So, the news is out. QlikTech registered for IPO.
As we outlined in our previous post the company is looking to raise $ 100 million and plans to use $6.9 million of the proceeds to pay off debt and the rest for general corporate purposes.
We decided to have a look at the Security and Exchange Commission filings. The document reveals some interesting details about QlikTech’s financials in the past years.
In 2005 QlikTech had revenues for $ 24.4 million and reached $ 157.3 million in 2009. The below graphs shows the evolution from 2005 to 2009. Quite impressive.
I am not an expert in IPO documents, but I am always very amused by “legalese”. I am referring to the “Risk Factors” section where you can read things like this:
If we are unable to recruit or retain skilled personnel, or if we lose the services of any of our key personnel, our business, operating results and financial condition could be harmed.
We embedded the S1 Form below. If you find something interesting, let us know in the comments
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