Sources: SentinelOne expects to raise over $1B in NYSE IPO tomorrow, listing with a $10B market cap

After launching its IPO last week with an expected listing price range of $26 to $29 per share, cybersecurity company SentinelOne is going public tomorrow with some momentum behind it. Sources close to the deal tell us that the company, which will be trading under the ticker “S” on the New York Stock Exchange, is […] Continue reading Sources: SentinelOne expects to raise over $1B in NYSE IPO tomorrow, listing with a $10B market cap

As UiPath closes above its final private valuation, CFO Ashim Gupta discusses his company’s path to market

TechCrunch spoke with UiPath CFO Ashim Gupta today to learn more about his company’s foray into the public markets. Continue reading As UiPath closes above its final private valuation, CFO Ashim Gupta discusses his company’s path to market

DigitalOcean’s IPO filing shows a two-class cloud market

This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.” DigitalOcean’s offering comes amidst a hot streak for tech IPOs, and valuations that are stretched by historical norms. The cloud hosting company was […] Continue reading DigitalOcean’s IPO filing shows a two-class cloud market

UiPath files confidential IPO paperwork with SEC

UiPath, the robotic process automation startup that has been growing like gangbusters, filed confidential paperwork with the SEC today ahead of a potential IPO. “UiPath, Inc. today announced that it has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the “SEC”) for a proposed public offering of […] Continue reading UiPath files confidential IPO paperwork with SEC

IPO all over again: McAfee prepares for return to Nasdaq

More than two decades since its last initial public offering, McAfee is planning another one. The Silicon Valley cybersecurity giant filed Monday for an IPO on the Nasdaq, a move that would separate the company from buyout firm TPG, which spun off McAfee from Intel in 2017. McAfee set a placeholder valuation of $100 million for the IPO, but the actual number is expected to be about $8 billion. There is no guarantee the company will have a successful IPO, or raise that amount of money, even as investors pour funds into public firms at a breakneck pace. The IPO market is nearing the end of the busiest third quarter for deals since 2000, the Wall Street Journal reported. Another company with cybersecurity interests, the big-data firm Palantir, is set to begin trading Wednesday on the New York Stock Exchange. Intel had acquired McAfee in 2010 for $7.7 billion. In 2017, TPG took a […]

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Sutter Hill strikes ice-cold, $2.5B pre-market return with Snowflake’s IPO filing

Today is the day for huge VC returns. We talked a bit about Sequoia’s coming huge win with the IPO of game engine Unity this morning. Now, Sequoia might actually have the second largest return among companies filing to go public with the SEC today. Sequoia strikes gold with Unity’s IPO filing Snowflake filed its […] Continue reading Sutter Hill strikes ice-cold, $2.5B pre-market return with Snowflake’s IPO filing

Rackspace preps IPO after going private in 2016 for $4.3B

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

Does Asana’s planned direct listing reveal the company’s true value?

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Asana, a well-known workplace productivity company, announced yesterday it has filed privately to go public. The San Francisco-based company is well-funded, having raised more than $200 million; well-known, due in part to its tech-famous founding […] Continue reading Does Asana’s planned direct listing reveal the company’s true value?