IPO

  • 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

  • Box Files Third-Quarter S-1 Update Amid Improving IPO Climate

    Box Files Third-Quarter S-1 Update Amid Improving IPO Climate

    Box filed its third quarter S-1 update today, almost nine months after they originally filed the document required for an initial public offering. This time the numbers look a bit better, but there were still enough negatives to continue to raise some red flags. Still, given the improving IPO climate in Silicon Valley, Box appears closer to finally pulling the IPO trigger. Read More

  • Hortonworks Wastes No Time Setting Price For Its IPO

    Hortonworks Wastes No Time Setting Price For Its IPO

    In a time where we have S-1 filings that sit for months, Hortonworks proves the exception. After filing its S-1 just last month, the company updated its S-1 today, setting its IPO price, filing a $78M IPO with 6M shares at a price range of $12-14 per share. At the midpoint of the proposed range, Hortonworks would command a fully diluted market value of $659 million, Renaissance Capital… Read More

  • Box COO Defends Company’s Spending, Calls It ‘Disciplined’

    Box COO Defends Company’s Spending, Calls It ‘Disciplined’

    In a conversation last week at Web Summit in Dublin, Box COO Dan Levin talked to me about the shellacking the company received after it filed its S-1 last spring. Levin expected that dogs would come out, but he said he was still surprised by the vitriolic reaction the company received, especially around their spending. The response after the announcement was swift and brutal. People looked… Read More

  • New Relic Files To Go Public

    New Relic Files To Go Public

    New Relic, a company that provides app-monitoring on a SaaS-basis, filed to go public today. The company intends to use the ticker symbol “NEWR” in the flotation, and its offering is underwritten by Moran Stanley, J.P. Morgan, and four other groups. The company’s financials appear to be strong, when compared to current market norms. In the first 6 months of 2014, the company… Read More

  • Momo, A Flirting App With 180M Users, Is Latest Chinese Tech Firm To File For A U.S. IPO

    Momo, A Flirting App With 180M Users, Is Latest Chinese Tech Firm To File For A U.S. IPO

    This year’s been notable for Chinese tech IPOs in the U.S.. Alibaba, close rival JD.com and Weibo — China’s Twitter equivalent — have listed on North American soil, but there’s another incoming. Momo, China’s top dating app, has filed for a $300 million public listing. Read More

  • HubSpot Spikes 20% Over Its IPO Price In Strong Debut

    HubSpot Spikes 20% Over Its IPO Price In Strong Debut

    HubSpot is having a hell of day. After raising its IPO price range, the company pulled the trigger above that level, selling its shares for $25 each. That’s a far cry from the original low-end of its first proposed price range of $19. The markets welcomed the company’s offering, pushing its shares up more than 20 percent at the time of writing. Yahoo Finance lists… Read More

  • Box Said To Further Delay Its IPO

    Box Said To Further Delay Its IPO

    Box, an enterprise-facing cloud storage and productivity company, is said to be further delaying its initial public offering (IPO). The delay could last until its fiscal fourth quarter, which ends after the first month of the new year. This is viscerally unsurprising given that the company has consistently said that it will go public when it makes sense, and that it closed another round of… Read More

  • Why Is Box Taking So Long To Pull The IPO Trigger?

    Why Is Box Taking So Long To Pull The IPO Trigger?

    On March 24th, Box filed for its long-awaited IPO and went into the dreaded quiet period. It’s been over six months now since Box filed its S-1 form, signaling it would look for $250 million in its public offering. Prior to the announcement, Box was one of the hottest startups in technology, but after months of delay, with its IPO still sitting on the table, it is fair to wonder what… Read More

  • After $25B IPO, US Cloud Infrastructure Players Best Pay Attention to Alibaba

    After $25B IPO, US Cloud Infrastructure Players Best Pay Attention to Alibaba

    Amazon Web Services better watch its back. And while we’re at it, let’s issue a warning to Microsoft and Google and just about any cloud service you can think of, because there is a new player in town and they have a lot going for them including being based in China and oh, getting a record-setting IPO last Friday that resulted in raising a whopping $25B. That kind of money gives… Read More

  • Alibaba Spikes, Yahoo Sags

    Alibaba Spikes, Yahoo Sags

    Alibaba’s IPO touched down today to large success. The company’s shares soared more than 38 percent in regular trading, pushing the valuation of the Chinese e-commerce company north of $225 billion. The success of the offering, however, did not bolster Yahoo, whose stock fell during midday trading, dipping under the $40 mark before partially recovering. Yahoo owns a large stake… Read More

  • Alibaba Opens Trading At $92.70, Up 36 Percent From Its IPO Price

    Alibaba Opens Trading At $92.70, Up 36 Percent From Its IPO Price

    Alibaba just opened trading on the New York Stock Exchange at $92.70 per share, up 36 percent from the $68 share price of its initial public offering. The Chinese e-commerce giant raised $21.8 billion in its IPO, making it the biggest US public offering ever. Read More

  • Rocket Internet Confirms It Will Hold An IPO Later This Year

    Rocket Internet Confirms It Will Hold An IPO Later This Year

    After much speculation, German super-incubator and clone factory Rocket Internet has confirmed that it plans to launch an initial public offering later this year on the Frankfurt Stock Exchange. Rocket Internet intends to raise up to $970 million in the IPO and plans to use the proceeds to “finance its future growth through the launch of new businesses and [provide] further equity capital… Read More

  • LendingClub Files For $500M IPO

    LendingClub Files For $500M IPO

    LendingClub, a company that provides an online loan marketplace, filed today to go public. According to its S-1 document, the company intends to raise up to $500 million in its flotation. LendingClub, as with many technology companies currently seeking the public markets, has quickly growing revenues but isn’t profitable. Read More

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