Tech Company Inital Public Offerings
Appian IPO
Appian was acquired by . Shares were listed on 5/24/2017.
Transaction Overview
Company Name
Announced On
5/24/2017
Transaction Type
IPO
Amount
$75,000,000
Proceeds Purpose
The principal purposes of this offering are to increase our financial flexibility, create a public market for our Class A common stock and facilitate our future access to the capital markets. Although we have not yet determined with certainty the manner in which we will allocate the net proceeds of this offering, we expect to use the net proceeds from this offering for working capital and other general corporate purposes. We also intend to use approximately $20.0 million of the net proceeds to pay all remaining outstanding principal and interest under our term loan with Silicon Valley Bank and approximately $7.4 million of the net proceeds to pay a cash dividend to the holders of our Series A preferred stock that is payable upon the conversion of our Series A preferred stock to Class B common stock, which will occur immediately prior to the closing of this offering.
Company Information
Company Status
Publicly-held
Industry
Software
Mailing Address
7950 Jones Branch Dr.
Tysons, VA 22102
USA
Tysons, VA 22102
USA
Phone
Website
Email Address
Overview
Appian (NASDAQ: APPN) is a leading provider of modern business process management solutions and has helped transform the businesses of over 3.5 million users worldwide. Learn more.
Management Team
Title
Name
Email & Social
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