Qlik IPO on the cards? Here are 5 things you must know

3 min read | January 07, 2022 02:43 AM EST | By Raza Naqvi

Qlik IPO on the cards? Here are 5 things you must know — Image source: © Maxxyustas | Megapixl.com

Here are five things you must know before Qlik IPO:

1. Qlik was a publicly-traded company, and six years ago, it got delisted from the stock market as Thoma Bravo, a buyout firm, acquired it. Qlik had agreed to go private after a US$ 3 billion deal offer from Thoma Bravo, and the decision was reportedly taken after Elliott Management Corp put pressure on the company.

2. Founded in 1993 in Sweden, Qlik shifted its operations and is now based in King of Prussia, Pennsylvania.

3. Qlik is one of the leading software-as-a-service (SaaS) providers in the United States and offers data analytics, intelligence, and data visualization solutions. The company has over 38,000 enterprise customers, such as Airbus SE and PayPal Holdings Inc.

4. Due to the ongoing COVID-19 pandemic, there is a surge in demand for cloud-based analytics enterprise software solutions as businesses have moved their operations online due to a work from home situation. Qlik could benefit from the increasing demand, and it could have opted for a public debut to raise money and expand its operations.

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5. The IPO details are unknown, and Qlik has confidentially filed for its public debut as it will keep the financials hidden from the competitors until the Securities and Exchange Commission reviews the paperwork.

Bottom Line

In 2020, the market size of the global data analytics market was valued at around US$ 206.95 billion, notes a Fortune Business Insight report.

By 2028, the market size is expected to grow at a compound annual growth rate of 13.2 per cent to US$ 549.73 billion, indicating a high growth potential for the companies involved in the data analytics business.

Once the company starts trading, potential investors can buy Qlik's stock like they buy regular stocks from their trading account or a stockbroker.

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