A banner celebrating the Informatica IPO on the front of the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2021. REUTERS/Brendan McDermid
(Reuters) - Shares of Informatica Inc fell nearly 5% in their stock market return on Wednesday, fetching a valuation of $7.5 billion for the enterprise software firm that was taken private six years ago.
Redwood City, California-based Informatica's shares opened at $27.55. The company sold 29 million shares priced at $29 apiece, at the bottom end of its price range, raising $841 million.
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