Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company’s platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured. Its principal software markets include the markets for low-code development platforms, case management software, business process management, and platform-as-a-service. The company was founded in 1999 and is based in Reston, Virginia.
Appian Corporation (APPN) today announced the launch of a proposed underwritten public offering of 2,500,000 shares of its Class A common stock, of which 1,931,206 shares of Class A common stock are being offered by Appian and 568,794 shares of Class A common stock are being offered by existing stockholders of Appian. Appian will not receive any of the proceeds from the sale of shares of Class A common stock by the selling stockholders. Morgan Stanley is acting as sole underwriter in the offering.
One growth stock that could double your money over the next five years is the low-code software provider Appian (NASDAQ: APPN). Two other promising stocks are leaders in the growing video game industry, Take-Two Interactive (NASDAQ: TTWO) and Glu Mobile (NASDAQ: GLUU). Investors should consider buying shares of Appian.