Solera Global announced that it has confidentially submitted a draft S-1 registration statement for a proposed initial public offering of its Class A stock.
According to the company, the number of shares to be offered and the price range for the proposed offering have not yet been determined. However, Bloomberg reported the SaaS firm may try to raise as much as $1 billion.
The proposed IPO remains subject to the completion of the SEC review process, and market and other conditions.
This news comes three years after an aborted attempt by Solera to go public via a SPAC deal. Vista Equity Partners acquired Solera and took the company private in 2016, then, in 2021, began talks to take Solera public again through a merger with Apollo Strategic Growth Capital. Negotiations were later called off. Read more. Read more.
