Articles about Ipo

Red alert: Pure Storage IPO could maybe hit as early as next week

A well-informed storage industry source with close ties to startups suggests that Pure's IPO could happen as early as next week – yes, the one beginning Monday, October 5. We expected it to be delayed to mid-2016 to allow Pure to get better quarter-on-quarter growth numbers. But our insider said companies these days don't file …
Chris Mellor, 29 Sep 2015
Stock market. Pic: Alberto Carrasco Casado

Softcat hires Domino’s Pizza man as NED ahead of IPO

Softcat has hired former Domino’s Pizza beanie Lee Ginsberg as non-exec director ahead of its long awaited flotation on the London Stock Exchange. The Marlow-based biz is tipped to list next month with a valuation estimated to be between £400m to £500m, the first time a local reseller has floated in years. Credit Suisse was …
Paul Kunert, 09 Oct 2015

UK biz email slinger Mimecast files for $100m IPO in US

Mimecast filed for an initial public offering on Wall Street on Friday and said it hoped to raise up to $100m (£64m). The London-based email security vendor, which has 14,500 biz customers on its books, said that it planned to list under the symbol "MIME" on the Nasdaq exchange. For its most recent quarter, Mimecast – which …
Kelly Fiveash, 19 Oct 2015

Straight from the horse's mouth: It's October 7 for Pure's IPO

Pure Storage has told us something quite interesting: "Pure Storage will be listing shares for our initial public offering at the New York Stock Exchange on Wednesday, 7 October." One of the most eagerly awaited initial public offerings will take place on Wednesday next week with several companies anxious to see how well the …
Chris Mellor, 30 Sep 2015

Softcat hires another non-exec director as '£500m' IPO nears

The ranks of non-exec directors at Softcat continue to swell, with former Staples UK president Peter Ventress hired ahead of the reseller’s LSE flotation, slated for next month. The appointment of the 65-year-old was confirmed in a Companies House filing. Ventress is also CEO at industrial laundry service Berendsen UK and non- …
Paul Kunert, 19 Oct 2015
Stock ticker board

Sophos looks to raise £65m with IPO

Security software outfit Sophos is to imminently float on the London Stock Exchange, a move it estimates will raise $100m (£65m), the company announced today. The Oxford-based biz is thought to be targeting a valuation of £1bn, according to The Sunday Times (subscription required). Richard Holway, analyst at TechMarketView …
Kat Hall, 03 Jun 2015
tumbling dice

Pure Storage preps for IPO: report

Pure Storage has appointed Morgan Stanley, Goldman Sachs and Barclays Plc to ready it for an initial public offering (IPO), says Reuters. Citing people familiar with the financial footling as its source, the newswire says the company thinks the markets will toss over US$3bn in its direction some time later this year. Pure …
Simon Sharwood, 07 Apr 2015

Cash-burning Box makes yet ANOTHER IPO promise

Loss-making VC muse, the cloud document storage and sharing startup, says it’s ready to make an IPO – again. Box filed its IPO statement with US regulators on Friday in preparation for going public. The nine-year-old firm is gunning for a drop of up to 12.5 million shares at a price of $12 per share. Box stands to raise …
Gavin Clarke, 12 Jan 2015
Vaughn Stewart of Pure Storage

Speaking in Tech: Pure Storage IPO? 'Maybe our firewall's blocking that'

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week we jump into Pay Pal and OpenStack, Nebula, Jay-Z's Tidal and Pure IPO speculation. Our special guest this week is Vaughn Stewart from Pure Storage. This week we discuss... (1:10) New celebrity intro plug and …
Team Register, 08 Apr 2015

We want flying space cars and robo-butlers, and Pure Storage wants $450m in IPO cash

Flashy all-flash-array startup Pure Storage wants $450m in cash from its looming stock market debut. This would value the company at $3.1bn, giving its venture-capital backers a return of up to 6.6x on $470m in total funding. In an amended S1 filing with US financial watchdog the SEC, Pure Storage has priced its IPO shares …
Chris Mellor, 25 Sep 2015
Man thumbs down, image via Shutterstock

So Pure Storage did its IPO thing and investors blinked – now what?

