OneStream Raises $490 Million in Highly Anticipated IPO

Financial software company OneStream, supported by private equity giant KKR, revealed its U.S. IPO exceeded expectations, raising $490 million. The firm, which aids organizations in planning, budgeting, and forecasting, sold shares at $20 each, resulting in a valuation of $4.6 billion.

Financial software provider OneStream, backed by private equity leader KKR, has successfully priced its U.S. initial public offering (IPO) above its indicated range, raising $490 million, according to sources familiar with the matter.

The company, known for its software solutions that assist organizations with planning, budgeting, and forecasting, alongside its shareholders, sold 24.5 million shares at $20 each. This successful IPO has valued OneStream at $4.6 billion, sources indicated, preferring to remain anonymous due to the confidential nature of the discussions.

Neither OneStream nor KKR immediately responded to requests for further comments.