Confluent Announces Plans To Launch An IPO In The US

 Breaking News
  • No posts were found

Confluent Announces Plans To Launch An IPO In The US

Confluent Announces Plans To Launch An IPO In The US

Real-time event streaming platform, Confluent, set to launch an initial public offering in the United States

Confluent has reportedly announced that it will be filing for an (IPO), according to a press release from the Securities and Exchanges Commission (SEC).

Confluent’s technology is cloud-based and it is designed to allow businesses to build applications that respond to and react to data flow, according to a report from U.S. News.

The company has now joined the hundreds of tech startups that are looking to cash in on the moment.

Confluent is supported by Microsoft-backed LinkedIn, as well as other investors, including venture capital firms such as Sequoia Capital and Index Ventures. The company was recently valued at $4.5 billion since its last fundraise in April 2020.

The U.S. market for new listings witnessed a record amount of capital through stock flotation in 2020. 2021 is expected to be even more than that, according to the report.

Companies have already raised about $150 billion from IPOs in 2021, according to data published by Dealogic.

In other Microsoft-related news, Silicon Valley chat startup, Discord, has ended talks with the tech giant for an acquisition, as the startup moves toward trying to make its own way.

Microsoft had been looking into paying a minimum of $10 billion to acquire Discord, with sources close to the discussions saying that talks might be revived.

Launched in 2015, Discord now has at least three firms vying for its attentions.

Microsoft has been considering acquiring firms that would aid it in leveraging new customers after the company was valued at almost $2 trillion. The company also looked into acquiring a potential majority stake in TikTok.

Microsoft has also been undergoing new partnerships, which include with the FinTech Ally, which works to boost the role of quantum computing in the financial services sector.

According to a report, the strategic collaboration will highlight how the newest research on quantum-inspired algorithms will make it easier to understand how tech can be applied to broad commercial processes.

For more IPO news from different parts of the world, please visit – https://whiteoakcapital.asia.

Media Contact
Company Name: White Oak Capital (Asia)
Contact Person: Mr Craig Stevens
Email: Send Email
Phone: +852 3001 6191
Address:36 FL Shun Tak Centre West Tower 168-200 Connaught Road, Central
City: Sheung Wan
Country: HongKong
Website: https://whiteoakcapital.asia/

Categories