Tag Archive | "initial-public"

A Messaging Giant Goes Public In Korea And DCM Reaps The Rewards

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Yahoo Gets To Keep More Of Its Stake In Alibaba

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Alibaba’s IPO Means Consumer Tech Innovations From Asia Can’t Be Ignored Anymore

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Map by Flickr User Applied Nomadology

Online Dating Site Zoosk Files For $100M IPO, With $178M In Revenues And A $2.6M Net Loss In 2013

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Sequoia-Backed Chinese Retailer Jumei Files For $400M U.S. IPO

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Box CEO Aaron Levie Takes To Quora About His (Sorta) Small IPO Stake: It’s All Gravy

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Reporters and industry watchers go nuts when an S-1 is filed for an initial public offering because there are always a few surprises to be found while digging through the numbers. The Box IPO filing this past week was no exception. Along with details on Box’s revenue (growing quickly) and bottom line income (still in the red), the filing revealed that Aaron Levie, Box’s well-known and… Read More

Article courtesy of TechCrunch

Twitter’s IPO ‘Oversubscribed’ Despite Accelerating Losses And Growth Concerns

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twitter-stocks-ipo

Today, Bloomberg’s Sarah Frier and Serena Saitto report that Twitter’s highly anticipated initial public offering is oversubscribed, indicating booming interest for its shares as the firm looks to become a public company. Notably, Twitter had priced the shares well below expectations, all but guaranteeing an oversubscribed IPO.

The report says that the IPO had enough interest to be oversubscribed before bank involvement.

When Twitter filed its documents to go public, it was criticized by some for its extensive, and widening losses. And currently, all signs are pointing to Twitter’s revenue in calendar 2013 has expanded quickly as well. The company will raise around $1 billion in the IPO, valuing the firm at around $11 billion. Twitter plans to offer 70 million shares at $17-$20 per share. Early indications are that Twitter would price on November 6th and begin trading the day after.

At this point, Twitter now has options available to it including floating more shares or hitting above the higher end of the range when it prices next week. Losses aside, Twitter will be the hottest IPO of the year. Strap in.

Article courtesy of TechCrunch

Twitter To Offer 70M Shares In IPO, Priced At $17-$20 Per Share

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Twitter will offer 70 million shares in its Initial Public Offering, and has priced those shares at $17-$20 per share, reports Bloomberg. Twitter’s IPO pricing range was rumored to drop today, several weeks after it announced plans to go public.

More to follow…

Article courtesy of TechCrunch

Mark Zuckerberg to speak at TechCrunch Disrupt Sept. 11

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Facebook Co-Founder and CEO Mark Zuckerberg will take the stage once again at TechCrunch Disrupt in San Francisco, Sept. 11. Zuckerberg spoke at last year’s Disrupt event about mobile, the company’s initial public offering, and its efforts in search.

Much has happened since then, as Facebook launched Graph Search and Facebook Home, as well as several other mobile improvements.

Zuckerberg will speak at 2:55 p.m. on Wednesday, Sept. 11, the final day of Disrupt. While there’s no sign of exactly what he’ll discuss, between Facebook’s mobile efforts and Internet.org, there will be several potential topics.

Article courtesy of Inside Facebook

Sequoia- And Khosla-Backed Cloud Phone Company RingCentral Files For $100M IPO

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RingCentral, a company offering cloud-based phone and communication systems, has filed for an initial public offering of up to $100 million.

Incorporated all the way back in 1999, San Mateo, Calif.-based RingCentral says it saw revenue of $50.2 million in 2010, $78.9 million in 2011, and $114.5 million in 2012. However, it’s also experiencing growing losses, with net losses off $7.3 million, $13.9 million, and $35.4 million respectively.

Among the competitive advantages that RingCentral lists in the filing are its core technology, its mobile-centric approach, and its rapid release cycle. Risk factors, meanwhile, include the aforementioned losses, the reliance on third parties for network connectivity and data centers, and threats to the company’s security or IP.

RingCentral raised about $44 million in equity funding. CEO and founder Vladimir Shmumis remains the largest shareholder, with 19.6 percent of the company’s stock, followed by investors Sequoia Capital and Khosla Ventures, which have 17.2 percent and 16.7 percent respectively.

In the filing overview, the company writes:

We believe that there is a significant opportunity to leverage the benefits of cloud computing to provide next-generation, cloud-based business communications solutions that address the new realities of workforce mobility, multi-device environments and multi-channel communications, thereby enabling people to communicate the way they do business.

Article courtesy of TechCrunch

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