Kaltura goes public on Nasdaq
JULY 21, 2021 20.13 EUROPE/LONDON BY CHRIS DZIADUL

Kaltura has begun trading on the Nasdaq Global Select Market with the aim of raising $150 million.

The estimated market capitalisation of the New York/Israel-based cloud video management company is $1.3 billion and the offering is one of the largest IPOs in the video technology sector this year.

Kaltura’s 2020 revenue was approximately $120 million and revenue growth has been steadily accelerating, achieving 46% year-on-year in Q1 2021. The company’s estimated total addressable market is $55 billion.

As previously reported by Broadband TV News, Kaltura postponed an IPO in April due to lower than expected demand.