New Zealander Guy Haddleton talks at CEO Summit 2015 about what it takes to build a billion-dollar business. Photo / YouTube
New Zealander Guy Haddleton talks at CEO Summit 2015 about what it takes to build a billion-dollar business. Photo / YouTube
Software company Anaplan debuted on the US stock market on Friday, quickly climbing to a market capitalisation of almost US$3 billion (NZ$4.6 billion).
The business, originally founded by Kiwi Guy Haddleton and entrepreneur Michael Gold, offers cloud-based business planning and performance management services.
The first day of trading saw thecompany's shares jump 43 per cent to $24.30 by the end of the first day of trading.
According to a report in CNBC, the company raised US$263.5 million from its initial public offering, starting with a share price of $17 a piece.
Anaplan was founded in 2016 by Kiwi rich-lister Guy Haddleton. Photo / File
Anaplan was founded by Haddleton and Gold in the UK in 2006.
After several years developing the product and getting it ready for the market, it was finally launched to the public in 2010.
In the years that followed, the business attracted a steady stream of investment and by 2016 developed into a tech unicorn (a business with a valuation of over US$1 billion).
This is not the first business Haddleton has been involved with.
A member of New Zealand's illustrious Rich List, Haddleton previously founded and sold business planning software Adaytum to IBM Cognos in 2003 for US$160 million.
He then went on to become one of the early investors in Xero, before starting Anaplan.
More recently, Haddleton invested $15 million in New Zealand medicinal cannabis startup Helius Therapeutics, allowing the business to move into a sprawling building in East Tamaki.
At the time of announcing the investment, Haddleton told the Herald that he saw massive potential in the company to capitalise on what will become a major future industry.
"Helius Therapeutics has all the features we seek in a high-potential investment," he said.
