expressed interest in purchasing up to 15% of the shares offered in this base offering at the IPO price.

Financial Performance

OneStream reported a net loss of $29 million on revenue of $375 million in its most recent fiscal year, an improvement from a loss of $65 million on revenue of $279 million in 2022. This development indicates a positive trend in the company's performance.

Support from Institutional Investors

Leading institutional investors supporting OneStream include:

- KKR & Co.: A major shareholder and one of the main organizers of the IPO.

- Robert PowersRobert Powers : CTO and director of OneStream.

- Tidemark, Partners Fund Capital, Alkeon Capital Management: Other major investors.

- D1 Capital Partners and Tiger Global: Companies that invested $6 billion in OneStream in 2021.

IPO Organization

The IPO is being organized by a consortium of financial institutions led by Morgan Stanley, JPMorgan Chase & Co. and KKR's capital markets division. Other participants include Bank of America Corp, Citigroup Inc. and Guggenheim Securities.

Future Plans and Market Positions

OneStream is preparing to enter the Nasdaq Global Select Market, where it will trade under the symbol "OS." The move marks another milestone in the growth of the company, which specializes in providing sophisticated software solutions to corporate finance departments worldwide. The OneStream platform is widely used by CFOs and finance teams due to its ability to cover a wide range of financial needs and processes.

US IPO market

OneStream Inc.'s decision to go public comes at a time when the US IPO market is beginning to recover. In the first half of this year, IPOs on U.S. exchanges reached more than $21 billion, an increase of nearly 70% compared to the same period in 2023.

Summary

The IPO of OneStream Inc. represents a significant step not only for the company itself, but also for the U.S. IPO market. The move may inspire other technology companies considering going public. OneStream, with its strong market position, its ability to grow and innovate, and the support of major institutional investors, has a bright future ahead of it.