Kaltura, an open-source video platform for enterprises and media companies, began trading on the Nasdaq Global Select Market on Wednesday, with plans to raise $150 million at an estimated market capitalization of $1.34 billion.
Kaltura's initial public offering of 15,000,000 shares of its common stock was priced to the public at $10.00 per share. The shares began trading under the symbol 'KLTR'.
Kaltura provides live and on-demand video SaaS solutions to thousands of organizations around the world, engaging hundreds of millions of viewers at home, at work, and at school. Its off-the-shelf SaaS products are known for their unparalleled flexibility, modularity, extendibility, and ease of integration. They are all built on top of hundreds of open APIs for video ingestion, transcoding, metadata management, distribution, publishing, engagement, monetization, and analytics.
