KKR-Backed Finance Cloud Firm OneStream Files Publicly for IPO

KKR & Co.-backed software company OneStream Inc. has filed publicly for an initial public offering, disclosing growing revenue and shrinking losses.

The company had a net loss of $29 million on revenue of $375 million last year, compared with a loss of more than $65 million on revenue of $279 million in 2022, according to its filing Friday with the US Securities and Exchange Commission.

In addition to KKR, the company’s largest investors include an entity controlled by Robert Powers, chief technical officer and a director of OneStream, according to the filing. KKR will receive 5% or more ...