Comment Pure Storage shares went on sale at about $17 today, valuing the all-flash array startup at roughly $3bn. Would they rise or fall after debuting on the stock market? Clue: they fell, from $16.74 to $16.29. If the shares had sold at $17, Pure would have raised $425m. This is an eagerly awaited IPO, as it tests the willingness …
Chris Mellor, 07 Oct 2015
Stock market. Pic: Alberto Carrasco Casado

It's all go for Softcat's £500m IPO, Credit Suisse, Jefferies hired

Tech reselling steamroller Softcat is edging ever closer to flotation on the London Stock Exchange after appointing brokers to manage the process, insiders have told El Chan. The fast growing Marlow-based business, which is expected to be valued at between £400m to £500, has hired Credit Suisse and investment bank Jefferies …
Paul Kunert, 26 Aug 2015

Will stock market swipe right on Tinder? Match Group files bid to IPO

Online dating is big business – but just how big? Well, the father of all cyber-cupids, Match Group, has filed its paperwork to go public. The group, which includes old gent of the online dating scene as well as OKCupid and hookup app Tinder, is expecting to make just over $1bn in revenue this year. According to …
Kieren McCarthy, 16 Oct 2015

Pure as the driven IPO: Upstart tells SEC it's go for stock market debut

Pure Storage, funded to the tune of $470 million and valued at around $3 billion, has filed for an IPO. The all-flash array biz was founded in 2009 and has taken in funding and grown fast every year. It's currently being ranked as the second highest player in the all-flash array market behind EMC, which Pure sees as its main …
Chris Mellor, 13 Aug 2015
Motoroheadphones Motorizer

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 …

Alibaba swings a large one with STONKING IPO legal bills

Alibaba's initial public offering legal bill has swelled to $15.8m. As noted by Reuters, that's six times the amount paid by Facebook ($2.6m) when it prepared to float onto Wall Street in May 2012. The Chinese e-commerce giant disclosed its big $15.8m payout to lawyers in a filing with the US Securities and Exchange …
Kelly Fiveash, 06 Sep 2014

Go, daddy, go: GoDaddy shares rocket 30% in value at IPO

GoDaddy has had a successful launch at the New Stock Exchange on Wednesday morning with shares jumping more than 30 per cent, valuing the company at around $6bn. The company dominates the market for internet domain names with just over 30 per cent market share and offers a range of add-on services from security certificates to …
Kieren McCarthy, 01 Apr 2015

Hortonworks falls well short of billion dollar IPO expectations

Open source supremo Hortonworks has announced a rather lacklustre IPO, falling miles short of the billion dollar valuation big data tycoons were hoping for. It hopes to raise $78m by flogging six million shares at a cost of between $12 to $14, which roughly works out to a disappointing market valuation of $659m. Hortonworks …
Jasper Hamill, 02 Dec 2014

Softcat CEO: No sailing off into the sunset after the IPO for me

The flotation of tech reseller Softcat will make the CEO an overnight quinquagintillionaire*, but Martin Hellawell tells us he won’t be quitting the day job any time soon. The Marlow-based biz confirmed this morning it is to list on the London Stock Exchange in November, as we predicted months ago, but top brass wants to push …
Paul Kunert, 19 Oct 2015

Alibaba: Just kidding about that $21bn IPO ... we actually want $25bn

Chinese web bazaar Alibaba has raised the goal for its upcoming stock market debut in the US. The company said in an updated filing to US financial watchdog the SEC that it is now seeking out a maximum per share price of $68 – setting its initial public offering goal to $25.03bn. The company previously sought to haul in $21bn …
Shaun Nichols, 16 Sep 2014
Stock market. Pic: Alberto Carrasco Casado

Softcat preps for IPO, closes in on brokers

Softcat is preparing the groundwork for its flotation on the London Stock Exchange with the market expected to value the tech reselling juggernaut at cool half a billion pounds. Our sources tell us Marlow-based Softcat has narrowed the field of potential brokers to a handful of firms, but Credit Suisse and Jeffries are most …
Paul Kunert, 29 May 2015
Beer taps at a pub. Via

Last round, folks: Dell 'n' pals pull out wallets as Nexenta preps for IPO

Nexenta is clearly keen to be top dog of the software-defined storage world. After reportedly experiencing 100 per cent year-on-year growth from 2013 to 2014, Nexenta says it is gearing up for an IPO in the next 18 months or so – with channel and geographic expansion and a final funding round coming. Nexenta says it has reached …
Chris Mellor, 23 Feb 2015

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

Flashy upstarts facing IPO pressure. Get on with it then

Comment Conventional wisdom has it that VC-funded tech start-ups get acquired or, hopefully, go through an IPO to become successful stand-alone companies. However, such may not be the fate of the five main surviving all-flash array (AFA) vendors in the face of fast and furious mainstream supplier reaction to their success. Step back a …
Chris Mellor, 27 Feb 2015
Stock market. Pic: Alberto Carrasco Casado

Sophos: We'll have a market cap of £1bn when we IPO

Brit security slinger Sophos’s listing on the London Stock Exchange went live today, giving the firm a market cap of around £1bn – a valuation that has caused a stir among analysts. The intent to float was confirmed weeks ago, with the Oxford-based firm expecting to raise cash to fund the next phase of biz development and rub …
Paul Kunert, 26 Jun 2015

Pre-IPO Tegile looking at flash tiering, scale-out and the cloud

+Comment Hybrid and all-flash array startup Tegile has got itself an interesting roadmap to extend its hybrid array tech and expand sideways into adjacent storage markets. Tegile is one of three busily growing companies touting built-from-the-ground-up hybrid array software. Nimble Storage has made the IPO jump into being a self- …
Chris Mellor, 26 May 2015

Sales layoffs at PernixData: Flogging or IPO on the way?

