IPO

  • Snap tumbles 12% on day three, erases gains

    Snap tumbles 12% on day three, erases gains

    Snapchat parent Snap Inc. debuted on the stock market Thursday and immediately saw substantial gains on its first two days. But the excitement has already worn off, with shares tumbling more than 12 percent on day three. After finishing Friday at $27.09 per share, Snap closed at $23.77 on Monday, beneath the $24 where it opened on its first day of trading. This is still above the $17… Read More

  • Weekly Roundup: Snap’s soaring public debut, major AWS outage

    Weekly Roundup: Snap’s soaring public debut, major AWS outage

    Snap debuts as a public company in soaring IPO, AWS suffers major outage and Nokia is reviving Snake. These are the top tech headlines of the week explained. Read More

  • Crunch Report | Snap Inc. Makes its Debut

    Snap makes its debut on the New York Stock Exchange, NASA makes its software catalog public and one bitcoin becomes more valuable than one ounce of gold. All this on Crunch Report. Read More

  • Snap stock finishes up 44% on first day

    Snap stock finishes up 44% on first day

    Snap, the parent company of Snapchat, had a great day in its debut on the New York Stock Exchange. After pricing the IPO at $17 per share yesterday, the stock opened at $24. It then closed the day at $24.48, a 44 percent premium to the people who bought it yesterday. But like with all IPOs, not everybody got to access Snap’s IPO price. This is usually reserved for a smaller group… Read More

  • App platform company MuleSoft files for IPO

    App platform company MuleSoft files for IPO

    MuleSoft is the latest “unicorn” to file for an IPO. The company, which helps businesses like Netflix and Spotify with their APIs, has unveiled its financials to the public in an S-1 filing, suggesting that they are targeting a debut as soon as March. The size of the proposed IPO is $100 million, but that is subject to change. In the filing we see that MuleSoft had $187.7… Read More

  • Snap takes aim at Facebook in roadshow video

    Snap takes aim at Facebook in roadshow video

    Snap is about to embark on its investor roadshow as it prepares to go public at the beginning of March. And a new video gives a glimpse at how they will be trying to persuade Wall Street to buy shares. The video starts off with CEO Evan Spiegel emphasizing their mission as a “camera company.” He compares Snap’s video experience to Alexander Graham Bell’s invention of… Read More

  • The bull case for Snapchat Crunch Network

    The bull case for Snapchat

    Before I make a product-driven case for Snap Inc. achieving a $100B market cap by 2020, I should note that I’ve been a Snapchat bear for much of the company’s existence. That guy at the water cooler scoffing at Evan Spiegel for turning down Facebook’s $3B acquisition offer and complaining that the Snapchat app violates every principle of user-centric design? Guilty. Read More

  • Crunch Report | Snap files publicly for its massive IPO

    Snap files publicly for its massive IPO, Uber will pause its service in Taiwan starting February 12th, Pokémon GO crosses $1 billion in revenue, Facebook lets you search images by content and Licking County government gets its offices shut down by ransomware. All this on Crunch Report! Read More

  • CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion

    CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion

    Snapchat parent Snap Inc. has finally revealed its long-awaited IPO filing. The social messaging company, which plans to go public in early March, just shared details about its growth trajectory and financials.  And while we knew that Snap has raised at least $2.4 billion in capital from a long list of investors, we now know the ownership percentages. We also know the pre-IPO values of… Read More

  • Snapchat paid Reggie Brown $157.5M to settle his ‘ousted founder’ lawsuit

    Snapchat paid Reggie Brown $157.5M to settle his ‘ousted founder’ lawsuit

    Ousted Snapchat early employee Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against other co-founders Evan Spiegel and Bobby Murphy, alleging that they had taken his original idea and run with it, pushing him out of the company without compensation in the process. The details were made public for the first time in… Read More

