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Irvine-based Alteryx Inc.'s planned initial public offering could snap a nearly two-year drought in Orange County.
The data analytics software maker aims to raise $75 million in the IPO, according to a registration statement filed with the Securities and Exchange Commission.
The public offering, which has yet to be priced, appears more likely to materialize than several others that have fizzled out in the last few years here, with some would-be candidates going the route of private buyouts and others holding off due to the tepid market for securities that marked much of last year.
The recent heat of the stock market has Alteryx planning its IPO for the "not too distant future," Chief Executive and co-founder Dean Stoecker told the Business Journal before declining to elaborate on a range of related issues. "I would love to talk with you, but we are in the quiet period."
Glaukos Corp., a Laguna Hills medical technology company, in June 2015 raised about $188 million in the last local IPO. The total pegged the market value of the company-which had $71.7 million in sales and a $37.2 million loss last year, with about 120 employees in OC and some 230 overall-at nearly $950 million (see chart this page). It has risen 69.7% since its IPO to a market value of about $1.61 billion.
Alteryx has been on a fast-track for the past two years, a period when it's doubled revenue and employment. It...