Silver Lake-Backed Talend Files for Initial Offering

Talend SA, the data-technology company backed by Silver Lake, filed for an initial public offering.

The company filed with an amount of $86.25 million, a placeholder that may change. It plans to list its American Depositary Shares on the Nasdaq Global Market under the symbol TLND, according to a filing Tuesday.

Talend, based in France but with its primary business in Redwood City, California, is an emerging growth company as defined in the Jumpstart Our Business Startups Act of 2012. It may take advantage of the reduced reporting requirements allowed under that definition, the filing shows.

Last year, Talend posted a net loss of $22 million on revenue of $76 million. That compares with a loss in 2014 of $22.5 million on revenue of $62.6 million.

Goldman Sachs Group Inc., JPMorgan Chase & Co., Barclays Plc and Citigroup Inc. are leading the deal.

Sumeru Equity Partners owns about 25 percent of Talend’s privately held stock, according to Tuesday’s filing. That firm was formed within Silver Lake in 2007 and later spun off, according to its website.

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