Friday, January 13, 2012

Splunk Files For IPO

San Francisco-based Splunk, a developer of real time indexing software used for enterprise computing, has filed for an IPO. According to an S-1 filing by the firm, it is looking to raise up to $125M in its IPO, and hopes to trade as SPLK. The IPO is being underwritten by Morgan Stanley, Credit Suisse, J.P. Morgan, BofA Merrill Lynch, Pacific Crest Securities, UBS Investment Bank, and Cowen and Company. Splunk is venture backed by August Capital, Sevin Rosen, JK&B Capital, and Ignition Partners, among others.The firm reported a net loss of $3.8M on revenues of $35M in 2010, with a net loss of $9.7M on revenues of $77.761M for the nine months ending October 31, 2011.