Data Analytics Company Qlik Technologies is Looking to Go Public Again

Data analytics company Qlik Technologies, which is backed by the private-equity firm Thoma Bravo, has filed confidentially for an initial public offering.

The company said this week that it has confidentially ​​submitted a draft registration statement to the Securities and Exchange Commission for an initial public offering.

The company, based in King of Prussia, Pa., said it hasn’t determined how many shares it would sell or their price range.
Officially known as QlikTech International AB, the company is one of the industry’s top makers of business intelligence software.

Qlik is now on a path to return to public markets about five years after being taken private by Thoma Bravo. Before the acquisition, the software maker traded on the Nasdaq stock exchange.

Founded in 1993, Qlik provides cloud-based data management and analytics tools that are used by more than 50,000 organizations worldwide. Their best known product is Qlik Sense. It’s a business intelligence platform that enables workers to turn data into visualizations and find useful insights.

Qlik posted revenue of $180.6 million in its earnings report for the second fiscal quarter of 2016, shortly before its acquisition by Thoma Bravo had been announced.

Thoma Bravo paid roughly $3 billion to buy the company.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.