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Oct. 21, 2021, 9:02 a.m. EDT

Enfusion valued at $1.9 billion as IPO priced at top of expected range

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By Tomi Kilgore

Enfusion Inc. /zigman2/quotes/230006699/composite ENFN +4.62% is set for its public debut Thursday, as the Chicago-based investment management software company's initial public offering priced overnight at $17 a share, at the top of the expected range of between $15 and $17 a share. The company sold 15.32 million Class A shares in the IPO to raise $260.5 million and selling shareholders sold 3.43 million shares to raise $58.3 million. With a total of 113.05 million Class A and Class B shares outstanding expected after the IPO, the pricing would value the company at $1.92 billion. The stock is expected to begin trading on the NYSE some time after the open, under the ticker symbol "ENFN." The company is going public at a time the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -0.79% has climbed 7.8% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.01% has tacked on 4.1%.

/zigman2/quotes/230006699/composite
US : U.S.: NYSE
$ 9.51
+0.42 +4.62%
Volume: 368,118
May 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.08 billion
Rev. per Employee
$125,224
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 30.16
-0.24 -0.79%
Volume: 129,991
May 20, 2022 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,901.36
+0.57 +0.01%
Volume: 3.00B
May 20, 2022 5:03p
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