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IPO? Don't know what you're talking about, says Spotify as it seeks IPO report guru

Spotify has advertised for a new "external reporting specialist", fueling rumors that the online music streaming biz is getting ready for a stock-market debut. In a job ad on its website, Spotify said it was looking for someone who could "prepare the company for international financial standards". The new recruit should act as …

Sync'n'share firm Box secretly files for IPO

Enterprise-focused file sync'n'share outfit Box has secretly filed an IPO intention with the SEC and not shared it with anybody in advance, according to media outlet Quartz and others. Box is fighting it out with Dropbox for the lead in the enterprise file-sharing market, which is largely based on putting files in a cloud …
Chris Mellor, 03 Feb 2014
Sina Weibo logo

Sina rumoured to be prepping Weibo for $500m US-based IPO

Chinese web giant Sina has picked two of the big banks to prep its Twitter-alike microblogging site Weibo for an IPO in the US. Goldman Sachs and Credit Suisse have been taken on to help the site manage a debut onto the market in New York, sources told the Financial Times and Reuters. Weibo, which is hugely popular in China, is …
78rpm records

Pop music, tech bubble... what could go wrong? Spotify said to be closer to IPO

Spotify could be making its much-rumoured market debut as soon as six months from now, after reportedly starting talks with investment banks for an IPO. Those chatty sources "familiar with the process" told Quartz that the music streaming service was considering going public in autumn this year. The report adds fuel to a well- …
Candy Crush Saga

App-maker King hopes to CANDY-CRUSH $500m from IPO

Candy Crush Saga-maker King Digital Entertainment has filed for an initial public offering on the New York Stock Exchange, which it hopes will raise $500m for the firm. The Swedish firm had filed confidentially for its market debut with the Securities and Exchange Commission (SEC) in the US back in September under the relatively …

All-flash array fettler Pure Storage: Snowball, sueballs and... an IPO?

Out of the blue we have heard that Pure Storage is making groundwork preparations for an IPO. The information came from a Silicon Valley source and chimes with the company saying recently its annual revenue run rate is at the IPO-level, taken to mean $100 million. All-flash array fettler Pure says it is growing fast, although …
Chris Mellor, 08 Jan 2014

Twitter IPO rumour-gasm latest: Sugar daddies told to not flog shares just yet

Twitter's bankers have already been making calls to early investors in the website's fast-approaching IPO, asking them to sign a 180-day lock-up agreement by this afternoon. An email from lead underwriter Goldman Sachs, seen by Reuters, has asked existing backers to sign and return the form, which will forbid them from selling …

Bechtolsheim's baby Arista Networks heads toward IPO

Networking startup Arista Networks is filing for an IPO as the scrappy biz tries to wrestle share away from incumbents like Cisco and Juniper. The profitable upstart filed its S-1 form with the US Securities and Exchange Commission on Monday. Arista Networks' chairman is Andy Bechtolsheim, the co-founder of Sun Microsystems. …
Jack Clark, 31 Mar 2014
EE 4G banner

EE owners: Yeah, we're cool with things as they are... IPO? Nah, not really

The owners of Blighty's EE mobile operator have said that they're going to hang onto the company for now, delaying potential plans to float the firm or sell off their stakes. Germany's Deutsche Telekom and France's Orange said they want to maintain the current management structure of the joint venture, which was created in 2010 …
Candy Crush Saga

Candy Crush King sees IPO go sour as stock price heads south

Mobile games firm King Digital failed to take the stock market by storm Wednesday as the firm's initial public offering (IPO) saw its stock price decline by more than 15 per cent at close of trading. The company made famous for its Candy Crush mobile game had been seeking a valuation of roughly $7bn wen it offered its shares on …
Shaun Nichols, 27 Mar 2014
Spicerex says roar

Spiceworks scoops $57m in 'last funding round before IPO'

