Alteryx, the data analytics company, went public on the New York Stock Exchange today, marking the third IPO of the year. The company priced its IPO yesterday at $14 per share, and closed Friday at $15.50, or 10.7% higher.
Alteryx works with clients like Amazon, Ford and Coca-Cola to help them better assess what products are selling and where there are market inefficiencies. CEO Dean Stoecker touted a high customer retention rate, which makes it easier to predict revenue.
Stoeckher tells us that Alteryx prides itself with a “platform that’s easy to install and learn.” They work with a variety of industries and company divisions, ranging from “sales operations to marketing to HR analytics.”
Alteryx brought in $85.8 million in revenue last year, with losses of $24.3 million. Revenue was $53.8 million for 2015 and losses that year were $21.5 million.
The company has raised at least $163 million in capital since it was…