While everyone was looking at Dropbox’s debut, Pivotal Software dropped its IPO filing. The enterprise cloud computing company is majority-owned by Dell, which came about after its merger with EMC in 2016. It was spun off from Dell, EMC and VMWare in April 2013. Since then, it raised $1.7 billion in funding from Microsoft, Ford and […]
View More Pivotal Software files for IPOCategory: IPO
Y Combinator’s Jessica Livingston on Dropbox IPO: “It was just a dream of ours”
Dropbox, after more than a decade, finally went public this morning — and the stock soared more than 40% in its initial trading, making it a marquee success for one of the original Web 2.0 companies (at least for now). While we still have to wait for the dust to settle, it’s been a very […]
View More Y Combinator’s Jessica Livingston on Dropbox IPO: “It was just a dream of ours”Dropbox soars more than 40% in its debut as a publicly-traded company
It’s a big day for Dropbox — the first marquee Web 2.0 name to go public this year and one of the biggest since Snap last year — which made its public debut today, with the stock soaring nearly 43% to around $30 in its first moments of trading. Today’s debut for the enterprise-slash-consumer company […]
View More Dropbox soars more than 40% in its debut as a publicly-traded companyDocuSign has filed confidentially for IPO
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 […]
View More DocuSign has filed confidentially for IPOZscaler soars 106% on first day of trading
It was a big debut for enterprise cloud security company Zscaler, which saw its shares skyrocket 106% on its first day of trading. After pricing at $16, shares opened at $27.50, and closed at $34. This was also well above the original expected price range for its IPO of $10 to $12. The company ultimately raised […]
View More Zscaler soars 106% on first day of tradingA brief history of Dropbox
Dropbox first appeared on the startup scene with its debut at Y Combinator Demo Day way back in the summer of 2007. Since then, the company has grown to hundreds of millions of users and to a value of more than $10 billion dollars — putting it in a cherry position for a much-anticipated initial public offering. But how did this cloud storage company take on the world, beating out so… Read More
Here’s what Spotify shares will be worth when they start trading
Spotify has finally filed to go public. But unlike most tech offerings, Spotify won’t be raising any money by issuing new shares. Instead they’ll just allow existing shares owned by investors and employees to be traded publicly on the New York Stock Exchange. No IPO means there are no investment banks to underwrite and price the offering, meaning the public markets will essentially… Read More
Cardlytics up 3% following IPO, raised $70 million
Atlanta-based Cardlytics made its public debut on Friday, closing the day at $13.37, just a little above the IPO price of $13. The company sold 5.4 million shares, raising $70 million. Cardlytics works with financial institutions like Bank of Ame…
View More Cardlytics up 3% following IPO, raised $70 millionAirbnb CFO Laurence Tosi is out
Airbnb CFO Laurence Tosi is leaving the company, Airbnb announced today. This comes shortly after The Information reported there were some tensions brewing between Brian Chesky and Tosi over the future of the company. Read More
View More Airbnb CFO Laurence Tosi is out2018 could bring the IPOs that tech has been promised for years
After years of drought and parched conditions, the U.S. tech IPO market could see a number of well-known players push forward with their debuts in 2018. That sentiment is grounded in the number of companies currently rumored to have filed or star…
View More 2018 could bring the IPOs that tech has been promised for yearsDropbox files confidentially for IPO
Dropbox has filed confidentially for IPO, according to Bloomberg. TechCrunch has been hearing that the cloud company plans to go public in early 2018. The company did not respond to request for comment. Read More
A $1.6 billion lawsuit won’t derail Spotify or its IPO
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You’d think a $1.6 billion lawsuit might derail a company having trouble turning a profit and about to go public.
Not so much.
Spotify is all systems go for its upcoming and unorthodox public offering, in which the company will start start publicly trading its shares on the New York Stock Exchange in an unorthodox direct listing arrangement.
Despite the lawsuit, the company has enjoyed a run of good news. Last week, Spotify announced it had surpassed 70 million paid subscribers, drubbing the competitionApple Music, in second place, has 30 million subscribers. Before that, Spotify signed new deals with record labels that provided the streaming music company with a better cut of the money it brings in through subscribers and advertising — a major step toward profitability. Read more…
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View More A $1.6 billion lawsuit won’t derail Spotify or its IPO