IPOs

  • BlackLine surges 40% in software IPO

    BlackLine surges 40% in software IPO

    BlackLine, a Los Angeles-based accounting software company, debuted in the U.S. markets Friday. After pricing at $17 per share, the stock closed at $23.70. In what has been a slow year for tech IPOs, BlackLine decided to go public right now because it’s “part of a longer term plan to raise awareness for what we do,” said CEO Therese Tucker. She said the IPO, which raised… Read More

  • IPO pro Lise Buyer on what you need to IPO in the next six months

    IPO pro Lise Buyer on what you need to IPO in the next six months

    Last week, I sat down with IPO pro Lise Buyer to talk about the Bay Area ecosystem for a Sirius XM radio show that’s broadcast from Wharton’s San Francisco campus. Buyer was the host and I was the guest, but because the IPO market is top of mind for so many in the startup industry right now, I asked if I could turn the table for a few minutes on Buyer, who is best known for helping… Read More

  • Andreessen: “I feel 50 pounds lighter” without Twitter

    Andreessen: “I feel 50 pounds lighter” without Twitter

    Speaking at a Strictly VC event in Palo Alto, noted venture capital investor Marc Andreessen talked about why he abruptly quit Twitter this week. “I feel 50 pounds lighter” without it, he quipped. “I feel free as a bird,” Andreessen added, seemingly referencing Twitter’s logo. His departure came as a surprise to some because for a time, he was extremely active on… Read More

  • The Trade Desk finishes strong at $30.10 per share after its first day on NASDAQ

    The Trade Desk finishes strong at $30.10 per share after its first day on NASDAQ

    Things are looking up for adtech companies on Wall Street — or at least for one of them. The Trade Desk debuted on NASDAQ today at a price of $28.75 per share, up nearly 60 percent from its IPO price of $18. And while there wasn’t a dramatic pop, it continued to climb and closed the day at $30.10 per share. That’s a good start, particularly considering that adtech companies… Read More

  • It’s a long, hard road from idea to IPO

    It’s a long, hard road from idea to IPO

    It may not seem it, but coming up with an idea for your startup is probably the easiest part of launching your own company. As one industry insider told me, there are a million ways to screw up that idea through poor execution, and many, many lose their way. Yet a precious few fight through the problems and the challenges, and somehow, with a bit of luck and a lot of moxie, make it to… Read More

  • Killing technology innovation in the public markets Crunch Network

    Killing technology innovation in the public markets

    In 2004, Google finally went public in a long-awaited offering that lit the public markets on fire. But Google’s S-1 filing was probably as unusual as anything the technology markets had ever seen: The company promised to not deliver quarterly guidance to investors, and instead promised to invest over the long term to preserve the culture of innovation that the company so fiercely protected. Read More

  • Twilio opens trading at $23.99 per share

    Twilio opens trading at $23.99 per share

    Twilio is now trading on the New York Stock Exchange under the ticker symbol TWLO. It started trading today about an hour after the NYSE opened, at a price or $23.99 per share. That’s nearly 60 percent above its IPO price of $15. And the price is still climbing. If the stock continues to do well, that could be good news for tech companies and investors, who are likely hoping that a… Read More

  • Twilio’s IPO festivities will include live coding from the New York Stock Exchange

    Twilio’s IPO festivities will include live coding from the New York Stock Exchange

    There are plenty of reasons to keep an eye on Twilio‘s initial public offering, like whether or not it will open the door for more tech IPOs. Here’s a small-but-fun one: The company has organized a live coding event from the New York Stock Exchange. Tomorrow morning, Twilio will bring three developers to the NYSE floor, where they’ll be trying to build as many apps as they… Read More

  • 2015 IPO Scorecard: How Box, Square, Fitbit And Others Stacked Up

    2015 was not a good year for IPOs. In fact, it was the worst year for tech IPOs since the financial crisis in 2009, with more and more startups opting to remain private longer. Stock market swings stemming from an oil crisis and a delayed interest rate decision meant that some companies in the pipeline decided to postpone their IPO until 2016.  “Investors in the market were looking… Read More

  • Wayfair and HubSpot IPOs Could Be Just The Beginning For Boston Startup Scene

    Wayfair and HubSpot IPOs Could Be Just The Beginning For Boston Startup Scene

    While Silicon Valley firms hold back on their IPOs and there’s hand-wringing over burn rates, two Boston-based startups had highly successful IPOs less than a week apart. Just over a week ago, furniture shopping service Wayfair went public and raised over $300M in its IPO, then HubSpot had a successful IPO of its own a week later. I think it’s safe to say the Boston startup scene… Read More

