Articles about Ipo

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Tintri IPO boots up after it tries turning itself off and on again

After pulling its IPO yesterday, all-flash and hybrid array startup Tintri repriced its shares at $7 to $8, down from the previous $10.50 to $12.50 range. It offered 8,572,000 shares at this price, lower than the original 8.7 million. That means it should raise $60m instead of around $110m, and the company’s valuation is …
Chris Mellor, 30 Jun 2017
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Control-C! umount! Ctrl-Alt-Delete! Tintri forcibly ejects from today's IPO

Oops, all-flash storage array startup Tintri intended to go public today – during what has turned out to be the busiest week for IPOs in over a year – but abruptly halted its IPO intention late yesterday. It's IPO interruptus. Will it rise again? Has the IPO merely been delayed or cancelled? Tintri is not saying. The latest …
Chris Mellor, 29 Jun 2017

What can you buy with 12 bucks? Avocado on toast? A slice of Tintri?

All-flash and hybrid array startup Tintri has set out its IPO pricing terms, and they look quite modest. With 8.7 million shares to be sold and priced between $10.50 and $12.50 each, it’s hoping to raise $100m. At the $11.50 mid-point in its stock price range, Silicon Valley-based Tintri would have a market capitalization of $ …
Chris Mellor, 16 Jun 2017

Cloudera finally confirms IPO

After playing coy for the past two weeks, Cloudera has finally gone public with its plans to go public, filing the relevant IPO forms with the US Securities and Exchange Commission. The company is looking to raise $200m and the S-1 filing gives some insight into the big data company – mostly that it is losing a lot of money, …

Rap for chat app chaps: Snap's shares are a joke – and a crap one at that

First, we'll look at some quick facts at Snap – the Los Angeles-based developer of Snapchat that debuted on the stock market on Thursday, March 2. Snap's IPO price was set at $17 a share but hit the market at $24.47. Snap's shares were highly unusual in that they didn't give the holders a voting right. Regardless, the first …

2016: Snapchat loses $515m... 2017: Snapchat rips veil off $3bn IPO

Millennial vanity magnifier Snap Inc, the post-profit maker of Snapchat, hopes to raise $3bn in an initial public offering. The builder of sometimes cute and occasionally terrifying photo filters says in a filing to the SEC that it will debut on the stock market later this year, specifically the New York Stock Exchange using …
Shaun Nichols, 3 Feb 2017
empty pockets

Ooops! One in three tech IPOs now trading below their starting price

Around 33 per cent of the technology companies to enter the market in the last ten years are currently valued at a price lower than their IPO mark. This according to researchers with analytics house Geckoboard, which studied 100 software, hardware, and social networking companies that have undertaken IPOs since 2006. Of those …
Shaun Nichols, 19 Jan 2017
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Sigfox IPO? Um, sure! 2017, 2018, whenever, we'll definitely do it

Internet of Things connectivity outfit Sigfox has delayed its IPO plans by a year after falling €50m short of its VC funding target. The French company is said to be aiming to go public in 2018, according to a very soft-soap interview with its CEO, Ludovic Le Moan, in the Financial Times. As reported previously on The …
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Misys cans IPO

Misys has scrapped plans to IPO, blaming market conditions. Earlier this month, the UK banking software vendor announced its intention to returned to the London Stock Exchange four years after it was bought by a private equity firm, Vista Equity Partners, for £1.3bn. In a terse note the company claimed "encouraging …
Drew Cullen, 27 Oct 2016
Morgan Stanley

SimpliVity sheds staff, rattles tin for another $100m from investors

+Comment Hyper-converged infrastructure appliance vendor SimpliVity is working with Morgan Stanley to get more private funding and to launch an IPO possibly in 2017. It has also laid people off. SimpliVity has been making cuts while looking for $100m in extra cash, a source familiar with the matter has told The Register. We have seen …
Chris Mellor, 19 Oct 2016
Everspin_BGA_detail

Everspin's Friday IPO goes pop: Moderate amount of champagne all 'round

Everspin has spun out its IPO; it offered 5 million shares at an estimated $8 a pop to rake in an estimated $40m, with shares starting trading on Friday October 7, opening at $9.10 and currently trading at $8.02. Not a disaster then. The magneto-resistive RAM startup has pulled in total funding of $80.3m since it was founded …
Chris Mellor, 10 Oct 2016

Nutanix's 'expected' IPO date is 30 September

Nutanix is letting the Nasdaq do the talking regarding when the tech upstart will launch its stock-market debut: the New York exchange says it's expected to be September 30. The company is the foremost hyper-converged infrastructure appliance and software startup and is taking on major incumbent vendors such as Cisco, Dell, …
Chris Mellor, 27 Sep 2016
Stock traders

Nutanix's $209m, $13-a-share IPO revealed in homework to watchdog

Hyperconverged upstart Nutanix has submitted more details about its forthcoming IPO to the US financial watchdog, the Securities and Exchange Commission (SEC). The San Jose-based biz will seek to raise up to $209,300,000 in the offering by selling 14,000,000 shares of Class A voting stock at a starting price of $11 to $13. An …
Shaun Nichols, 19 Sep 2016
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French data wrangler Talend has done it: Voila, it's a tech IPO

Big data upstart Talend rang the bell to open the Nasdaq at 9.30am today in New York City – as the company makes one of the few initial public offerings (IPOs) this year. The data integration business was founded in France in 2005, and although its headquarters are in Redwood City, California, the company is listing on the …
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IPO spews email addresses to hundreds of recipients. Twice

The department entrusted with the protection of corporate data is seemingly somewhat less bothered when it comes to guarding personal info. The Intellectual Property Office yesterday made the classic schoolboy error of sending out an email containing hundreds of recipients in the 'to' field. Realising its blunder minutes …
Kat Hall, 15 Jul 2016
Roughly 150kg of gold

Nutanix goes cap in hand to Goldman Sachs for $75m loan

Hyper-converged startup and IPO wannabe Nutanix finds itself in hock for $75m to Goldman Sachs after it was forced to take out a loan because its fund-raising IPO was delayed. An amendment to its S1 SEC filing says that Nutanix has borrowed $75m from Goldman Sachs, its IPO advisor: “ In April 2016, we issued an aggregate …
Chris Mellor, 1 Jun 2016
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Midwich IPO will value its AV and print distie biz at £165m

The sleepy East Anglian market town of Diss is perhaps best known as the possible birthplace of former poet laureate John Skelton – but, perhaps, Midwich will finally overshadow the one-time Poet Laureate. Midwich, the region’s finest tech distributor – for AV (audio-visual) and document services to be specific – is to sling …
Paul Kunert, 3 May 2016
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Riverbed gears up for its second IPO

Exclusive Almost exactly a year since networking biz Riverbed exited from the stock market following pressure from activist investor Elliot, the company is once again gearing up for an IPO. The move to go private was prompted by Elliot, which had complained that the $1bn revenue company was not performing. Private equiteer Thoma Bravo …
Kat Hall, 26 Apr 2016

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