KKR-backed OneStream's shares rose nearly 30% in their Nasdaq debut on Wednesday, signaling investor demand for fresh offerings in 2024.
OneStream is attempting to raise $465.5 million in an initial public offering (IPO). The cloud-based enterprise finance platform revealed its plans in a filing with the Securities and Exchange Commission Monday (July 15).
OneStream is going public after deciding to raise $465.5 million that will value the company at $4.8 billion.