Spiceworks, the Texas-based web-2.0 platform for sysadmins, has announced that it has closed a $57 million round of funding - which it expects to be its last before an IPO. The funding is led by Goldman Sachs and brings the total amount raised by the company to $111 million. In exchange for the cash splash, Goldman Sachs gets …
Trevor Pott, 04 Feb 2014
French fries

Takeaway order spewer Just Eat plans to raise £100 MEEELLION in IPO

Online takeaway aggregator Just Eat is hoping to raise a hefty £100m from an initial public offering on the London Stock Exchange. The 13-year-old Danish firm connects hungry folks to local takeaway and delivery services in 13 countries, including the UK, France, Canada and Ireland and claims to have had revenue of £96.8m last …
hands waving dollar bills in the air

Twitter to flog IPO shares at $26, eyes $2bn prize ... IBM will be pleased

Twitter has formally declared it'll flog its shares at $26 a pop on the New York Stock Exchange on Thursday. For its initial public offering (IPO), the microblogging titan said it will 70 million common shares of its stock to investors with a starting clip of $26 per share. The offering would net the company upwards of $2bn. …
Shaun Nichols, 07 Nov 2013
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Jack Ma and clique aim to retain control at Alibaba after IPO

Alibaba is planning to rejig its management structure to ensure that its partners get to nominate the board and keep control over the firm after it goes public, the Hong Kong Economic Times reports. The Chinese e-commerce powerhouse is expected to go public by the end of this year in an IPO that could be worth more than $15bn. …
Farmville on the iPhone

Zynga dodges IPO lawsuit thanks to lack of 'basic factual details'

Zynga has seen off a lawsuit that accused the gaming firm of misleading investors about its financial and business prospects ahead of its initial public offering back in 2011. Shareholders who launched the suit had alleged that Zynga had "engaged in a deliberate scheme to mislead investors by portraying the online gaming company …

Clear this week's diary - Twitter just might flash its secret $15bn IPO in public

Twitter hopes to reveal to the world its secret initial public offering (IPO) filing this week, according to sources whispering in the ear of news website Quartz. One of those people familiar with the matter told the site that the social network would like to start trading before Thanksgiving, likely on the New York Stock …

Twitter jacks up IPO price range as the blabbergasm begins

Twitter upped its initial public offering price range to $23 - $25 on Sunday, an updated filing with the Securities and Exchange Commission shows. The micro-blogging site, which is imminently set to float onto the New York Stock Exchange, said that it had hiked its IPO share price range after talking to the company's …
Kelly Fiveash, 04 Nov 2013

Zuckerberg IN COURT: Judge rules Facebook investors CAN sue for IPO non-disclosures

A US judge has decided that Facebook, Mark Zuckerberg and a bunch of banks will face a lawsuit accusing them of misleading investors about its $16bn initial public offering. District Judge Robert Sweet in Manhattan said that investors should be allowed to pursue their claims that Facebook and the banks running its IPO were wrong …
New York Stock Exchange, photo by Preslethe

NYSE preps for MILLIONS of trades in Twitter IPO stress-tests

In a bid to avoid a similar scenario to Facebook's IPOcalypse, the New York Stock Exchange ran a simulated market debut for Twitter shares over the weekend. The NYSE did a test run of the day Twitter’s stocks will go on sale to check if its systems will be able to handle the tidal wave of traffic the IPO could potentially …
Candy Crush Saga

First Twitter, now Candy Crush King. So who ISN'T 'filing a secret IPO'?

King.com, the Brit mobile gaming firm behind the smash-hit amusement Candy Crush Saga, has reportedly filed for an initial public offering (IPO) in the US. A well-placed source told Reuters that the company responsible for the sweetie swap-and-match distraction has submitted to watchdogs its confidential paperwork to go public …
Stock ticker board

Two new C-suite bods kiss the Scality ring as IPO rumours gather

Object storage upstart Scality has hired two C-level execs and more senior hires are on the way. Ewan Menard, who was DataDirect Networks’ chief operating officer (COO) up to July last year, becomes Scality’s COO, reporting to CEO Jérôme Lecat. Before DDN he was with HP. He is object storage-aware, DDN having its own object …
Chris Mellor, 16 Jan 2014
TwitterIPO

