IPO

  • Broadband business Casa Systems up 11% following downsized IPO

    Broadband business Casa Systems up 11% following downsized IPO

    Casa Systems had a tough time pulling off its IPO this week. The broadband solutions company wanted to debut Thursday, but pushed its launch back to Friday, likely because of weak initial demand. Casa had planned to sell 8.4 million shares, but reduced it to 6 million following the investor roadshow. The IPO priced at $13 per share, but bounced up almost 11 percent, closing the day at $14.40. Read More

  • Squarespace reportedly raises about $200 million at a $1.7 billion valuation

    Squarespace reportedly raises about $200 million at a $1.7 billion valuation

    Squarespace, the 14-year-old platform that makes it easy for essentially anyone to build their own website, is raising about $200 million from General Atlantic, valuing the company at a $1.7 billion valuation, Bloomberg reports. The plan with the funding is to buy stock from early employees and investors, giving them a way to cash out if they’re not trying to wait around for an IPO. Read More

  • The rise of SPACs Crunch Network

    The rise of SPACs

    Every few years efforts to redefine the IPO emerge, and as night follows day, investors get hurt and calls for tighter regulatory reform echo in legislative chambers and cable TV studios. The last significant “re-invention” emerged in the height of the dot-com boom when online brokers started selling newly issued shares directly to retail customers. We all know how that ended. Read More

  • What is an IPO pop and why do VCs hate it so much?

    What is an IPO pop and why do VCs hate it so much?

    Over the weekend, several VCs tweeted that my headline recapping Stitch Fix’s first day of trading was too harsh. The headline read, “Stitch Fix up just 1% on first day of trading, after reducing size of IPO.” I didn’t say it “fumbled” or label it as “weak” and “disappointing” like many other media publications, but that would… Read More

  • Identity solutions business SailPoint up 8% following IPO

    Identity solutions business SailPoint up 8% following IPO

    SailPoint, the enterprise identity solutions business, went up 9 percent in its debut on the New York Stock Exchange Friday. The company raised $240 million; after pricing its shares at $12, it saw them rise to $13.11 on its first day of trading. Read More

  • Stitch Fix up just 1% on first day of trading, after reducing size of IPO

    Stitch Fix up just 1% on first day of trading, after reducing size of IPO

    Stitch Fix went up just 1 percent on its first day of trading. After pricing at $15, the company closed at $15.15. It’s also below the opening trade of $16.90. The company didn’t raise as much money as it had been hoping for. It raised $120 million, after pricing at $15, below the expected range of $18 to $20. The company also reduced the size of its IPO from 10 million shares to… Read More

  • Gaming firm Razer up 18% following Hong Kong IPO

    Gaming firm Razer up 18% following Hong Kong IPO

    Razer has continued a winning streak of IPOs from Asian companies after its share price surged as much as 41 percent up on its first day of trading on the Hong Kong Stock Exchange. The company, which makes accessories for PC gamers, laptops and is preparing to sell its first smartphone, raised $529 million from the sale of 1,063,600,000 shares. After deductions, Razer estimated its take-home… Read More

  • Twilio competitor Bandwidth up 6% following IPO

    Twilio competitor Bandwidth up 6% following IPO

    Bandwidth, a company that helps businesses with voice and text communication, debuted on the Nasdaq on Friday, going up about 6 percent on its first day of trading. After pricing its IPO at the bottom of the expected range at $20 per share, the company closed Friday at $21.19, or up about 6 percent. Read More

  • Crunch Report | Uber eyes 2019 IPO

    Today’s Stories
    Uber CEO says 2019 is the target for IPO Apple has acquired imaging sensor startup InVisage Technologies Twitter pauses account verifications after critics slam it for verifying Charlottesville rally organizer Credits Written by: MRD
    Hosted by: MRD
    Filmed by: Joe Zolnoski
    Edited by: Joe Zolnoski Read More

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