KKR-backed OneStream prices US IPO above range to raise $490 million, sources say

Financial software maker OneStream (OS.O), opens new tab, which is backed by private equity firm KKR (KKR.N), opens new tab, priced its U.S. initial public offering (IPO) above its indicated range on Tuesday, raising $490 million, people familiar with the matter said.

The company, whose software offerings assist organizations with tasks including planning, budgeting and forecasting, and its shareholders sold 24.5 million shares, priced at $20 each, the sources said, requesting anonymity as the discussions are confidential.

Source: REUTER