Cloud video management company Kaltura has postponed its Initial Public Offering (IPO), initially planned for Thursday.
Kaltura was to have listed on NASDAQ, but delayed its market entry due to a lower than expected demand.
It was looking to raise around $275 million through shares priced in the of $14-16. It’s reported Kaltura was expecting towards the higher end of the price bracket.
The market is watching for signs of what might happen with other tech companies including Vimeo, Bumble and Squarespace amid some uncertainty.
Kaltura provides live, real-time and on demand video products, based around its Video Experience Cloud.
Customers include Vodafone, Swiss public broadcaster SRG and Israel’s Cellcomm TV.