Congratulations to our longtime valuation client, Appian, on its successful IPO!
MCLEAN, VA – June 1, 2017 – Appian provides a leading low-code software development platform that enables organizations to rapidly customize powerful and unique applications. The applications created on Appian’s platform help companies drive digital transformation and competitive differentiation. Appian began trading on May 25th at $12 per share, raising $75 million for the company. Appian is the DC area’s first tech IPO of 2017.
We are honored to have had a long-term working relationship with Appian providing valuation services leading up to its successful IPO. Congratulations!
2017 IPO Market Highlights
The 2017 IPO market is off to a great start with the number of Q1 2017 IPOs tripling the number a year-ago. In addition, the IPOs have been diversified across many industry sectors compared to Q1 2016 which was concentrated in the health care sector.
ABOUT THE MCLEAN GROUP
The McLean Group is a leading investment bank that provides objective strategic and financial advice on mergers and acquisitions and business valuations. Our investment banking advisory and valuation services are built on comprehensive industry knowledge, extensive transaction experience, senior-level attention to every client engagement, and a real-time understanding of industry-specific value drivers. By partnering with clients and providing strategic advice through every phase of a company’s development, The McLean Group is uniquely positioned to support our clients’ long-term success.
Through a dedicated business valuation practice, we provide a comprehensive offering of objective valuation services, including financial security and intangible asset valuations for a variety of transaction, financial reporting, and tax purposes. We advise boards of directors, investors, trustees, and other corporate leaders on a range of issues, and render valuation opinions for equity inventive plans, ESOPs, fairness opinions, estate and gift tax valuations, intangible asset valuations, and litigation support.