Showing posts with label IPO. Show all posts
Showing posts with label IPO. Show all posts

Saturday, July 28, 2018

Bloom Energy completes IPO - fuel cells

Bloom Energy Corporation (NYSE:BE) completed its initial public offering of 18,000,000 shares at a price to the public of $15.00 per share, raising $270 million. 

Bloom Energy, which is based in Sunnyvale, California, offers a solid oxide fuel cell product called the "Bloom Energy Server" that converts standard low pressure natural gas or biogas into electricity through an electrochemical process without combustion. 

The company says a typical configuration produces 250 kilowatts of power in a footprint roughly equivalent to that of half of a standard 30 foot shipping container, or approximately 125 times more
space-efficient than solar power generation.  Bloom has announced a number of large customers, including AT&T, Caltech, Delmarva Power & Light Company, Equinix, The Home Depot, Kaiser
Permanente and The Wonderful Company.

According to the company's S-1 filing, as of March 31, 2018, Bloom had 312 megawatts in total deployed systems, representing an average annual growth rate of approximately 25% since 2014. In addition, as of March 31, 2018, Bloom had an additional product sales backlog of 108.2 megawatts.

Equinix to install 37 MW of Bloom Energy fuel cells


Equinix will deploy Bloom Energy fuel cells at 12 International Business Exchange (IBX) data centers in the U.S.  The installation is provided under a 15-year Power Purchase Agreement (PPA) between a subsidiary of Southern Company and Equinix. The project will provide a total capacity of more than 37 megawatts of power with a phased installation that begins in late 2017 through 2019. Equinix said the new fuel cells will be installed at seven...

Microsoft Contracts 237 Megawatts of Wind Energy


Microsoft announced two wind power purchasing agreements totaling 237 megawatts -- its biggest purchase of wind energy to date. “Microsoft is committed to building a responsible cloud, and these agreements represent progress toward our goal of improving the energy mix at our datacenters,” said Brad Smith, president and chief legal officer at Microsoft. “Our commitment extends beyond greening our own operations because these projects help create...

Sunday, May 6, 2018

Shares in Carbon Black leap 26% in IPO - end point security

Shares in Carbon Black rose 26% over their IPO price to close at $23.94. The shares are now traded on Nasdaq under the symbol CBLK.

Carbon Black, which is based in Waltham, Mass., specializes in endpoint security and its solutions encompass application control, endpoint detection and response (EDR), and next-generation antivirus (NGAV).

Carbon Black operates a big data and analytics cloud platform that enables customers to defend against the most advanced cyber threats, including malware, ransomware, and non-malware attacks. The company serves more than 3,700 customers globally.

Wednesday, April 18, 2018

AT&T withdraws IPO for DIRECTV Latin America

Citing current market conditions, AT&T withdrew its planned initial public offering of shares of Vrio Corp., a holding company for its Latin American digital entertainment services unit, DIRECTV Latin America.

Registration papers for the planned IPO were filed last month.

Monday, April 9, 2018

Pivotal to offer 37 million shares with IPO range of $14-$16

Pivotal Software, a division of Dell that offers a cloud-native platform for enterprises that delivers "any app to every major private and public cloud", announced the launch of its initial public offering of 37,000,000 shares of its Class A common stock. Pivotal says its foundry platform helps improve software developer productivity, operational efficiency, security and availability for enterprise apps. High availability. Ops tea Pivotal is offering 33,117,000 shares of its Class A common stock and General Electric, the selling stockholder, is offering 3,883,000 shares of Class A common stock (which represents approximately 20% of General Electric’s position in Pivotal). The initial public offering price is expected to be between $14.00 and $16.00 per share.

This would raise up to $592 million.

Pivotal is seeking a listing on the New York Stock Exchange under the ticker symbol "PVTL".

Pivotal Software was formed as an independent company in 2012 after spinning out of EMC Corp. and VMware (which was majority-owned by EMC). In 2013, GE invested $105 million for a 10% stake.

Friday, March 23, 2018

Dropbox shares pop 40% in IPO

Shares in Dropbox popped by over 40% to over $29 on the first day of trading on Nasdaq.

The Nasdaq listing is DBX.  The initial public offering (IPO) price range as $18 to $20.

Dropbox passed the milestone of over 500 million registered users in March 2016. At the time, the Dropbox API was generating over 500 billion calls per year.  Collectively, these users have made 4.5 billion connections to share content.

Friday, November 3, 2017

Aquantia rises 6% in IPO, raising $61m for its 10GBase-T PHYs

The share price of Aquantia, which offers 10GBASE-T PHY and other Ethernet solutions, rose 6% on its first day of trading on the NYSE under the symbol "AQ" to close at $9.51.

