The LinkedIn data software spinoff was valued at $4.5bn in its last funding round and has set a $100m placeholder target for the offering.
US-based data streaming technology provider Confluent has disclosed a filing for a $100m initial public offering on the Nasdaq Global Select Market that could give social network LinkedIn an exit.
Spun off by LinkedIn in 2014, Confluent is the developer of a software platform used by businesses to track changing data in real time. It increased revenue 58% to about $237m in 2020, though its net loss more than doubled from $95m to nearly $230m during that period.
The offering…
