Irvine-based analytics software maker Alteryx Inc. will sell 9 million shares of Class A common stock valued between $12 and $14 per share under terms of its initial public offering, according to a filing with the Securities and Exchange Commission.
It projects net proceeds from the offering of nearly $106 million, or roughly $122 million if underwriters exercise their option to purchase additional shares in full, based upon an assumed IPO price of $13 per share, the midpoint of the price range.
The pricing indicates a market value of over $600 million, confirming earlier Business Journal estimates.
The company has applied to list on the New York Stock Exchange under the ticker symbol AYX.
Alteryx backers include Newport Beach-based Toba Capital, Insight Venture Partners, Sapphire Ventures, Thomson Reuters and ICONIQ Capital.
The IPO is being underwritten by Goldman, Sachs & Co., J.P. Morgan Securities LLC, Pacific Crest Securities, William Blair & Co., JMP Securities, Raymond James & Associates, and Cowen and Co.
—Chris Casacchia
