LinkedIn's data streaming spinoff, Confluent, is floating above its range in an offering effectively doubling the valuation of its last funding round to over $9bn.

Confluent, a US-based data streaming software producer spun off by social network LinkedIn, will go public today in an $828m initial public offering on the Nasdaq Global Select Market.

The offering consists of 23 million class A shares priced at $36.00 each, above the IPO’s $28 to $33 range. The price valued the company a little over $9.1bn, twice the valuation at which it last raised venture funding, in April 2020.

Founded in 2014, Confluent has built a cloud software…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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