Sevin Rosen, August Capital in Line to Benefit from Hot Splunk IPO

More signs of life from the venture-backed IPO market.

Big data software maker Splunk floated shares at $17 this morning, and they are presently trading at $32.01, an 88.3% rise. The San Francisco company priced them above its anticipated $11 to $13 range and raised $229.5 million. The offering values the company at about $3 billion.

Splunk hits at the IPO’s market strength. Software companies such as Guidewire Software, Bazaarvoice, Demandware and Jive Software have done well in recent quarters, and Splunk continues the trend.

Investors in line to benefit are Sevin Rosen and August Capital, both of which held 20.4% of the company prior to the offering. Also in line are shareholders JK&B Capital, with a 17.6% ownership prior to the offering, and Ignition Partners, with 12.1%. (Shareholders are listed in this document.)

Next up of note are software developer Proofpoint, and networker Infoblox.

(Image of IPO sign courtesy of Shutterstock.)

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