  • The Market Welcomed Tech IPOs Last Week, Even As Industry Giants Slipped

    The Market Welcomed Tech IPOs Last Week, Even As Industry Giants Slipped

    Friday was a busy day for tech companies on Wall Street, with GrubHub, Five9, and IMS Health going public on the same day. It went well: GrubHub spiked 30.77%, Five9 9.14%, and IMS Health 15%. A good crop, you could say. On the other end of the stick, a number of young-ish, but already public technology companies took it on the nose: Facebook fell 4.61% on Friday, while Twitter gave up… Read More

  • Ad-Tech Company Rocket Fuel Nearly Doubles Stock Price In First Day Of Public Trading

    Ad-Tech Company Rocket Fuel Nearly Doubles Stock Price In First Day Of Public Trading

    Rocket Fuel’s first day of public trading seems to have lived up to the company’s name. The ad-tech firm revealed its intentions to go public last month, and last night sold 4 million shares at a price of $29, raising a total of $116 million at a valuation of nearly $1 billion. Today the share price went up as high as $62.50 before closing at $55, about 90 percent higher than the… Read More

  • Sexy IPOs Versus SaaS-y IPOs

    Sexy IPOs Versus SaaS-y IPOs

    IPOs are hot again. Naturally, the press is focused on high-profile offerings like Facebook’s. But, I think there is a more important group of companies going public: Smaller, less sexy Software-as-a-Service (SaaS) startups. Think of it as the Sexy IPOs versus the SaaS-y IPOs. They aren’t household names, but the most recent SaaS IPOs (Cornerstone, Jive, Brightcove and Bazaarvoice)… Read More

  • Yelp Closes 5-Star IPO Day With $1.47 Billion Valuation

    Yelp Closes 5-Star IPO Day With $1.47 Billion Valuation

    For Yelp, this has been a very good day. The restaurant review site was received exceptionally well by Wall Street during its first day as a publicly traded company, closing at a price of $24.58 per share, up a full 63 percent from its $15 IPO price. Read More

  • Jim Breyer on the Future of Media Companies

    Jim Breyer Doesn’t Think More IPOs Are The Answer

    In this video interview, I ask VC Jim Breyer what he thinks about the current IPO market and whether he agrees with Steve Case, who argues that we need more IPOs to create more jobs—“90% of job growth is after a company goes public.” Breyer disagrees with Case that IPOs are the answer. At About the 2:35 mark, he says that the IPO process could be made a little bit easier… Read More

  • Excited about Zynga's IPO? Get Ready for Korea's Nexon

    Excited about Zynga's IPO? Get Ready for Korea's Nexon

    Silicon Valley loves to dismiss Asian companies as nothing more than copycats who thrive, particularly in China, because the government protects them and punishes Western competitors. Even when the businesses in question are dramatically different in practice and scale, they are described as the “eBay of China”, “The Google of China” and “the YouTube of… Read More

  • Note to Self: If the Halls Clear at Conferences, IPOs Are Near

    In Silicon Valley the terms of venture capital deals, the prices of valuations and the real stories of ousters are routinely dished, whether they always show up in the press or not. Sure it’s all off the record or on background or whispered at a coffee shop, but people who live here love what they do and when companies and valuations grow this quickly, it’s hard to keep the… Read More

  • Pacific Crest Securities Buys Shanghai-Based Bank to Help Navigate the China Web Chaos

    Boutique tech investment bank Pacific Crest Securities has purchased Pacific Epoch, a Shanghai-based investment research firm specializing in technology. This gives Pacific Crest fifty more bodies on the ground in China to deliver investors better investment research than “This is the (fill-in-the-blank-Western-Internet-company) of China.” That lazy marketing strategy has… Read More

  • How We All Missed Web 2.0's "Netscape Moment"

    How We All Missed Web 2.0's "Netscape Moment"

    (Editor’s note: This is the third installment in a series about the late stage, secondary investing craze sweeping the venture capital business. For the first two installments go here and here.) On May 26, 2009 Mike sat down with Yuri Milner, Mark Zuckerberg and a Flipcam to talk about the then-scandalous $200 million investment DST made in Facebook, at a price that valued the company… Read More

  • Not Just IPOs: The Surprising Increase of Big Liquidity through Buyouts (TCTV)

    Around 2006 there was a sudden increase in so-called “partial liquidations,” where entrepreneurs could take some money off the table during a mid-stage funding round. Considered unheard of at the time, now they’re the norm for companies doing well. Then in 2009, we saw the rise of secondary markets, which allowed early stage investors and employees to take some money off… Read More