BI (business intelligence) vendor Qlik Technologies’ upcoming IPO (initial public offering) is garnering significant interest from investors. QlikTech is offering 11.2 million shares of common stock and anticipates the initial price to be between US$8.50 and $9.50. Trading of those shares is expected to begin Friday, according to a spokesman. Analyst: IPO is “heavily oversubscribed,” meaning there is greater demand for shares than the number being offered. Company’s revenue grew from roughly $81 million in 2007 to $157 million in 2009.”]
Source: https://www.csoonline.com/article/2125409/bi-vendor-qliktech-s-ipo-could-be-red-hot.html