IPO

  • IPO Slowdown: A Look At Company Profitability Crunch Network

    IPO Slowdown: A Look At Company Profitability

    The IPO market cooled in 2015. There were fewer of them, they raised less capital and performance was down. Investor sentiment and a sideways public market were primary drivers, but the quality of the IPO merchandise needs to be examined, as well. Read More

  • A Year After IPO, Depressed Stock Price Not Bringing Box CEO Down

    A Year After IPO, Depressed Stock Price Not Bringing Box CEO Down

    It was just about a year ago that Box finally pulled the trigger and IPOed. It was a good day by all accounts, with an IPO price of $14 that promptly went up to $23 a share. Today that price sits below $10 a share, well below that $14 launch price and light years from that heady first day close. All that said, Box CEO Aaron Levie reports he has no regrets about going public and insists he… Read More

  • Going Public Isn’t Selling Out, It’s The Best Way To Stay Alive Crunch Network

    Going Public Isn’t Selling Out, It’s The Best Way To Stay Alive

    When Amazon went public in 1997, its stock opened 62.5 percent above the target price and the company ended its day $54 million richer than it had started it. In the three years or so leading up to the IPO, Jeff Bezos had finally begun to prove that the company had a viable business model, real revenues and a proven approach. Investor confidence was high. But how would things have played out… Read More

  • Hipchat-Maker Atlassian Prices IPO at $21

    Hipchat-Maker Atlassian Prices IPO at $21

    It’s the last big tech IPO of the year. Atlassian has just priced at $21 per share, above the expected range of $19 to $20. Releasing 22 million shares, the company is raising $462 million. The Australian-based software company has a suite of enterprise products including Slack competitor HipChat, JIRA and Confluence. Read More

  • Are IPOs The New Down Rounds?

    Are IPOs The New Down Rounds?

    It’s become a meme in tech circles, “IPOs are the new down round,” venture capitalists quip. The dreaded “down round,” when a startup raises capital beneath its prior valuation, is getting pushed back to the public markets. While most companies grow their value in the stock market, Square, Box  and Hortonworks went public at market caps that were lower than what… Read More

  • Tinder Owner Match Group Debuts On Nasdaq At $13.50/Share, Up 12.5%

    Tinder Owner Match Group Debuts On Nasdaq At $13.50/Share, Up 12.5%

    After a bizarre interview from one of its executives on the day of its IPO pricing, today Match Group, owner of the popular Tinder dating app, listed as a public company, spinning out from its parent IAC. The company yesterday raised $400 million with its IPO priced at $12 per share, and today it opened for trading as $MTCH at $13.50/share, a pop of 12.5%. The company’s $12 share… Read More

  • Instructure Up 8% From IPO, CEO Sees “Huge Renaissance” In EdTech

    Instructure Up 8% From IPO, CEO Sees “Huge Renaissance” In EdTech

    Instructure, the Utah-based educational technology company, went public on the New York Stock Exchange on Friday. After pricing at $16, shares were up 8 percent by early afternoon trading. Instructure builds educational software for both K-12 education and corporate learning. The Blackboard competitor says it has over 10 million users of its products in over 25 countries. Read More

  • JP Morgan To Grant IPO Access To Everyone

    JP Morgan To Grant IPO Access To Everyone

    Traditionally limited to institutional investors and high-net-worth clients, J.P. Morgan is about to make it easier for retail investors to gain access at the IPO price. The bank is announcing today that it will partner with Motif Investing to give ordinary investors the option to purchase shares in IPOs that are managed by J.P. Morgan. Read More

  • Dell Files IPO for Cybersecurity Unit

    Dell Files IPO for Cybersecurity Unit

    Dell Inc. has filed confidentially for an IPO for its SecureWorks cybersecurity unit, TechCrunch has confirmed. The IPO is anticipated to happen before the end of the year. First reported by the Wall Street Journal, SecureWorks could be valued at up to $2 billion. The report said that SecureWorks is working with Bank of America and Morgan Stanley to manage the IPO. Dell acquired SecureWorks… Read More

  • Pure Storage Prices IPO At $17

    Pure Storage Prices IPO At $17

    Enterprise storage company Pure Storage has raised $425 million after pricing its IPO on the NYSE at $17 per share, as originally reported by the Wall Street Journal. The company is trading under the ticker, “PSTG.” The Mountain View-based company competes with Dell, EMC, HP and others to provide flash storage products for businesses. Pure Storage warned in its filing that some… Read More

