RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
Company Overview
California-headquartered Informatica Inc. (NYSE: INFA) was founded in 1993. As an enterprise software developer, it enables enterprises to create a single reliable source for their data, thus, creating a compelling 360-degree customer experience.
Initial Public Offering
The company had launched its IPO on October 27, 2021 under the ticker INFA and had sold approximately 29 million shares at $29 each. We had covered this IPO in our ‘Kalkine IPO Report’ on October 25, 2021, and concluded that this IPO was “Attractive” given its presence in the enterprise software business, strong clientele, aggressive growth plan and positive outlook.
Hourly Price Chart (as on December 1, 2021). Source: REFINITIV, Analysis by Kalkine Group
Conclusion
Investors who have invested into this IPO can consider ‘Exiting’ from their position at the closing price of $33.96 as on December 1, 2021, given:
*The reference data in this report has been partly sourced from Refinitiv.
Disclaimer
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