Category Archives: IPO

Tenable officially announces IPO

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Tenable announced on Friday that it has officially submitted plans to become a publicly traded company. The Columbia, Md.-based company filed its registration statement with the Securities and Exchange Commission, which companies must do to begin the initial public offering process. The company will be listed on the Nasdaq under the ticker TENB. Tenable is one of the most well-funded cybersecurity companies, having raised more than $300 million from private investors, according to Crunchbase. An IPO for Tenable has been expected since reports from earlier this year that it hired investment bank Morgan Stanley to help it with the filing process. In its filing, Tenable boasts that its revenue was $187.7 million in 2017, up from $124.4 million the previous year, representing 53 percent year-over-year growth. Founded in 2002, Tenable says that it serves 24,000 customers, including 53 percent of the Fortune 500. Since 2016, the company has been headed by CEO Amit […]

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Pluralsight prices its IPO at $15 per share, raising over $300M

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Pluralsight priced the shares in its IPO at $15 this afternoon, above its previously set target range of between $12 and $14, and will raise as much as $357 million ahead of its public debut tomorrow morning. Pluralsight offers software development courses, specifically ones targeting employees that are looking to advance in their careers by […] Continue reading Pluralsight prices its IPO at $15 per share, raising over $300M→

Tracking Security Innovation – Business Security Weekly #83

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Carbon Black looking for $1B valuation in IPO, Avast looking for $4.5B valuation in IPO, Scality, Minim raised $2.5M in Seed Funding, a Cybersecurity Pledge, and more on this episode on Business Security Weekly! Tracking Security Innovation Carbon Blac… Continue reading Tracking Security Innovation – Business Security Weekly #83→

Carbon Black stocks close 26 percent up on first day of public trading

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Cloud-based endpoint security company Carbon Black started trading shares on the Nasdaq on Friday, closing at 26 percent above its initial public offering price of $19 per share. In a filing with the Securities and Exchange Commission, Carbon Black said that it is hoping to raise $152 million in its initial public offering by selling 8 million shares. It had set its price range between $17 and $19 — after upping it from a previous filing — and opened on Friday to trades of about $24.50 per share. Stocks were at $23.94 when markets closed at 4 p.m. EDT. Carbon Black, Inc. is a security company based in Waltham, Massachusetts and was founded in December 2007. @carbonblack_inc #CarbonBlackIPO #CBLK⚡️ pic.twitter.com/jgkGBBazjM — Nasdaq (@Nasdaq) May 4, 2018 The Waltham, Mass., company has yet to turn a profit, but reports consistent increases in revenue in its SEC filings: $162 million in 2017, up from $116.2 million in 2016 and $70.6 […]

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DocuSign pops 30% and Smartsheet 23% in their debuts on Nasdaq and NYSE

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Enterprise tech IPOs continue to roar in 2018. Today, not one but two enterprise tech companies, DocuSign and Smartsheet, saw their share prices pop as they made their debuts on to the public markets. As of 1:33 New York time, DocuSign is trading higher at $39.77, up 37 percent from its IPO price and giving […] Continue reading DocuSign pops 30% and Smartsheet 23% in their debuts on Nasdaq and NYSE→

Tracking Security Innovation – Business Security Weekly #81

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Carbon Black files for IPO (worth $100M?), Bomgar acquired by Francisco Partners for undisclosed, SecDo acquired by Palo Alto Networks for undisclosed, SpyCloud raised $5M Series A, and more on this episode on Business Security Weekly! Carbon Black fil… Continue reading Tracking Security Innovation – Business Security Weekly #81→

Pivotal Software closed up 5% following IPO, raised $555 million

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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→

Subscription biller Zuora soars 43% following IPO

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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→

Carbon Black files for IPO

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Cybersecurity company Carbon Black has filed for its initial public offering, the company announced on Monday. While Carbon Black said in a press release that the number of shares and the price range offered hasn’t been determined, its filing with the Securities and Exchange Commission says it hopes to raise $100 million. The company applied to list its stock on the Nasdaq stock index under the symbol “CBLK.” The company names J.P. Morgan and Morgan Stanley as underwriters assisting it in the IPO. Based near Boston, Carbon Black provides anti-virus and endpoint security services to protect customers from cyberthreats. The company says that it has created categories in endpoint security, such as application control, endpoint detection and response (EDR) and next-generation antivirus (NGAV). In its filing, Carbon Black reports $162 million in revenue in 2017, up from $116.2 million in 2016 and $70.6 million in 2015. The company says it serves 3,700 customers globally, including 30 of the Fortune 100. […]

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Dropbox finishes up 36% on first day of trading

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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→