  • Beyond Tech IPOs Crunch Network

    Beyond Tech IPOs

    Technology darlings like Uber, Pinterest and Airbnb may be taking their time on the way to exit, but that doesn’t mean IPOs aren’t happening. They’re alive and well in the consumer space — from food brands to premium pet food and retail establishments. So why are these companies pursuing IPOs — and finding success in the markets — while tech companies… Read More

  • There Is No Silicon Valley Crash Coming — For A While Crunch Network

    There Is No Silicon Valley Crash Coming — For A While

    Talk of the bubble bursting eventually surfaces with every successful market. When valuations are increasing exponentially, excitement is building to a fever pitch, and companies are sprouting seemingly overnight — it’s almost like everyone becomes afraid that success won’t last. Read More

  • Apigee Closes Its First Public Day Worth $16.68 Per Share, Down 1.9% From Its IPO Price

    Apigee Closes Its First Public Day Worth $16.68 Per Share, Down 1.9% From Its IPO Price

    Apigee, a company that helps organizations build and manage API connectors, went public this morning at $17 per share, briefly jumping to $20 per share before closing at $16.68, down 1.88 percent in its first day of regular trading. After-hours, the company is flat. The company sold 5,115,000 shares in its IPO, raising $87M according to its CEO Chet Kapoor. It trades under the… Read More

  • As Box IPO Surges, Startup Community Reacts

    As Box IPO Surges, Startup Community Reacts

    Box’s IPO was never a normal deal. When Wall Street cooled to tech IPOs last year, especially involving firms that are subscription-based with high customer acquisition costs, the Box offering became the canary in the Wall Street coal mine. The general consensus was that if Box succeeded, other firms could follow, allowing Silicon Valley and its attached investor class to breathe… Read More

  • Box Said To Price IPO At $14 Per Share, Will Raise $175M At $1.67B Valuation

    Box Said To Price IPO At $14 Per Share, Will Raise $175M At $1.67B Valuation

    Box has priced its IPO at $14 per share, according to a Reuters report citing an underwriter of the offering. The company initially priced its shares in the range of $11 to $13, a more conservative band than it had initially signaled in its first S-1 document. The price values Box at approximately $1.67 billion. Box last raised private capital at a $2.4 billion valuation, making the IPO… Read More

  • Box Has Always Been About Reshaping Enterprise Software

    Box Has Always Been About Reshaping Enterprise Software

    One of Box’s earliest marketing stunts was a series of billboards on California’s Route 101 in which it made no bones about going after enterprise content management (ECM) big shot, Microsoft SharePoint. While many would like to pigeonhole Box as storage or sync and share, Box has always had other ideas. From the earliest days in its transition from a consumer to enterprise… Read More

  • Box Finally Ready To Hit Go On IPO

    Box Finally Ready To Hit Go On IPO

    Box filed its S-1 indicating it was ready to go public on March 24th last year. More than 9 months later, Box has at long last announced its share pricing, signalling the road show to Wall Street is ready to start — finally. But the 9-month waiting period was really only part of the story. Box is the quintessential start-up story, conceived in a dorm room by childhood friends, Aaron… Read More

  • Box’s Conservative IPO Pricing Is Not Surprising

    Box’s Conservative IPO Pricing Is Not Surprising

    Today Box priced its IPO with a proposed range of $11 to $13 per share. Box intends to sell 12.5 million shares in its offering. Its road show comes after a long delay in the company’s offering, during which it raised an additional $150 million of capital. According to the current filing, its maximum aggregate sale is $186.9 million. Box originally filed to raise as much as $250… Read More

  • Here’s How Microsoft Described Its Newfangled Product Called “Windows” When It Went Public

    Here’s How Microsoft Described Its Newfangled Product Called “Windows” When It Went Public

    Microsoft shipped the first version of Windows on November 20, 1985. The company went public on March 13, 1986. That means that Microsoft pulled the trigger on its IPO mere months after Windows was first launched into the market. Until today I didn’t know that the two events occurred so close together. Given that I was roughly negative 3 or 4 at the time, I’ve decided to… Read More

  • IPOs Heat Up, Lindsay Lohan's New Game, And VR Goes Mobile

    CrunchWeek: IPOs Heat Up, Celebrities In Gaming, And VR Goes Mobile

    This week, Sarah Buhr, Alex Wilhelm and myself chatted about the resurgence of the tech IPO over the last few days, game developers attaching celebrities to their freemium games, and the big news from Samsung and Google in the VR space. Read More

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