Cloud-based financial planning company Anaplan files for IPO
Cloud-based financial planning company Anaplan Inc. PLAN, +0.00% said it plans to go public to raise working capital and fund operations, according to a Securities and Exchange Commission filing late Friday. Anaplan said it plans to raise up to $100 million but that figure is usually used as a placeholder in filings and is subject to change. The company listed David Morton, who left Tesla Inc. TSLA, +0.22% after being chief accounting officer for less than a month, as its chief financial officer. The company reported revenue of $168.3 million and a loss of $47.6 million for the year ended Jan. 31, 2018, compared with revenue of $120.5 million and a loss of $40.2 million the previous year. Goldman Sachs, Morgan Stanley and Barclays are listed among the underwriters. The company plans to list under the ticker “PLAN” but did not list an exchange.