Elastic N.V. Prices IPO at $26.00-$29.00 Per Share (ESTC)

Elastic N.V. (ESTC) is planning to raise $192 million in an initial public offering (IPO) on Friday, October 5th, IPO Scoop reports. The company plans to issue 7,000,000 shares at a price of $26.00-$29.00 per share.

In the last 12 months, Elastic N.V. generated $184.9 million in revenue and had a net loss of $61.3 million.

Goldman Sachs, J.P. Morgan, Barclays and RBC Capital Markets served as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Jefferies and Canaccord Genuity were co-managers.

Elastic N.V. provided the following description of their company for its IPO: ”  Elastic created the Elastic Stack (previously known as the ELK Stack), a powerful set of software products that ingest and store data from any source, and in any format, and perform search, analysis, and visualization in milliseconds or less. Developers build on top of the Elastic Stack to apply the power of search to their data and solve business problems. We have also built software solutions on the Elastic Stack that address a wide variety of use cases including app search, site search, enterprise search, logging, metrics, APM, business analytics, and security analytics. The Elastic Stack and our solutions are designed to run on premises, in public or private clouds, or in hybrid environments. As the technology landscape shifts, our products grow and adapt. In that sense, we believe that our company is truly elastic. “.

Elastic N.V. was founded in 2012 and has 944 employees. The company is located at 800 West El Camino Real, Suite 350, Mountain View, CA 94040, US and can be reached via phone at (650) 458-2620 or on the web at http://www.elastic.co.

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