HOLMDEL, NJ iCIMS, one of the leading talent platforms in the US (and increasingly, global) market has filed for an $100 million IPO with the SEC. According to the filing, the company considers itself 'an “emerging growth company” as defined under the federal securities laws, and as such, we have elected to comply with certain reduced reporting requirements for this prospectus and may elect to do so in future filings.'
The company was founded in 2000 and booked $265 million in revenue for the 12 months ended June 30, 2021.
The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined. iCIMS intends to list its common stock on the Nasdaq Stock Market under the ticker symbol "TLNT".
iCIMS states in the filing that: "[they] believe an integrated end-to-end software solution to attract talent, engage candidates, hire employees, and advance careers is more critical now than ever before. The iCIMS Talent Cloud enables the world’s best brands to build the pipeline that matters the most—their talent pipeline—and innovate, differentiate, and succeed through their talent."
As of June 30, 2021, iCIMS supported 4,198 customers in over 200 countries and territories, including enterprises such as Dish Network, Emory University and Emory Healthcare, Keurig Dr Pepper, and Uber. Its customers, which include over 25% of the Fortune 500, managed approximately 64 million applicants and made more than 3.8 million hires through the iCIMS Talent Cloud during 2020.
Morgan Stanley, J.P. Morgan and Citigroup are acting as lead book-running managers for the proposed offering, with Barclays Capital Inc. and Credit Suisse acting as joint book running managers. Baird, Needham & Company, Oppenheimer & Co. Inc. and Stifel are acting as co-managers for the proposed offering. iCIMS has raised a total of $92.6M in funding over 4 rounds, with the latest funding in 2018 from a Private Equity round.
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