Kaltura Inc, video experience cloud software provider, has filed Amendment No 3 to Form S-1 Registration Statement on March 29, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $353 million by offering 23.5 million shares at a price range of $14 to $16. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $2.2 billion.
The company offers live, real-time, and on-demand video products including Video Portal, Town Halls, Video Messaging, Webinars, Virtual Events and Meetings. They also offer specialized industry solutions, including Lecture Capture and Virtual Classroom for educational institutions, as well as a TV Solution for media and telecom companies.
The New York, New York-based company was founded in 2006 and booked $120 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “KLTR.” Goldman Sachs, BofA Securities, Wells Fargo Securities and Deutsche Bank are underwriters of the IPO.
The company engages Latham & Watkins LLP as US Securities Counsel, and Ernst & Young Global as Independent Auditor.
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