Twitter sets up BEELLION-DOLLAR credit line ahead of IPO

Twitter has set up a billion-dollar loan ahead of its initial public offering from a group of big banks. The microblogging site has set up a revolving credit facility from Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank, as well as others, sources whispered to Reuters. All five banks are …
alibaba logo

Alibaba stands firm against Hong Kong exchange over IPO

Chinese tech biz Alibaba has revealed details of its internal partnership structure, which would allow a group of founders and senior employees to keep control over the board after the company goes public. Founder Jack Ma spilled the details in an email to employees, according to Reuters, adding to pressure on Hong Kong to …
CS400

How did hybrid flashy bods Nimble Storage's IPO go so smoothly?

Nimble Storage provided an object lesson in IPO pricing and pricing on Friday, showing that investors love flash/disk hybrid storage startups even while disliking pure flash storage plays. The hopeful startup entered the IPO process on 15 December with starting prices of $19 - $21 per share on the New York Stock Exchange (NYSE …
Chris Mellor, 16 Dec 2013
The Register breaking news

Apple's liquid-crystal screen pusher mulls $2bn IPO – report

Tokyo-based Apple supplier Japan Display is reportedly considering an initial public offering which could raise up to $2bn. The firm makes screens for the iPhone 5C as well as the 5S. It was created by a government-backed fund which integrated screen-making businesses spun off from Japanese firms Sony, Toshiba and Hitachi after …
Jasper Hamill, 16 Sep 2013

Coraid gets $29m VC cash boost. It's too early for an IPO: what gives?

Ethernet storage startup Coraid has got itself $29.3m in fresh funding after appointing a new CEO, David Kresse, in September last year. The funding history is illustrative of a top-up needed to continue growth: Feb 2010 - $10m A-round Nov 2010 - $25m B-round Nov 2011 - $50m C-round Dec 2013 - $29.3m D-round That's a total …
Chris Mellor, 22 Jan 2014
Candy Crush Saga

Candy Crush King plans IPO valuing it at $7.6 BEEELLION

European mobile gaming firm King has updated its plans for an initial public offering in the US, telling the Securities and Exchange Commission that it wants to sell its shares for between $21 and $24 each, valuing itself at around $7.6bn. The Candy Crush Saga-maker is hoping to sell 22.2 million stocks and raise around $533m in …
Padmasree Warrior

Sync'n'sharers Box snaffle Cisco's Warrior CTO .... IPO time?

File sync'n'sharer Box has recruited a big hitter to its board: Cisco’s chief technology officer. Padmasree Warrior, the capable chief technology and strategy officer for Cisco, is becoming a director at Box, where the CEO is co-founder Aaron Levie, and the goal is, we understand, an IPO. She will be the second independent …
Chris Mellor, 21 Mar 2014

Floating mutant, hidden profit: Nimble reveals first post-IPO results

Mutant flash-disk arrays are apparently continuing to disrupt the storage market, judging by hybrid array-slinger Nimble Storage's business in the period to the end of January this year. It recently revealed both the quarter which included its IPO and its full year results. Hybrid arrays juice cheap disk capacity with a dash of …
Chris Mellor, 04 Mar 2014
TwitterIPO

IBM menaces Twitter IPO with patent infringement BOMBSHELL

In the same SEC filing in which Twitter announced that it will boost its IPO share-price range to $23 to $25, up from $17 to $20, it also revealed a bit of news that may worry potential investors: a patent contretemps launched by IBM. "We recently received a letter from International Business Machines Corporation, or IBM, …
Rik Myslewski, 04 Nov 2013

