Confluent Announces Closing of Initial Public Offering

Rhea-AI Summary

Confluent, Inc. (NASDAQ: CFLT) announced the successful closing of its initial public offering comprising 23,000,000 shares of Class A common stock, priced at $36.00 per share. This milestone highlights Confluent's focus on data in motion, offering a cloud-native platform that connects real-time data from various sources. Major financial institutions, including Morgan Stanley and J.P. Morgan, served as lead managers for the offering. The securities registration has been approved by the SEC, indicating compliance with regulatory standards.

Positive

• Successful closing of IPO raising capital for business growth.
• Shares priced at $36.00 reflect strong market interest.

Negative

• Potential dilution of shares affecting current shareholders.

Confluent, Inc. (NASDAQ: CFLT), the platform for data in motion, today announced the closing of its initial public offering of 23,000,000 shares of Class A common stock at a price to the public of $36.00 per share. Confluent’s Class A common stock is listed on the Nasdaq Global Select Market under the ticker symbol “CFLT”.

Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, BofA Securities, and Citigroup acted as lead book-running managers for the offering. Barclays, Credit Suisse, Deutsche Bank Securities, UBS Investment Bank, and Wells Fargo Securities acted as additional book-running managers. Cowen, D.A. Davidson & Co., JMP Securities, KeyBanc Capital Markets, and Piper Sandler acted as co-managers.

The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by telephone at 866-718-1649 or by email at prospectus@morganstanley.com; or J.P. Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmorganchase.com.

A registration statement relating to the sale of these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Confluent

Confluent is pioneering a fundamentally new category of data infrastructure focused on data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion – designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organization. With Confluent, organizations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005739/en/

FAQ

What is the price of Confluent's initial public offering?

Confluent's initial public offering was priced at $36.00 per share.

How many shares were offered in Confluent's IPO?

Confluent offered 23,000,000 shares of Class A common stock in its IPO.

Which financial institutions managed Confluent's IPO?

Morgan Stanley, J.P. Morgan, Goldman Sachs, and BofA Securities acted as lead managers for Confluent's IPO.

What is the ticker symbol for Confluent's stock?

Confluent's stock is listed under the ticker symbol 'CFLT' on the Nasdaq.

What does Confluent's business focus on?

Confluent focuses on data in motion, providing a cloud-native platform for real-time data streaming from multiple sources.