NEWS19 April 2012

Splunk raises $230m through IPO

Financials North America

US— Data analytics software firm Splunk has raised $229.5m through its initial public offering, which is almost twice as much as originally anticipated.

The company ended up selling 13.5 million shares at $17 a piece.

Splunk is now trading on the Nasdaq exchange and has a market value of $1.57bn.

The company is headed by chairman and CEO Godfrey Sullivan (pictured) and its software is designed to analyse machine data – information generated by websites, applications, servers, networks and mobile devices, including customer clickstreams and transaction data.