Private equity crew prep CDW IPO after $7.3bn buyout - report

The private equity boys are preparing to flip US technology shop CDW back to the market, Reuters reports. CDW has hired bankers to deliver an IPO later this year, Reuters reports. The financial services firms are reported to be JPMorgan Chase & Co, Barclays and Goldman Sachs Group. The proposed IPO could raise about $750m, an …
Gavin Clarke, 08 Mar 2013
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Atlassian's UK-IPO plans: Smart business isn't a disaster

Australia's IT patriots' heads are spinning today, with news that Oz innovation poster-child Atlassian is going to move its head office to London, in preparation for an IPO it plans later this year. The move has triggered an epic bout of hand-wringing at Australia's inability to keep its entrepreneurs at home. This, inevitably, …
Larry Ellison

IPO-leery Avaya was hot to flog self to Oracle, but talks 'fizzled' – report

Avaya's owners tried to sell the networking and telecoms provider to Oracle rather than take it public, according to reports. Reuters says that Larry Ellison's biz behemoth held talks with Avaya's private investors in the first half of 2013, but talks "fizzled" in the last few months. Oracle and Avaya both refused to comment. …
Gavin Clarke, 07 Oct 2013
SOURCE:  http://www.sxc.hu/browse.phtml?f=view&id=1412135

Gasp! Twitter displays pictures in main feed as IPO looms

Twitter is clogging up its timeline with pictures after modifying its service to make it more "visual". It's a clear move to prepare its users for more ads now that the company is about to go public on Wall Street. Up until yesterday, anyone wanting to share videos or photos on the micro-blogging site, founded in 2006, could do …
Kelly Fiveash, 30 Oct 2013
TwitterIPO

Twitter spills unprofitable guts in $1bn IPO filing

Curt babble network Twitter hopes to raise $1bn in its initial public offering, according to the company's S-1 filing. The company revealed on Thursday in an filing with the US Securities and Exchange Commission (SEC) that it is unprofitable, has racked up a deficit of $418.6m, and expects its revenue growth to slow further. But …
Jack Clark, 03 Oct 2013
CS400

Mutant array upstart Nimble Storage slips IPO forms into SEC's postbox

Mighty mutant flash/disk array startup Nimble Storage has filed a preliminary form with the SEC announcing its intention to proceed with an IPO. The number of shares for sale and the price range haven't been decided yet – it hasn't even picked a date. Nimble was founded in November 2007 by ex-Data Domain staffers, including …
Chris Mellor, 21 Oct 2013
Twitter for Mac Old

Twitter IPO: We want $17 to $20 per share for all our - sorry, your - witterings

Twitter has told US financial watchdog the SEC that it hopes to offer its shares between $17 and $20 apiece, meaning it could bag $1.61bn if the much-anticipated initial public offering is a success. Twitter will tout 70 million shares to the market, while keeping at least half a billion unsold. The social network's executive …
Iain Thomson, 24 Oct 2013
The Register breaking news

Twitter snaps up ex-banker IPO expert - CAN'T THINK WHY

Twitter has hired an ex-banker with experience in initial public offerings, mergers and acquisitions to head up its corporate development team, sparking rumours of an upcoming market debut. The microblogging site is one of the next tech firm public offerings for investors to get overly excited about. Which they probably will, …
Twitter for Mac Old

Twitter to buy ad exchange as it edges closer to IPO

Twitter plans to spend a reported $300m on MoPub - a mobile ad exchange. The micro-blogging company announced its intentions in a blog post yesterday. The proposed acquisition strongly hints that Twitter is taking a step closer to floating on Wall Street next year. It said: The two major trends in the ad world right now are …
Kelly Fiveash, 10 Sep 2013
The Register breaking news

Dotcom plans Mega IPO as case grinds on

As a New Zealand court takes evidence so secret even Kim Dotcom's lawyers are barred from attending, the Megaupload founder has taken to Twitter to tout plans to take his latest venture public. As Bloomberg reports, the company's apparent IPO plans first emerged via a job ad for a CFO. The ad, posted at New Zealand's TradeMe and …