The company sold 6,818,000 shares of its common stock in the IPO, raising $61 million.

Aquantia is based in San Jose, California.

Monday, October 9, 2017

Aquantia files for IPO

Aquantia Corp., which supplies high-speed Ethernet silicon for data centres, enterprise infrastructure and client connectivity, filed an S-1 registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock.

Aquantia has applied to list its common stock on the New York Stock Exchange under the ticker symbol “AQ.”

Morgan Stanley & Co. LLC, Barclays Capital Inc., and Deutsche Bank Securities are acting as bookrunners for the proposed offering. Needham & Company and Raymond James are acting as co-managers.

  • Aquantia is based in Fremont, California. 
  • Aquantia is headed by Faraj Aalaei, CEO and Chairman of the Board. Previously, Aalaei served as Chief Executive Officer and was one of the founders of Centillium Communications, a semiconductor solutions company.


Wednesday, July 19, 2017

Tintri offers Lego-like Enterprise Cloud Amidst Fierce Competition

Tintri, a networking start-up from Silicon Valley, made its initial public offering (IPO) on June 30,2017 and its shares are now trading on NASDAQ under the symbol 'TNTR'. The IPO raised approximately $60 million for the Mountain View, California-based company – a lukewarm Wall Street response considering earlier speculation that the shares might debut in the range of $10.50 to $12.50. Many expected the IPO to occur at the start of last week and at the higher price range. It was not clear why the IPO was delayed by a few days, but the lower price must have caused consternation for early investors and employees. Post IPO, Tintri, which means 'lightning' in the Irish language, currently has a market capitalisation value of about $225 million.

Tintri was founded in 2008 by Kieran Hearty, who had previously led engineering at VMware, and Mark Grittier, who had previously worked on software engineering at Sun Microsystems. The first products were introduced nearly 3 years later in March 2011. In August 2015, Tintri raised a $125 million Series F funding round led by Silver Lake Craftwork and included existing investors Insight Venture Partners, Light speed Ventures, Menlo Ventures and NEA. In December 2016, Charles Giancarlo, the former CTO of Cisco Systems, joined the Tintri board.

Tintri prides itself of having developed an enterprise cloud platform with a 'Lego-like' design that allows for every storage action at the individual virtual machine level. The value proposition is simple: scale the enterprise cloud from terabytes of storage to multiple petabytes as efficiently as possible. The Tintri CONNECT web services architecture use the 'Lego' building-block approach predicated on REST APIs and VM and container level abstraction. The frameworks runs applications on resource pools that span VMware, Citrix,Microsoft and OpenStack. This supports a DevOps model, where resource can be spun up or torn down on-demand, including via automated bots or modern interfaces such as Slack or Amazon's Alexa. To deliver this, Tintri's platform integrates cloud management software, web services and a range of all-flash storage systems.

A key ingredient is a virtualisation-aware file system that allows an organisation to view, manage and analyse application performance and quality of service. In a sense, it enables a private version of a public cloud. Use cases include server virtualisation, virtual desktop infrastructure, or VDI, disaster recovery and data protection, and development operations, or DevOps. Tintri says it has an advantage because innovation in storage has lagged and lacked granular level operation at the VM and container level. Marquee customers include AMD, F5 Networks, GE, NEC, NTT, MillerCoors and Time Warner.

Key metrics on Tintri:

The company has more than 575 employees, over 1,300 customers, including 21 of the Fortune 100, 9 of the 16 largest U.S. federal government agencies and multiple cloud service provider customers. In 2015, it had revenue of $49.8 million, a net loss of $69.7 million, and gross margin of 56%; for 2016, revenue was $86.0 million, net loss $101.0 million and gross margin 63%; for 2017 its revenue was $125.1 million, net loss $105.8 million and gross margin of $65%. Accumulated deficit as of January 31, 2017 was $338.7 million.

A wide field of competitors

In enterprise networking, it is safe to say that every vendor has been moving toward cloud or hybrid cloud solutions for some time. For Tintri, though it may have been early to foresee the need for enterprises to rapidly scale their storage in a cloud-friendly way, there is now strong competition from both the larger, multinational vendors and a wave of nimble competitors from both the software and storage fields. Key competitors include the following.

Nutanix

Nutanix offers hyperconverged appliances combining compute, storage and networking. This is a different approach to software-defined storage that appeals in many similar use cases. For a size comparison with Tintri, Nutanix recently reported Q1 2017 revenue of $191.8 million, up 67% year-over-year.

