Company Overview

California-headquartered Informatica Inc. (NYSE: INFA) was founded in 1993. As an enterprise software developer, it enables enterprises to create a single reliable source for their data, thus, creating a compelling 360-degree customer experience.

Initial Public Offering

The company had launched its IPO on October 27, 2021 under the ticker INFA and had sold approximately 29 million shares at $29 each. We had covered this IPO in our ‘Kalkine IPO Report’ on October 25, 2021, and concluded that this IPO was “Attractive” given its presence in the enterprise software business, strong clientele, aggressive growth plan and positive outlook.

Hourly Price Chart (as on December 1, 2021). Source: REFINITIV, Analysis by Kalkine Group 

Conclusion

Investors who have invested into this IPO can consider ‘Exiting’ from their position at the closing price of $33.96 as on December 1, 2021, given:

• Decent gains: The stock has moved up ~17% from its IPO price of $29/share and is giving a decent gain in a short time duration.
• Forex Risk: As the customer base of the company is scattered across the globe, strength in the US Dollar Index could impact the company's financial performance.
• Covid Related Risk: Detection of the new mutated coronavirus variant-Omicron, could add significant uncertainty in the markets and impact the stock price.
  

*The reference data in this report has been partly sourced from Refinitiv.