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Today Intercom announced that it has hired a chief financial officer (CFO) as it ramps towards an IPO. The unicorn also promoted its COO to the CEO role earlier this year. The company’s recent CEO, Karen Peacock, told TechCrunch that her new CFO Dan Griggs was a strong candidate thanks to his experience helping take […] Continue reading Intercom hires a CFO as it ramps towards an IPO
Today Jamf, a software company that helps other firms manage their Apple devices, raised its IPO price range. The company had previously targeted a $17 to $19 per-share range. A new SEC filing from the firm today details a far higher $21 to $23 per-share IPO price interval. Jamf still intends to sell up to […] Continue reading Jamf ups its IPO range, now targets a valuation of up to $2.7B
The U.S.’s COVID-19 caseload continues to set records as major states move to re-shutter their economies in hopes of stemming its spread. For many workers the situation means more time in the home office, and less time in their traditional workplace. What the world will look like when safety eventually returns is not clear, but […] Continue reading As companies accelerate their digital transitions, employees detail a changed workplace
After going private in 2016 after accepting a $32 per share, or $4.3 billion, price from Apollo Global Management, Rackspace is looking once again to the public markets. First going public in 2008, Rackspace is taking second aim at a public offering around 12 years after its initial debut. The company describes its business as […] Continue reading Rackspace preps IPO after going private in 2016 for $4.3B
The biggest story to come out of the post-March stock market boom has been explosive growth in the value of technology shares. Software companies in particular have seen their fortunes recover; since March lows, public software companies’ valuations have more than doubled, according to one basket of SaaS and cloud stocks compiled by a Silicon […] Continue reading What do investors bidding up tech shares know that the rest of us don’t?
Despite record-setting COVID-19 infections, American equities rose today. All major indices gained ground during regular trading, while tech stocks did even better. The Nasdaq Composite set new 52-week and all-time highs, touching 10,462.0 points before closing at 10,433.65, up 2.21% on the day. Similarly, a basket of SaaS and cloud companies that has risen and […] Continue reading Tech shares set fresh records despite uncertain economy
Virtual events are the new norm for product rollouts in 2020, with Slack taking to the internet earlier today to talk about a new part of its service called Slack Connect. On the heels of Apple’s lengthy and pretty good virtual WWDC that took place earlier this week, Slack’s event, part experiment and part press conference, […] Continue reading Slack announces Connect, an improved way for companies to talk to one another
Today after the bell, video-chat service Zoom reported its Q1 earnings. The company disclosed that it generated $328.2 million in revenue, up 169% compared to the year-ago period. The company also reported $0.20 per-share in adjusted profit during the three-month period. Analysts, as averaged by Yahoo Finance, expected Zoom to report $202.48 million in revenue, […] Continue reading Remote work helps Zoom grow 169% in one year, posting $328.2M in Q1 revenue
Earlier this week, the Equity crew caught up with Work-Bench investor Jon Lehr to get his take on the current market, and how his firm goes about making investment decisions. The conversation was a treat, so we cut a piece of it off for everyone to listen to. The full audio and a loose transcript […] Continue reading Talking venture, B2B and thesis-driven investment with Work-Bench’s Jon Lehr
To ward off a hostile takeover bid by Xerox, which is a much smaller company, HP (not to be confused with Hewlett Packard Enterprise, a separate public company) is promising its investors billions and billions of dollars. All investors have to do to get the goods is reject the Xerox deal. In a letter to […] Continue reading HP offers its investors billions in shareholder returns to avoid a Xerox tie-up