Vista Supported Allvue Files IPO Showing Revenue Gain, Bigger Loss
(Bloomberg) – Allvue Systems Holdings Inc., a software maker serving private equity fund managers and family offices, has filed for an initial public offering, revealing growing income and losses.
The company, in its filing with the U.S. Securities and Exchange Commission on Friday, said the offer amount was $ 100 million, a placeholder that will change when the terms of the stock sale are. fixed.
The listing could value the company, backed by private equity firm Vista Equity Partners, between $ 2 billion and $ 3 billion, Bloomberg News reported in April.
Allvue, based in Coral Gables, Fla., Reported a net loss of $ 21 million on revenue of $ 71 million for the first six months of 2021, compared to a loss of $ 14 million on revenue of $ 63 million. dollars a year earlier, according to the record.
The company said its clients include around 147 private equity and venture capital firms, as well as 19 of the 25 largest global insurance companies and 44 of the 50 largest US pension plans.
Although the record does not specify the size of Vista’s stake or that of Allvue’s officers or directors, Vista will continue to control the company after the IPO.
Allvue was formed in 2019 after Vista acquired AltaReturn and merged it with one of its holding companies, Black Mountain Systems, according to a statement at the time.
The IPO is led by Goldman Sachs Group Inc., Barclays Plc and Credit Suisse Group AG. The company plans to trade its shares on the New York Stock Exchange under the symbol ALVU.
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