+Comment Things can get tight, tense and twisted at startups getting close to IPO or acquisition, and management can get hyper-focused on the outcome it wants as issues mount. That seems to be happening at PernixData. After news broke of layoffs at the hot clustered hypervisor-caching startup last week, we have learned more of the high …
Chris Mellor, 11 Aug 2015
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 …
Roughly 150kg of gold

Veeam-ing all the way to the bank: No IPO for these VM replicants

Comment At a UK temple to old tech, the London Science Museum, storage firm Veeam introduced its new tech, promising replication of VM images to the cloud – and El Reg quizzed two top Veeamers about the company. V9.0 of Veeam’s Availability Suite will add Cloud Connect Replication for Service Providers, using SSL, and be generally …
Chris Mellor, 15 Jun 2015
Stock ticker board

Gigantic bazaar Alibaba WILL turn share price up to 11, er, $68 for biggest IPO ever in US

Chinese internet giant Alibaba has set the price of its shares to the max for what is shaping up to be the largest initial public offering (IPO) in US history. The company, which operates like a mashup of eBay and Amazon in the world's most populous country, said it will begin trading on Friday at $68 per share. At that price, …
Shaun Nichols, 19 Sep 2014
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- …
John Newton

One for the road: Alfresco gulps $45m pre-IPO VC shot

Alfresco software is beefing up the sales push with one last shot of venture-capital courage before going public. The British open-source business will open new offices and hire sales people to open more doors in the enterprise and big government, the company’s chief technology officer and chairman John Newton has said. New …
Gavin Clarke, 26 Aug 2014
GoPro HD Hero

Strap-on cam pro GoPro in IPO share grow show

GoPro’s shares soared on its stock-market debut, gaining 30.5 per cent to give the wearable camera-maker a market value of $3.9bn. The firm’s clip-on high-def video cameras, beloved of extreme sports enthusiasts and amateur rocket-builders, have become the top-selling camcorders in the world, according to beancounters at IDC. …

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 …
Woman slaps man. Pic: Shutterstock

Patent and trademark troll stung for £500k after fake renewal blitz

A scammer who pretended to be Britain’s Intellectual Property Office to demand money from IP holders has been fined half a million pounds. Trading as the “Intellectual Property Agency Ltd (IPA) – uncannily similar to the UK’s Intellectual Property Office (IPO) – Harri Mattias Jonasson blitzed fake patents and trademarks to …
Andrew Orlowski, 11 Nov 2015

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
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 …

GoDaddy to try to GoPublic – again – with $100 million IPO

US-based internet domain registrar GoDaddy is planning to file an initial public offering (IPO) through which it hopes to raise as much as $100m. The company on Monday filed documents with the US Securities and Exchange Commission (SEC) indicating that it plans to open its shares to the public later this year. Morgan Stanley, JP …
Shaun Nichols, 10 Jun 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 …

Profit-free Box trousers $150m in funding. So much for an April IPO

Loss-making enterprise startup darling has swallowed another $150m in venture funding. The cloud collaboration announced the funding Monday as part of a deal that reportedly boosts the company’s value from $2bn to $2.4bn. The shot of private equity comes despite the company’s plan, announced in March, to go public with …
Gavin Clarke, 08 Jul 2014

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

Investors eye Yahoo!'s future as China's Alibaba files for US IPO

Chinese e-commerce giant Alibaba filed paperwork with the US Securities and Exchange Commission on Tuesday for its much-anticipated initial public offering, a move that could have dramatic implications for Yahoo! and other US businesses. Tuesday's SEC filing indicated that Alibaba is seeking to raise $1bn, but that's just a …
Neil McAllister, 07 May 2014
alibaba logo

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. …
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
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
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

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 …

Pure Storage shoves channel growth ahead of IPO dream bid

All-flash array start-up and IPO’er-in-waiting (we think) Pure Storage has got itself a new channel programme and two channel-focused exec hires, to get partners selling more tier-1 storage replacing Pure product. It is implementing a two-tier pan-regional distribution model, an expanded technology alliance ecosystem for …
Chris Mellor, 16 Apr 2015

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
The US Navy NeRD readers

Horton Hears an IPO: Hard work for Hadoop

Comment Hadoop is hot. That’s not in question. What is in question, however, is what it’s hot for, and whether it can move beyond Silicon Valley geeks to mainstream enterprises. With Hortonworks filing to IPO and Cloudera reportedly doing more than $100m in sales, it’s tempting to think that Hadoop has already gone mainstream. The …
Matt Asay, 02 Dec 2014