initial public offering

  • Baidu’s iQiyi video service raises $1.53 billion

    Baidu’s iQiyi video service raises $1.53 billion

    Baidu is charging up its video content push after iQiyi, its YouTube-style service in China, raised $1.53 billion from the sale of convertible notes to investors. The deal appears to end speculation that the firm was mulling an IPO. iQiyi, which had an offer to go independent fall through last year, raised the capital from a number of top-name investors including Hillhouse Capital… Read More

  • Venture capital in 2017 is when the rubber hits the road for returns Crunch Network

    Venture capital in 2017 is when the rubber hits the road for returns

    In the United States, VC funds raised a whopping $40.6 billion in 2016[1]. It was the largest year for VC fundraising since 2000 when the venture industry raked in a jaw dropping $101.4 billion[1]. Yet the 2016 exit market was a mixed bag. Despite many forecasting (hoping?) that herds of unicorns would enter the public market in 2016, the IPO market was lackluster at best. There were only 31 U.S. Read More

  • Mall cop robot startup Knightscope is launching a “mini-IPO”

    Mall cop robot startup Knightscope is launching a “mini-IPO”

    Knightscope, the Dalek-like mall security robot startup we’ve mentioned here before has decided to do one of those new crowdsourced “mini-IPOs.” Also referred to as Regulation A+, these types of public offerings for private companies just became legal about a year ago to give startups access to capital from just about anyone. They are basically crowdfunding with… Read More

  • Bio
    Silicon Valley Bank predicts a 2017 cure for the healthtech investment doldrums

    Silicon Valley Bank predicts a 2017 cure for the healthtech investment doldrums

    Things are looking up for biotech and health device startups wanting to cash in on VC dollars or go public this year. According to Silicon Valley Bank’s latest report on healthcare investments and exits, a conservative 2016 has set up 2017 for a hearty boom. Though biopharma M&A activity declined slightly last year and IPOs declined more than 30 percent, according to the report… Read More

  • Coupa is the latest unicorn to file for an IPO

    Coupa is the latest unicorn to file for an IPO

    It has been a slow year for tech IPOs, but cloud software maker Coupa has publicly filed. This is generally an indication that the company will debut on the stock market in a matter of weeks. The unicorn, whose largest shareholders include Battery Ventures and BlueRun Ventures, plans to list on the Nasdaq under the ticker, “COUP.” The company plans to raise roughly $75 million… Read More

  • Twilio beats expectations with revenue of $64.5M in solid Q2 earnings

    Twilio beats expectations with revenue of $64.5M in solid Q2 earnings

    Twilio, exceeded revenue expectations in Q2 earnings released today after the bell. Immediately share prices increased in after-hours trading before falling back to the market closing price. The cloud-communications company reported revenue of $64.5 million and a loss per share of $0.08. Twilio beat revenue by over 10 percent. Analysts had expected a loss of $0.14 per share on revenue… Read More

  • What’s next for Twilio and its unicorn brethren?

    What’s next for Twilio and its unicorn brethren?

    Brexit. Trump. The Federal Reserve. The world threw nearly everything at Twilio for its untimely IPO. Despite market volatility, the company continues to impress. The week the world met Twilio can only be defined as positive. Unfortunately, the greatest challenges for the company lie ahead. Short Term Herd behavior fuels IPOs. Casual investors often jump in immediately because of the… Read More

  • Signs point to a contraction, but no one’s bursting venture capital’s bubble Crunch Network

    Signs point to a contraction, but no one’s bursting venture capital’s bubble

    Regardless of the economic climate, the real job of any investor is to help entrepreneurs build meaningful companies and technologies. The best investors that we know don’t try to time the market, and neither do the best entrepreneurs. We have to keep at it. Read More

  • Dropbox says it is cash flow positive, in no rush to IPO

    Dropbox says it is cash flow positive, in no rush to IPO

    With a $10 billion valuation, cloud storage business Dropbox is larger than many public companies. But don’t expect an IPO anytime soon, according to CEO Drew Houston. “Nothing right now,” said Houston, when asked if the company was working on a plan to go public. Speaking at Bloomberg’s Technology Conference in San Francisco, Houston said that Dropbox is… Read More

  • Are buyouts the new IPOs?