Dell EMC

Dell EMC, which can be considered the king of storage and file management, with the newly combined company pulling together the full picture of hybrid enterprise cloud IT, including security.

NetApp

NetApp has been delivering enterprise storage and file management solutions since 1992. In December 2016, NetApp agreed to acquire SolidFire for $870 million in cash, significantly more than the current market capitalisation of Trintri. SolidFire specialised in all-flash storage systems for next-generation data centres. Its distributed, self-healing, webscale architecture also promise seamless scalability, white box economics, and radically simple management. This enables customers to accelerate third platform use cases and webscale economics. SolidFire was recognised as an active leader in the cloud community with extensive integrated storage management capabilities with OpenStack, VMware, and other cloud frameworks.

HPE

In May 2017, Hewlett Packard Enterprise agreed to acquire Nimble Storage, a supplier of predictive all-flash and hybrid-flash storage solutions, for $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion. In addition to the purchase price, HPE also agreed to assume or pay out Nimble's $200 million in unvested equity awards. Nimble offers midrange flash storage solutions featuring an intelligent, predictive analytics engine that assesses performance issues across the full data path, from apps to the array.  In addition, Nimble has recently introduced multi-cloud storage services that combine the best of on-premises and public cloud storage capabilities for hybrid IT deployments. Nimble, which is based in San Jose, California, was founded in 2007 and has approximately 1,300 employees worldwide. The company delivered revenue of $402 million in its most recent fiscal year, up 25 percent year over year.

Hitachi Data Systems

HDS, which traces its roots back to Itel, an early player in the mainframe market, is also based in Silicon Valley. The company offers increasingly sophisticated file management technologies.

IBM

In 2015, IBM announced plans to invest $1 billion over the next five years to develop next-generation technologies for software-defined storage. IBM intends to focus this investment on R&D of new cloud storage software, object storage and open standard technologies including OpenStack. The IBM Spectrum Storage portfolio, which already incorporates more than 700 patents held by the company, will be directed toward helping enterprises transform to a hybrid cloud.

VMware

In 2013, VMware acquired Virsto Software, a start-up offering software for optimising storage performance and utilization in virtual environments. Virsto, which was founded in 2007 and was based in Sunnyvale, California, developed a storage hypervisor that 'does for storage what the server hypervisor did for servers'.

Pure Storage

Last month, Pure Storage, which is known for its all-flash arrays, unveiled its vision for multi-cloud data management. This system also promises support for VMware VVOLs, Microsoft ODX, Docker Persistent Containers, native data protection integration with public cloud providers, and pre-validated FlashStack.



Saturday, April 29, 2017

Cloudera Pops 20% on First Day of Trading

Shares in Cloudera (NYSE: CLDR) rose over 20% on their first day of trading to close at $18.09 and giving it a market cap of about $2.3 billion. The IPO price was $15.

Cloudera, which was founded in 2008 and is based in Palo Alto, California, specializes in enterprise analytic data solutions powered by Apache Hadoop. Cloudera's overall revenue was about $261 million last year, up significantly from the year before. The company has approximately 1,600 employees.

http://www.cloudera.com

Cloudera's Latest Funding Round Brings Up $900 Million

Cloudera confirmed that its latest funding round, which included a strategic investment from Intel, amounts to $900 million.  This financing round includes the previously-announced $160 million of funding from T. Rowe Price and three other top-tier public market investors, Google Ventures, and an affiliate of MSD Capital, L.P., the private investment arm of Michael Dell and his family, and a significant equity investment by Intel that gives them an 18% share of Cloudera.

“The market opportunity for companies to gain insight and build transformative applications based on Hadoop is tremendous,” said Tom Reilly, CEO of Cloudera. “Clearly, demand is accelerating and the market is poised for growth – for all of the players in this space, and we believe Cloudera will be the company to lead this global shift in extracting value from data. This position of strength and leadership is evidenced by the strong support of public market investors, large institutional investors and now key strategic investors including Intel, who’ve made sizable and significant contributions to cement our platform offering.”

Monday, October 17, 2016

Quantenna's IPO Expected Today - QTNA - Wi-Fi Silicon

Quantenna Communications, which develops high-performance Wi-Fi silicon, expects to launch the initial public offering (IPO) of its common stock on October 17, 2016 on the NASDAQ Global Select Market under the ticker symbol "QTNA."

The offering is for 6.7 million shares at an initial price range of $14.00 to $16.00 per share.

http://www.quantenna.com/2016/10/quantenna-communications-launches-initial-public-offering/

Friday, September 30, 2016

Nutanix Soars 130% in IPO - Nasdaq NTNX

Shares in Nutanix (NTNX) soared during an initial public offering (IPO) on Friday, ending the day up 130% over its initial price.

