Collaborate Disseminate
DocuSign priced its IPO Thursday evening at $29 per share, netting the company $629 million. It was a better price than the e-signature company had been expecting. The initially proposed price range was $24 to $26 and then that was raised to $26 to $28. The price gives the company a valuation of $4.4 billion […] Continue reading DocuSign raises $629 million after pricing IPO
If your company lets you expense the nicest hotel when you travel, why wouldn’t you? But what if you got to split the savings with your employer by selecting a less expensive hotel? A New York-based startup called Rocketrip believes most employees will opt to save companies money if they are incentivized to do so. It’s built […] Continue reading Rocketrip raises $15 million to reward cost-saving employees
Stock market investors showed lukewarm enthusiasm for Pivotal Software’s debut on Friday. After pricing the IPO at $15, the company closed the day at $15.73. Although it didn’t “pop” for new investors, pricing at the midpoint of its proposed range allowed Pivotal to raise $555 million. Its public company market cap exceeded $3 billion. The enterprise […] Continue reading Pivotal Software closed up 5% following IPO, raised $555 million
When you’re raising venture capital, it helps if you’ve had “exits.” In other words, if your company has been acquired or you’ve taken one public, investors are more inclined to take a bet on anything you do. Boston -based serial entrepreneur David Cancel has sold not just one, but four companies. And after a few years […] Continue reading Drift raises $60 million to be an Amazon for businesses
Pluralsight, the Utah-based education technology company, has revealed its IPO filing. Given the timing of the unveiling, the company is likely targeting a May public debut. Its core business is online software development courses, helping people improve their skills in categories like IT, data and security. Businesses small and large pay Pluralsight to help train their […] Continue reading Utah’s Pluralsight unveils IPO filing
Subscription biller Zuora was well-received by stock market investors on Thursday, following its public debut. After pricing its IPO at $14 and raising $154 million, the company closed at $20, valuing the company around $2 billion. It was also much higher than expected. The company said in its filings that it planned to price its shares […] Continue reading Subscription biller Zuora soars 43% following IPO
There’s a new venture fund in town from some familiar faces. Carey Lai, who previously worked at Intel Capital and IVP, is joining forces with Paul Yeh, formerly of Kleiner Perkins. They’re calling it Conductive Ventures and it’s launching with $100 million under management. They’ll be investing in “expansion stage” companies across enterprise software and […] Continue reading Conductive Ventures launches $100 million enterprise fund
Dropbox’s surge on the stock market has continued, with the company going up another 7% on its second day on the stock market. The company saw its shares close at $30.45, giving the company about a $13 billion market cap, fully diluted. When it priced its IPO, there was a question as to whether Dropbox […] Continue reading Dropbox up another 7% on day two
Dropbox was off to the races on its first day as a public company. After pricing above the range at $21 per share, raising $756 million, Dropbox kicked off its first day soaring to $31.60, and closing the day at $28.48. This is up almost 36%. It’s surely a sign of public investor enthusiasm for […] Continue reading Dropbox finishes up 36% on first day of trading
DocuSign is gearing up to go public in the next six months, sources tell TechCrunch. The company, which pioneered the e-signature, has now filed confidentially, we are hearing. Utilizing a commonly used provision of the JOBS Act, DocuSign submitted its IPO filing behind closed doors and will reveal it weeks before its public debut. Like […] Continue reading DocuSign has filed confidentially for IPO