OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the leading enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and empowers the Office of the CFO to become a critical driver of business strategy and execution. With more than 1,400 customers and 250 go-to-market, implementation and development partners, our vision is to be the operating system for modern finance.
OneStream, Inc. has priced its initial public offering (IPO) of 24,500,000 shares of Class A common stock at an optimistic $20.00 per share, with trading on the Nasdaq Global Select Market set to begin on July 24, 2024, under the symbol “OS.” This significant step positions OneStream for growth, as it plans to utilize a portion of the net proceeds to strengthen its ownership of OneStream Software LLC, enhancing its strategic control.
The offering includes 18,054,333 shares sold by OneStream and 6,445,667 shares from existing stockholders, reflecting robust interest from both the company and its investors. Moreover, the underwriters have a 30-day option to purchase an additional 3,675,000 shares, which underscores the confidence in OneStream’s potential.
The involvement of top-tier financial institutions like Morgan Stanley and J.P. Morgan as lead book-running managers adds credibility and strengthens market confidence in the offering. Overall, this IPO marks an exciting opportunity for OneStream and its investors, paving the way for future growth and success.
Going public will to position OneStream for growth and innovation, potentially enhancing its software offerings and solidifying its market presence.
Increased Capital
The IPO will probably provide OneStream with substantial capital, which can be reinvested into product development, innovation, and enhancements to its software offerings. This can lead to new features and improved functionalities that meet evolving customer needs.
Market Visibility
OneStream’s profile in the market will be elevated similarly to Salesforce, attracting more attention from potential customers, partners, and investors. Increased visibility can also help the company expand its customer base and reach new markets.
Enhanced Credibility
After the IPO, OneStream can benefit from increased trust and credibility in the eyes of customers and stakeholders. This can enhance OneStream’s reputation as a leading provider of financial software solutions.
Access to Talent
With greater resources and visibility, OneStream may find it easier to attract top talent in software development, engineering, and sales, further enhancing the quality of its offerings.
Strategic Acquisitions
The capital raised through the IPO might allow OneStream to pursue strategic acquisitions of complementary technologies or companies, which will work to broaden its software capabilities and market reach.