The DARK HEART of the Twitter IPO: FAKE USERS

There's something missing in Twitter's S1 IPO prospectus. There's only a fleeting reference to the midichlorians that power the dark side of the "Twitter economy" - that is, fake accounts. A company's S1 document is supposed to list "the factors which the Company considers to be the most substantial risks to an investor in this …
Andrew Orlowski, 04 Oct 2013
Willem ter Harmsel

Tegile founder: Will we IPO? Yes. And we're NOT another NetApp

As a part of his CEO series, Willem ter Harmsel interviews CEOs of innovative companies in the fields of storage, virtualisation and networking. Tegile Systems was founded in 2009 and offers a range of hybrid storage arrays, labelled as Zebi arrays. Its top model can be configured as a 100 per cent all-flash array, while keeping …
The Register breaking news

Top Twitter lawyer quits micro-blogging site ahead of IPO

Twitter's general counsel Alex MacGillivray has quit his job as top lawyer at the micro-blogging site. He will continue to advise the company, which is widely expected to float on Wall Street next year. Vijaya Gadde, who most recently managed Twitter's corporate and international legal business and previously worked at Juniper …
Kelly Fiveash, 02 Sep 2013

Array upstart Violin peeks at PCIe cards, goes all in with $172m IPO bid

Storage upstart Violin Memory has publicly filed for an IPO and is seeking $172.5m. The maker of all-flash arrays has handed in its S-1 homework to financial watchdog the SEC; the document reveals it has consistently made losses while revenues have grown over the past three years. Violin Memory year on year ... Sales rising (yes …
Chris Mellor, 27 Aug 2013
james_rigby_md_sch2

Rigby dynasty to retain control at SCC - 'no IPO for us'

SCC CEO James Rigby plans to pass the privately owned biz to the next generation of the clan rather than co-crafting a retirement plan with his brother based on a flotation or trade sale. The Rigby dynasty's Midlands empire, which includes service-based reseller SCC at its heart, sold distie wing SDG to Tech Data in 2012 for $ …
Paul Kunert, 18 Feb 2014
The Register breaking news

Elon Musk's solar energy biz scraps IPO liftoff at last minute

Elon Musk's clean tech venture, SolarCity, has delayed its initial public offering at the last minute, putting the shares, which had been due to start trading today, on hold. The solar energy firm is struggling to price its stock sale amid troubles in the sector, sources told Reuters and the New York Times. According to an SEC …

Cloud disaster-recovery startup gets pre-IPO VC cash slurp

Ziv and Oded Kedem's latest venture, Zerto, provides hypervisor-based replication for VMware. Thanks to lashings of venture capital dollars it has been growing steadily since its stealth beginnings in 2009. The company emerged from stealth in July 2011, having started with $6 million of seed and A-round funding. A $15 million …
Chris Mellor, 08 Apr 2013
The Register breaking news

China takes 2013's top offshore IPO crown

US-Sino relations may have hit an all-time low over the past 12 months but for little-known Chinese tech firm Vipshop it has been an annus mirabilis after it became the best performing overseas-listed firm in the States. Vipshop Holdings Limited, which owns the Vipshop.com online shopping site, saw its shares jump a whopping 124 …
Simon Sharwood, 19 Dec 2012
Violin

Violin veep: Can't talk about our IPO, but hey, we love the channel!

Stephen Rose, Violin Memory's senior vice president for EMEA and Latin America, says Violin Memory is committed to its European channel and and wants to extend the company's field organisation to bring in more business. Violin is currently using 19nm MLC NAND from Toshiba in its 6000-series all-flash arrays. Toshiba foundry …
Chris Mellor, 06 Aug 2013
The Register breaking news

Ouch! Facebook slumps below IPO value on day 2

Facebook's stock tumbled below its initial public offering valuation to $37.46 per share in pre-trading figures on Wall Street this morning. Although technical problems at Nasdaq delayed the IPO, Mark Zuckerberg's web firm eventually floated last Friday, valued at $104bn with an opening price of $38. The dominant social network …
Kelly Fiveash, 21 May 2012