Anaplan IPO Upsurges|
October 15, 2018
Anaplan IPO shares surged 43 percent to $24.30 on Friday, which maps into a a market capitalization of $3 billion. The Connected Planning firm raised $263.5 million in the offering, selling shares at $17 a piece. Shares traded under the ticker symbol “PLAN.” Anaplan has granted the underwriters a 30-day option to purchase up to 2,325,000 additional shares at the initial public offering price less the underwriting discount.
Anaplan is pioneering the category of Connected Planning. Their platform is powered by a proprietary Hyperblock technology, purpose-built for Connected Planning, enables dynamic, collaborative, and intelligent planning.
Large global enterprises use the
solution to connect people, data, and plans to enable real-time planning
and decision-making in rapidly changing business environments to give
customers a competitive advantage. Based in San Francisco, they have
over 20 offices globally, 175 partners, and more than 900 customers