Investor interest is high for the upcoming initial public offering of Alteryx (AYX), which has tapped into the hot market for data analytics.
Alteryx plans to raise $117 million by offering 9 million shares at a price range of $12 to $14. That would give it a fully diluted market value of $783 million, at the midpoint of the proposed range.
Alteryx is set to price Thursday night and begin trading on the NYSE on Friday morning under the ticker AYX. The lead underwriters are Goldman Sachs and JPMorgan.
Research firm IPO Boutique said its channel checks reveal that, according to underwriter guidance, the deal remains “multiple-times oversubscribed.”
Alteryx defines itself as “a leading provider of self-service data analytics software.” Its subscription-based software platform “enables organizations to dramatically…