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Confluent Files Confidentially for U.S. IPO

Crystal Tse
·1 min read

(Bloomberg) -- Confluent Inc., an event streaming platform, has filed confidentially to go public in the U.S.

The company said in a statement on Thursday that it submitted a draft registration statement to the U.S. Securities and Exchange Commission and will offer shares after the regulator review process is completed.

Mountain View, California-based Confluent was valued at $4.5 billion in its latest funding round announced a year ago when it raised $250 million in a financing led by Coatue Management, a statement at the time showed. Altimeter Capital, Franklin Templeton, Index Ventures and Sequoia Capital are also among its backers.

Confluent was started Jay Kreps, Jun Rao and Neha Narkhede, former engineers at LinkedIn and early developers of streaming processing software Apache Kafka.

In June, the company named Steffan Tomlinson as chief financial officer. Tomlinson was previously chief financial officer of Google’s cloud and technical infrastructure business.

(Updates fourth paragraph to include third founder)

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