Talend registers $86.25 million of stock for initial public ADS sale

Bookrunners Goldman Sachs, JPMorgan, Barclays, Citigroup assist

By Devika Patel

Knoxville, Tenn., June 28 – Talend SA will price its initial public offering of American Depositary Shares with a greenshoe, according to a Form F-1 filed Tuesday with the Securities and Exchange Commission. The company has registered up to $86.25 million of underlying ordinary stock.

Each ADS represents one ordinary share.

Goldman Sachs & Co., J.P. Morgan Securities LLC, Barclays and Citigroup Global Markets Inc. are the bookrunners. William Blair is the co-manager.

Proceeds will be used for general corporate purposes, including working capital, sales and marketing, research and development, general and administrative matters and capital expenditures, and to pay off the outstanding debt under the company’s credit facility with Square 1.

The Redwood City, Calif., company offers a software platform that integrates data and applications in real time across modern big data and cloud environments, as well as traditional systems, allowing organizations to develop a unified view of their business and customers. The company has applied to list the ADSs on the Nasdaq under the symbol “TLND.”

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