    Are buyouts the new IPOs?

    Buyouts may replace IPOs as the exit of choice for tech companies in the coming months. This comes as the number of startups unable to exit into a frozen market continues to grow. With only two tech IPOs so far in 2016, and poor market returns for the majority of those already public, companies are turning elsewhere to cash in on their efforts. Just this week, analytics firm QLik was… Read More

  • Will Twilio reopen tech IPO window?

    Will Twilio reopen tech IPO window?

    Twilio, the cloud communications platform, has revealed its IPO filing, signifying that it could enter the public markets as early as next month. If the company ends up going through with its plans, it would likely be just the third tech IPO of the year. This has been the worst year for public offerings since the 2009 recession. Twilio has been rumored to be entering the public markets for… Read More

  • Acacia soars 35% in second tech IPO of the year

    Acacia soars 35% in second tech IPO of the year

    It has been a terrible year for tech IPOs. Until now, only SecureWorks braved the market and it didn’t go well. But Acacia Communications braved the public markets today and outperformed expectations. After pricing its offering at the top of the range at $23 per share, the company soared to above $30 in its first day of trading, yielding a market cap of above $1 billion. Read More

  • What bubble? VCs spent $12 billion on startups in first quarter

    What bubble? VCs spent $12 billion on startups in first quarter

    Venture capitalists will tell you that a lackluster IPO market and struggling tech stocks mean that they are being more cautious, but the data suggests otherwise. Apart from last year, which saw $13.7 billion invested in the first quarter, National Venture Capital Association data shows that the $12.1 billion invested at the beginning of 2016 was the best start to a year since the dot-com boom… Read More

  • Bio
    Editas biotech stock drops by 26 percent over CRISPR patent dispute

    Editas biotech stock drops by 26 percent over CRISPR patent dispute

    Gene editing outfit Editas has been one of the most successful tech IPOs of 2016 so far, with shares skyrocketing up 130 percent shortly after the company’s public debut. But the stock has now plummeted nearly 26 percent in after-hours trading over concerns it might not be able to legally use the technology it’s built upon. Some on Twitter believe the drop to be part of a… Read More

  • After Cancelling Its IPO, Deezer Raises Another $109M From Access And Orange

    After Cancelling Its IPO, Deezer Raises Another $109M From Access And Orange

    Deezer, the Paris-based music and other audio streaming service with 6.3 million users that planned but ultimately cancelled an IPO last year, has now tapped existing investors for more funding. Today the company is announcing that it has raised another €100 million ($109 million), led by Warner Music Group owner Access Industries and with participation also from French carrier… Read More

  • With RAISE Act, Congress Paves Way For Private Secondary Markets

    With RAISE Act, Congress Paves Way For Private Secondary Markets

    Included within the FAST Act is a section, the Reforming Access for Investments in Startup Enterprises (“RAISE”) Act, which codifies a previously unwritten means through which startup employees, ex-employees, early investors, and other shareholders have been legally allowed to sell their shares. Read More

  • Dell Subsidiary SecureWorks Files To Go Public, Shows Ramping Losses

    Dell Subsidiary SecureWorks Files To Go Public, Shows Ramping Losses

    Today Dell subsidiary SecureWorks filed to go public, showing expanding revenue, and ramping losses. Dell, then a public company, acquired SecureWorks in 2011 for a reported $612 million. TechCrunch reported in October that SecureWorks had filed for an IPO privately. The company’s S-1 filing, released today, fits into that timing. Before we get into the numbers, keep in mind the… 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

  • Down Round Doom? The Data Says No Crunch Network

    Down Round Doom? The Data Says No

    A recent discussion on the tech IPO market yielded the comment “all IPOs this year were down rounds.” Square’s recent IPO priced below its last private offering, spurring Khosla (a Square investor) partner Keith Rabois to comment to The Wall Street Journal that “the steroid era of startups is over.” But the data on IPO down rounds, a concept we first reported on… Read More

  • The True Impact Of The Snapchat Writedown For Entrepreneurs Crunch Network

    The True Impact Of The Snapchat Writedown For Entrepreneurs

    Writing down unicorns benefits everyone. Read More