“There are a lot of different options available to us,” he said. The company could go public at some point, Kim said, without specifying timing. Its current valuation of $1.5 billion is more than double what it was last valued at in 2019.
#Enfusion iconiq software
Enfusion says it is profitable and seeing its strongest growth in the Asia-Pacific region.Įnfusion, originally founded in 1997 as a hedge fund technology advisory firm, launched its software system in 2006. The company’s more than 550 clients include hedge funds, family offices and institutional asset managers. Enfusion sets terms for IPO that could value the Iconiq-backed fintech at some 1.9B. Securities and Exchange Commission that the company and certain pre-IPO investors plan to offer the public roughly 18.8M Class A shares within a 15-17/share range. Enfusion (ENFN) wrote in a revised S-1 filed with the U.S. “We’re trying to simplify the overall workflows that an investment manager has to undergo from front to back,” Chief Executive Officer Thomas Kim said in an interview. (ENFN) released specifics Tuesday for an IPO thats expected to value the fintech at some 1.9B. Enfusion is singularly focused on solving the big problems inherent in the investment management industry. It’s aimed at keeping tabs on order, execution and portfolio management. The Chicago-based company says its software provides real-time and data-driven intelligence in a cloud-based offering. Existing investors include FTV Capital and Hillhouse Capital. The global investment management software provider has secured 150 million in funding from tech fund Iconiq Growth in return for a minority stake, doubling its 2019 valuation to 1.5 billion, per. Iconiq Growth - an affiliate of Iconiq Capital - has invested $150 million for a minority stake in the business, according to a statement. The funding is an endorsement of Enfusion's pioneering cloud-native SaaS approach to breaking technological barriers and removing informational and operational constraints. Iconiq Capital LLC, 12.42, 14,039,594, 161.17M, Institution. Enfusion, a global leader in investment management technology solutions and services, announced that it has received a 150 million minority investment from ICONIQ Growth. (Bloomberg) - Enfusion LLC, a startup that specializes in software for asset managers, has raised financing at a $1.5 billion valuation, the company announced Monday. Bernstein, 27.68, 31,297,606, 359.30M, Insider.
0 kommentar(er)
