Articles about Ipo

Beautiful geometric lattices inside mobile mast/antenna

Phone mast maker Arqiva: Oh, the £6bn float? Yeah, about that...

British mast outfit Arqiva has pulled out of plans for a £6bn IPO, citing "market uncertainty" as the reason for a lack of investors. It comes just two weeks after the firm announced its intention to float on the London Stock Exchange this month. In a statement, the company said: "The Board and Shareholders have decided that …
Kat Hall, 3 Nov 2017

MongoDB shoots for $220m in IPO, values NoSQL biz at $1.2bn

MongoDB hopes to rake in as much as $220.8m when it finally goes public – a move expected later today. The NoSQL database company, which started life as 10Gen in 2007, has set its share price at $24, up from previous market estimates of around $21. It is putting 8 million Class A shares on the market, with trading due to …
Rebecca Hill, 19 Oct 2017
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Database biz MongoDB files to go public, hopes to raise a cool $100m

Oracle-chaser MongoDB has filed to go public, with its accounts revealing it made a net loss of almost $90m in the year ended January 31, 2017. The company, which started life as 10Gen in 2007, has secured a total of $303.4m in equity funding to date, and is hoping to raise $100m in its initial public offering. MongoDB's SEC …
Rebecca Hill, 22 Sep 2017

Spotify just can't wash those songwriters out of its hair

Spotify is embroiled in new legal objections over how it pays songwriters royalties... or doesn’t, as the songwriters insist. At issue is the mechanical copyright royalty – the amount owed to the composer or songwriter from the reproduction of the recording. Songwriters and composers argue that while Spotify negotiated …
Andrew Orlowski, 14 Sep 2017
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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 …
London financial centre gherkin etc. photo by shutterstock

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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