US-based data analytics software provider Alteryx raised $126m when it went public on Friday, providing an exit to media and data firm Thomson Reuters.
Alteryx issued 9 million shares on the New York Stock Exchange priced at $14.00 each, the top of its range.
Founded in 1997, Alteryx has built a self-service data analytics platform that companies can use to prepare, organise and manage data in order to get clearer insights into their businesses. It had more than 2,300 corporate customers across more than 50 countries as of the end of 2016.
The initial public offering follows at least $163m of funding raised by Alteryx, which closed an $85m series C round in late 2015 that included Iconiq Capital, Insight Venture Partners and Meritech Capital Partners, and which valued it at nearly $1bn.
Thomson Reuters has not revealed details of its investment in the company but has held a board seat since 2011. It owned a 13.1% stake in Alteryx prior to the offering.
Other notable shareholders include Insight Venture Partners, which owned a 27% stake, Sapphire Ventures, the venture capital firm spun out of enterprise software producer SAP (13%), Toba Capital (6%) and Iconiq Capital (5.6%).
Goldman Sachs and JP Morgan Securities LLC are joint book-running managers for the IPO while Pacific Crest Securities, William Blair, JMP Securities, Raymond James & Associates, and Cowen and Company are acting as co-managers.
Alteryx’s stock opened at $17.00 on its first day of trading on Friday and closed at $15.50. The underwriters have the 30-day option to buy another 1.35 million shares, which would increase the size of the IPO to just over $138m.