Another previous winner launches IPO – success for Confluent

Confluent, the winner of the 2019 Big Data Trailblazers Award, has successfully started trading on the Nasdaq Global Select Market on 24 June 2021. The pricing of the initial public offering of 23 million shares of Class A common stock was set at a price of $36.00 per share.

On the first day of trading, the price opened at $44, peaking at $47 before closing at $45.02. The offering is expected to close on today, 28 June, subject to customary closing conditions, as was sitting at $53.16 at 4pm Eastern Time. Prior to floating, the company had managed to raise a total of $455.9 million in funding.

The interest in Confluent is all down to the firm’s pioneering work in creating a new data infrastructure that focuses on data in motion. The cloud-native solution is designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across an organization.

The company joins two previous winners of the Tech Trailblazers Awards which both successfully launched an IPO, Nutanix which won the Cloud category in 2013 and Zscaler which won the Security Trailblazers Award the same year.

If you’d like to check the latest price for shares in Confluent head to the Nasdaq Global Select Market and look under the ticker symbol “CFLT”.