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Kaltura revives IPO plan

Company initially postponed IPO in early April due to a "lack of interest"

Video cloud provider Kaltura has revived its plan to go public and has resubmitted its prospectus to the US Securities and Exchange Commission.

The company first launched its initial public offering in March, when it intended to go public at a $2.2 billion valuation.

However, that was postponed on 1st April due to what was described as a lack on interest.

The new prospectus does not specify a company valuation, or share price. It does include Kaltura’s first quarter results which reveals the company’s revenue was $37.7 million, up 45.6 per cent from the corresponding quarter of 2020.

However, its operational expenditure in Q1 2021 was $30.7 million, up 58.3 per cent from the first quarter of 2020. The company recorded a net loss of $15.6 million in the first quarter of 2021, compared with a loss of $5 million in the first quarter of 2020.