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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 -0.90% 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 +2.03% has climbed 7.8% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.31% has tacked on 4.1%.

/zigman2/quotes/230006699/composite
US : U.S.: NYSE
$ 19.80
-0.18 -0.90%
Volume: 300,708
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.26 billion
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 60.71
+1.21 +2.03%
Volume: 83,536
Dec. 8, 2021 4:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,701.21
+14.46 +0.31%
Volume: 2.16B
Dec. 8, 2021 4:59p
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