Business Intelligence Firm Files for IPO
Qlik Technologies hopes to raise up to $100 million.
Qlik Technologies has filed with the SEC to raise up to $100 million in an initial public offering.
"The Radnor, PA-based company, which was founded in 1993, booked $157 million in sales last year, up 33% from 2008 ($118 million)," according to Renaissance Capital. "The company is backed by international venture firms including Accel Europe (27%) and Jerusalem Venture Partners (25%) and plans to list on the NASDAQ under the symbol QLIK."
"Morgan Stanley, Citi and J.P. Morgan are the lead underwriters on the deal, for which terms and timing were not disclosed," the article states.