WANdisco has raised $42m (gross) at 446p, 7% above the undisturbed closing price. The proceeds will be used to accelerate the execution of its existing business plan and will bolster its balance sheet ahead of a potential US listing. It has also struck a partnership deal with Snowflake to help accelerate the migration of on-premise Hadoop data. FY21 sales guidance of ‘at least $35m’ (Edison estimate $37m) is reiterated. We make minor estimate changes to reflect the capital raising and updated co ....
11 Mar 2021
WANdisco - Capital raising and Snowflake partnership
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WANdisco - Capital raising and Snowflake partnership
Cirata Plc (CRTA:LON) | 66.5 0 0.0% | Mkt Cap: 76.4m
- Published:
11 Mar 2021 -
Author:
Dan Gardiner -
Pages:
4
WANdisco has raised $42m (gross) at 446p, 7% above the undisturbed closing price. The proceeds will be used to accelerate the execution of its existing business plan and will bolster its balance sheet ahead of a potential US listing. It has also struck a partnership deal with Snowflake to help accelerate the migration of on-premise Hadoop data. FY21 sales guidance of ‘at least $35m’ (Edison estimate $37m) is reiterated. We make minor estimate changes to reflect the capital raising and updated co ....