Bulletin
Investor Alert

Market Pulse Archives

Oct. 12, 2021, 6:41 a.m. EDT

Enfusion's IPO terms could value the software company at nearly $2 billion

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Enfusion Inc. (ENFN)
  • X
    Renaissance IPO ETF (IPO)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Enfusion Inc. /zigman2/quotes/230006699/composite ENFN +4.62% has set terms of its initial public offering, in which the profitable Chicago-based investment management software company could be valued at up to $1.9 billion. The company is looking to raise up to $260.49 million, as it is offering 15.32 million shares in the IPO, which is expected to price between $15 and $17 a share. Selling shareholders are also offering 3.43 million shares to raise up to $58.26 million. With 64.07 million Class A shares and 48.99 million Class B shares expected to be outstanding after the IPO, the expected IPO pricing could value Enfusion as up to $1.92 billion. The stock is expected to list on the NYSE under the ticker symbol "ENFN." Morgan Stanley and Goldman Sachs are the lead underwriters. The company reported net income of $8.4 million on revenue of $50.8 million during the six months ended June 30, after net income of $10.7 million on revenue of $37.1 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -0.79% has slipped 1.8% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.01% has eased 0.5%.

/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
loading...
/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 30.16
-0.24 -0.79%
Volume: 129,991
May 20, 2022 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,901.36
+0.57 +0.01%
Volume: 3.00B
May 20, 2022 5:03p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.