Articles about ipo

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Dell's hokey cokey IPO takes new turn – VMware in, VMware out....

Dell Technologies is reportedly pondering whether to hold a bog standard IPO to get the group back onto the stock markets, instead of a previous convoluted plan involving shenanigans with shares in VMware. The usual loquacious “people familiar with the matter” told newswire Reuters that Dell is considering a regular flotation …
Gareth Corfield, 24 Sep 2018
European nations

Slow-mo Tintri train-crash continues: Firm shuts up shop across Europe

Tintri has shut down across EMEA according to claims from company insiders, customers have been left with no discernible support function, and some staff told us they were laid off without any pay for June or redundancy terms. The slowly derailing flash storage company revealed a little more than a week ago that 200 staff were …
Chris Mellor, 9 Jul 2018

Uh oh, Domo! Data biz still to IPO as value sinks to new lows

Data analytics biz Domo is to go public today with the aim of raising just under $200m, which if realised would value the company at less than a quarter of estimates in previous funding rounds. The Utah-based firm is to start trading on the Nasdaq, with plans to offload 9.2 million shares at $21 a pop – the upper end of its …
Rebecca Hill, 29 Jun 2018
Train crash

Tintri terminates 200 staff, cash set to run dry in a couple of days

Tintri has laid off 80 per cent of its staff, including its top sales bod, leaving just 40 to 50 staff behind, however it still expects to run out of cash on June 30. The array maker has struggled since its IPO – sales revenue has been insufficient to end cash burn as its array technology was swamped by the competition. Newly …
Chris Mellor, 28 Jun 2018
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CEO of struggling storage biz Tintri quits

Thomas Barton, CEO of struggling storage array supplier Tintri, has resigned, leaving the California upstart leaderless as it heads toward running out of cash by the end of the month. Barton only became Tintri’s CEO at the beginning of April, replacing Ken Klein who took Tintri through its inglorious IPO in June 2017. After …
Chris Mellor, 19 Jun 2018

Tintri finally opens wide, bites restructuring bullet

Beleaguered array vendor Tintri has had to face reality with its latest falling quarterly sales and widening losses prompting drastic refinancing and restructuring action. Revenues of $28.9mn for Tintri's Q4 ended 31 January were down 29 per cent year-over-year – which did exceed Tintri's own guidance. Product sales (67 per …
Chris Mellor, 7 Mar 2018
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Full disclosh: Facebook to pay shareholders $35m over IPO non-disclosure claims

Facebook and its top execs have agreed to pay out $35m to get shareholders off their case over allegations the biz knew mobile use was affecting ad revenue before it went public in 2012. The company filed its initial public offering on May 17, 2012, when it sold more than 421 million shares at $38 per share, raising some $16bn …
Rebecca Hill, 27 Feb 2018

Dell board meeting: What've we got on the table? Sparkling, still, sarnies... and oh, IPO?

Analysis Four years after Michael Dell took his company private, he is considering whether Dell should make a stock market comeback, or so "familiar sources" have told a slew of newsfolk. "People familiar with the matter" told Bloomberg – and later blabbed to WSJ, Reuters, FT and others – that an upcoming Dell board meeting was going …
Chris Mellor, 26 Jan 2018
bubble

Xiaomi the money: China's latest IPO star tastes of bubble tea

Analysis Xiaomi's rush to go public is as much a sign of a speculative bubble as Bitcoin mania. Will it have a happy ending? Somebody seems to be in a hurry. Xiaomi is only just making a comeback from a crash last year. But for the few years prior to that, though, Xiaomi enjoyed astonishingly unctuous coverage. "Is Xiaomi the next …
Andrew Orlowski, 16 Jan 2018

Shhh! DropBox 'quietly files' for IPO

DropBox has reportedly filed for an IPO, giving it fresh capital to fund a significant expansion. Bloomberg has reported that DropBox has lodged confidential papers registering for a public share offering. "Confidential offerings" were introduced in 2012 in the JOBS Act, allowing companies to perform a fund-raising roadshow …
Andrew Orlowski, 12 Jan 2018
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
Burning money, photo via Shutterstock

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
Stock market image via Shutterstock

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
Sad robot photo via Shutterstock

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, …

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