Software company Splunk Inc. plans to sell up to $125 million of its shares in an initial public offering.
The deal value is subject to change as the company and the banks involved in the deal gauge investors' interest.
Splunk, which is based in San Francisco, provides software that helps companies collect and analyze internal data. The company says it had more than 3,300 customers as of the end of October, including Bank of America Corp., cable company Comcast Corp., business software supplier Salesforce.com Inc. and online game maker Zynga Inc.
Splunk said in a regulatory filing Thursday that it plans to use the offering's proceeds to invest in the company and for general business purposes, and possibly to acquire other businesses or products.
The company has never been profitable, but sales are growing quickly. Revenue grew 89 percent to $66.2 million in 2011. The company posted a net loss of $3.8 million, compared with a net loss of $7.5 million in 2010.
Splunk says it plans to trade under the "SPLK" ticker symbol. It did not say how many shares it planned to sell, set a price for its shares or predict a date for going public.