  • Cuban: “Just plain stupid” to not go public

    Cuban: “Just plain stupid” to not go public

    Billionaire entrepreneur Mark Cuban spoke on stage at the Upfront Summit in Los Angeles on Thursday, where he voiced concern about the lack of tech IPOs recently. “I don’t understand the reticence to going public,” he said. “It’s just plain stupid.” After a slow 2016, there have yet to be any tech IPOs in 2017. AppDynamics was supposed to debut in January… Read More

  • Sources: Spotify may delay IPO to 2018 as it rethinks licensing deals

    Sources: Spotify may delay IPO to 2018 as it rethinks licensing deals

    Spotify — the music streaming company with over 100 million users (40 million of them paying) — has long been seen as one of the more likely candidates among larger tech startups to go public in 2017, but it looks like this plan may be shifting. TechCrunch has heard from multiple sources that the company is now weighing a plan to delay an IPO until 2018. The delay… Read More

  • Snap will reportedly file publicly for its massive IPO late next week

    Snap will reportedly file publicly for its massive IPO late next week

    Snap — the makers of Snapchat — had confidentially filed for its IPO late last year, but it looks like we’ll be getting a look at the inner guts of the company’s financials and workings as early as late next week. The company will file publicly for its initial public offering late next week, according to a new report from Kara Swisher over at Recode. This is yet… Read More

  • Yext hires new president as it looks to IPO

    Yext hires new president as it looks to IPO

    Yext, the company that helps businesses make sure that their location data appears correctly in search results, is announcing that Jim Steele will be joining the company full-time as president and chief revenue officer. Steele was previously on the board at Yext and was most recently at InsideSales. “I found a new younger Marc Benioff and I’m really excited,” Steele says… Read More

  • SOSV, “the accelerator VC,” closes third fund at $150 million

    SOSV, “the accelerator VC,” closes third fund at $150 million

    Since the advent of accelerators, venture capitalists have competed to lock in deals with the best startups in a given batch. Entrepreneur turned investor Sean O’ Sullivan thought it would be better to develop a venture firm that owned and ran its own accelerators. Today that firm, SOSV, has closed its third fund at $150 million to back startups that are admitted to and have graduated… Read More

  • Few startups IPOed this year, but the ones that did soared

    Few startups IPOed this year, but the ones that did soared

    There weren’t many tech IPOs this year, but they performed well. Just 14 venture-backed tech companies went public, according to Dealogic. This compares to 25 last year and the 40+ we saw in each of the five years before.  The last time we had fewer tech IPOs was in the 2009 financial crisis. Macroeconomic concerns related to oil prices, China and the Brexit made it a suboptimal time… Read More

  • AppDynamics posts long-awaited IPO filing

    AppDynamics posts long-awaited IPO filing

    AppDynamics has revealed its filing for a U.S. IPO. The IT company, which helps businesses like Salesforce and IBM with applications management, is targeting a $100 million offering. Despite a competitive landscape, which includes New Relic and Dynatrace, AppDynamics has shown strong revenue growth over the past year. For the nine months ending in October, revenue came in at $158.4 million… Read More

  • The drought is over… a torrent of tech IPOs is expected in 2017 Crunch Network

    The drought is over… a torrent of tech IPOs is expected in 2017

    We’ve just witnessed one of the most surprising tech IPO markets in decades. Wall Street set record upon record throughout 2016, and tech stocks led the way, hitting all-time highs. And yet, we saw a mere 13 IPOs for venture-backed U.S. technology companies during the entire year. I’ve been in this industry for more than 40 years and I can’t remember anything like it. Read More

  • Trivago closes up 8% in public debut

    Trivago closes up 8% in public debut

    Hotel search site Trivago went public on Friday, after separating from Expedia. The company priced its shares at $11 and closed the day at $11.85, up 7.73 percent. But this was after pricing at $11 per share, below the $13 to $15 range that had been forecast. The company raised $287 million in the offering and plans to use the capital to focus on growth and potentially make strategic… Read More