Enterprise software developer Informatica is seeking a valuation of up to $9 billion in its return to the stock market nearly six years after it was taken private, Reuters reported. The Redwood City, California-based company will rake in $928 million at the top end of the initial public offering’s price range. Informatica was taken private in 2015 for $5.3 billion by a group that included Permira and Canada Pension Plan Investment Board.
Source: Reuters
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