Collaborate Disseminate
Bringing a startup from idea to IPO isn’t an easy task, but if you can build something successful, one major milestone is to go public. Before your Nasdaq debut, however, there’s a major step — building a deck and taking it on the road for investors. Cloud computing company Nutanix went public in 2016, so […] Continue reading Nutanix execs discuss how they built their 2016 IPO roadshow deck
A few days before Christmas, TechCrunch caught up with CrowdStrike CEO George Kurtz to chat about his company’s public offering, direct listings and his expectations for the 2020 IPO market. We also spoke about CrowdStrike’s product niche — endpoint security — and a bit more on why he views his company as the Salesforce of […] Continue reading CrowdStrike’s CEO on how to IPO, direct listings and what’s ahead for SaaS startups
As the holiday slowdown looms, the final U.S.-listed technology IPOs have come in and begun to trade. Three tech, tech-ish or venture-backed companies went public this week: Bill.com, Sprout Social and EHang. Let’s quickly review how each has performed thus far. These are, bear in mind, the last IPOs of the year that we care […] Continue reading Grading the final tech IPOs of 2019
On the heels of Bill.com’s debut, Chicago-based social media software company Sprout Social priced its IPO last night at $17 per share, in the middle of its proposed $16 to $18 per-share range. Selling 8.8 million shares, Sprout raised just under $150 million in its debut. Underwriters have the option to purchase an additional 1.3 […] Continue reading Chicago’s Sprout Social prices IPO mid-range at $17 per share, raising $150M
Bill.com went public today after pricing its shares higher than it initially expected. The B2B payments company sold nearly 10 million shares at $22 apiece, raising around $216 million in its IPO. Public investors felt that the company’s price was a deal, sending the value of its equity to $35.51 per share as of the […] Continue reading Why Bill.com didn’t pursue a direct listing
GitLab is a company that doesn’t pull any punches or try to be coy. It actually has had a page on its website for sometime stating it intends to go public on November 18, 2020. You don’t see that level of transparency from late-stage startups all that often. Today, the company announced a huge $268 […] Continue reading GitLab hauls in $268M Series E on 2.768B valuation
Internet services and cybersecurity provider Cloudflare has acknowledged it may have violated U.S. sanctions by doing business with terrorist groups and international drug traffickers, an admission that comes as the San Francisco company prepares to go public as soon as this week. Cloudflare voluntarily disclosed the possible economic and trade sanction violations to the U.S. Department of Treasury in its S-1 filing, amended to stipulate that Cloudflare technology was “used by, or for the benefit of, certain individuals or entities” named on the Office of Foreign Assets Control’s list of Specially Designated Nationals, as the Wall Street Journal first reported. The filing does not name specific parties, saying only that the group includes “entities identified in OFAC’s counter-terrorism and counter-narcotics trafficking sanctions programs, or affiliated with governments currently subject to comprehensive U.S. sanctions.” A small number of those entities also made payments to Cloudflare. The updated regulatory filing also notes […]
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Internet services company Cloudflare has filed to go public, a long-anticipated move that comes amid ongoing controversy surrounding the firm’s reluctance to drop websites that allow hate speech. The San Francisco-based company on Thursday filed its S-1 document with the U.S. Securities and Exchange Commission, the first step in a process that will result in shares trading on the New York Stock Exchange under the “NET” symbol. It had 74,873 paying customers in the first half of this year, reporting a $36.8 million net loss on $129.2 million in revenue, according to the filing. Revenue was up 48% from the first half of 2018, the company said. Cloudflare aims to raise $100 million under the initial public offering. It offers distributed domain name server services, making it one of a handful of companies charged with ensuring vast swaths of the internet run smoothly and without interruption. Cloudflare also provides mitigation for distributed […]
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Continue reading Cloudflare acknowledges risk from customers like 8chan, Daily Stormer in IPO filing
Japanese multinational SoftBank will invest $200 million in Cybereason, doubling the Boston-based security vendor’s investment total as it marches toward an initial public offering. The deal brings Cybereason’s total funding to $400 million after prior investments from SoftBank, CRV, Spark Capital and Lockheed Martin. The company, founded in 2012 by former members of the Israeli Defense Forces signals intelligence unit, provides endpoint detection services, competing with the likes of Symantec, McAfee and CrowdStrike. This $200 million in Series E funding comes as part of Cybereason’s plan to invest in new services and find new clients, then go public within two years, said CEO Lior Div. “We took the money in order to build a bigger company than we are right now,” Div said on Monday. “Right now we have 500 people in the company, and this plan is to push to even more in order to be ready to go […]
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Continue reading Cybereason raises another $200 million, aims for IPO within 2 years
Before Tableau was the $15.7 billion key to Salesforce’s problems, it was a couple of founders arguing with a couple of venture capitalists over lunch about why its Series A valuation should be higher than $12 million pre-money. Salesforce has generally been one to signify corporate strategy shifts through their acquisitions, so you can understand […] Continue reading The Exit: The acquisition charting Salesforce’s future