Leading data analytics company Qlik has announced that it has confidentially submitted a draft registration statement with the US Securities and Exchange Commission (SEC), indicating its intent to go public. The number of shares to be offered and the price range for the proposed offering have not been made public as yet. The company will complete its public offering following the review process, subject to other market conditions.
Qlik was founded in Lund, Sweden, in 1993 as QlikTech. It is currently based in King of Prussia, Pennsylvania, US. It was among the only three companies in the business intelligence domain, a new sector then. Qlik offers an end-to-end platform for data analytics that helps organisations in obtaining insights for their mitigation business decisions. Mike Capone is the current CEO of the company; he was hired in 2018.
Qlik was once a public company with its shares on the Nasdaq exchange. The company was acquired by private equity firm Thoma Bravo for $3 billion in cash in 2016. When through, Qlik’s IPO bid would make it one of the largest big data companies to go public, in the same league as Confluent and Snowflake.
Recently, Qlik acquired Attunity in 2019 and Podium Data in 2018, thereby expanding its data management and integration offerings. Last year was also a good year for Qlik; the company acquired Blendr.io, an embedded integration and automation platform, along with Big Squid, a company that offers automated ML technology.
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