IPO
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Gaming firm Razer up 18% following Hong Kong IPO
Razer has continued a winning streak of IPOs from Asian companies after its share price surged as much as 41 percent up on its first day of trading on the Hong Kong Stock Exchange. The company, which makes accessories for PC gamers, laptops and is preparing to sell its first smartphone, raised $529 million from the sale of 1,063,600,000 shares. After deductions, Razer estimated its take-home… Read More
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MongoDB prices its IPO at $24 per share
MongoDB has finished up what is essentially the final step in going public, pricing its IPO at $24 and raising $192 million in the process. The company will debut on the public markets tomorrow and will once again test the waters for companies that are looking to build full-fledged businesses on the back of open-sourced software. MongoDB provides open-sourced database software that can be… Read More
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Roku nearly doubles since IPO, up another 13% on day two
Digital streaming business Roku has soared in its public debut. After pricing its IPO Wednesday at $14 per share, Roku finished its first day of trading at $23.50, up nearly 68%. And by the end of Friday, Roku closed at $26.54, or up 90% in less than 48 hours. The company is now valued at about $2.6 billion. So this must be great news for the company, right? Well, sort of. Read More
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After a 4% pop, Rovio closes at a lackluster €11.50, level with its IPO price
Rovio, maker of the Angry Birds gaming franchise, saw a small pop of 4.3 percent in its first day of trading as a public company, but like the very birds that get catapulted in Rovio’s original blockbuster game, the rise was not to last.
After pricing its IPO at €11.50 per share — the top of its range — to raise €30 million, today the stock opened on the Nasdaq Nordic… Read More
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Apttus scores $55M as it closes in on an IPO
Apttus, the unicorn quote-to-cash vendor built on the Salesforce platform, announced a $55 million round, which is likely its final private investment on the way to an IPO. While CEO Kirk Krappe wouldn’t definitively confirm the company was going public, he did say that today’s round was about gaining the confidence of future investors. “We decided we needed a certain amount… Read More
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Database provider MongoDB has filed confidentially for IPO
MongoDB has filed confidentially for IPO, sources tell TechCrunch. The company has submitted an S-1 filing in the past few weeks and is aiming to go public before the end of the year.
New York-based MongoDB helps companies including Adobe, eBay and Citigroup manage databases. Some of its offerings include its name-bearing MongoDB open source database and the Atlas database-as-a-service… Read More
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Longtime enterprise exec Quentin Clark joins Dropbox as SVP of Engineering, Product and Design
As Dropbox slowly gears up toward its initial public offering, it’s bringing on a longtime enterprise executive — Quentin Clark, a former VP of Microsoft as well as SAP CTO — as head of its very-long-title-where-he-will-oversee-a-ton-of-things. Mattress startup Purple merges with NY shell company in $1.1 billion deal
Purple, a Utah-based mattress startup announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. Purple was already well on its way to that valuation when we got to take a sneak peak at operations at the company’s headquarters in the small town of Alpine, Utah and its giant factory an hour away in rural Grantsville… Read More
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Tintri up slightly after lowering IPO price
Enterprise cloud company Tintri was supposed to debut on the public markets yesterday with an IPO price between $10.50 to $12.50, but then pushed things back a day and lowered its price to $7. Shares were up about 3.5 percent midday Friday, trading at roughly $7.25 per share. Read More
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Storage provider Tintri’s IPO filing shows mounting losses
Blue Apron wasn’t the only venture-backed business to announce its IPO this week. Tintri, an enterprise cloud platform company, unveiled its filing. The stock market is doing well and there’s been a strong appetite for tech offerings, so it’s a good time to go public. But Tintri’s mounting losses could prove to be problematic. Tintri brought in $125.1 million… Read More
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