The company offered 14,870,000 shares of Class A common stock at a price of $16.00 per share.

http://www.nutanix.com




Nutanix S1 Filing: Quarterly Revenue at $139.8 million



For its most recently fiscal quarter ended 31-July-2016, Nutanix recorded revenue of $139.8 million, according to a recently updated Form S-1 registration statement filed with the SEC ahead of a potential initial public offering (IPO). Nutanix provides a next-generation enterprise cloud platform that "converges traditional silos of server, virtualization and storage into one integrated solution and can also connect to public cloud services." Some...


nverged platform for scale-out applic

Wednesday, September 28, 2016

Nutanix Prices IPO Shares in $13-15 Range

Shares in Nutanix are expected to begin trading on The NASDAQ Global Select Market under the symbol “NTNX.”

The company expects the initial public offering price will be between $13.00 and $15.00 per share, potentially raising up to $241.5 million for the San Jose based firm.


Nutanix S1 Filing: Quarterly Revenue at $139.8 million


For its most recently fiscal quarter ended 31-July-2016, Nutanix recorded revenue of $139.8 million, according to a recently updated Form S-1 registration statement filed with the SEC ahead of a potential initial public offering (IPO). Nutanix provides a next-generation enterprise cloud platform that "converges traditional silos of server, virtualization and storage into one integrated solution and can also conn

Wednesday, September 14, 2016

Nutanix S1 Filing: Quarterly Revenue at $139.8 million

For its most recently fiscal quarter ended 31-July-2016, Nutanix recorded revenue of $139.8 million, according to a recently updated Form S-1 registration statement filed with the SEC ahead of a potential initial public offering (IPO).

Nutanix provides a next-generation enterprise cloud platform that "converges traditional silos of server, virtualization and storage into one integrated solution and can also connect to public cloud services."

Some additional highlights from the S1 filing:

  • The company recorded a net loss of $126,127,000 for fiscal 2015, and a net loss of $84,003,000 for fiscal 2014.    
  • Average billings growth of 20% on a quarterly basis for the last eight fiscal quarters, which grew from $60.8 million in the three months ended October 31, 2014.
  • Average revenue growth of 17% on a quarterly basis for the last eight fiscal quarters, which grew from $46.1 million in the three months ended October 31, 2014 to $139.8 million in the three months ended July 31, 2016.
  • Average total end-customer growth of approximately 22% on a quarterly basis over the last eight fiscal quarters, which grew from 782 end-customers as of July 31, 2014 to 3,768 end-customers as of July 31, 2016. 
  • 657 new end-customers acquired during the three months ended July 31, 2016.
  • Adjusted gross margin percentage of 61% in the three months ended July 31, 2016.
  • Dell has accounted for "a meaningful portion" of Nutanix total billings over the past few fiscal quarters. This OEM relationship could be at risk given the recent Dell-EMC merger.
  • Super Micro Computer and Avnet provide contract assembly and testing for Nutanix.


The full filing is here:
https://www.sec.gov/Archives/edgar/data/1618732/000119312516707549/d937439ds1a.htm

Nutanix Files for IPO

Nutanix has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its Class A common stock.

Nutanix is seeking to list its Class A common stock on The NASDAQ Global Select Market under the ticker symbol "NTNX.”

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC will act as lead book-running managers, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC will act as book-running managers for the proposed offering. Robert W. Baird & Co. Incorporated; Needham & Company LLC; Oppenheimer & Co. Inc.; Pacific Crest Securities, a division of KeyBanc Capital Markets Inc.; Piper Jaffray & Co.; Raymond James; Stifel; and William Blair & Company, L.L.C. will act as co-managers.

http://www.nutanix.com

Nutanix Raises $140 Million for Converged Data Center Solutions

Nutanix, a start-up based in San Jose, California, announced a $140 million Series E funding round at over a $2 billion valuation.

Nutanix offers a Virtual Computing Platform, which integrates compute and storage into a single solution for the data center. Its web-scale software runs on all popular virtualization hypervisors, including VMware vSphere, Microsoft Hyper-V and open source KVM, and is uniquely able to span multiple hypervisors in the same environment.

The latest round brings Nutanix's total funding to $312 million.

http://www.nutanix.com


  • In June 2014, Nutanix announced an OEM deal under which Dell will offer a new family of converged infrastructure appliances based on Nutanix web-scale technology under an OEM deal announced by the firms. The companies said the combination of Nutanix’s software running on Dell’s servers delivers a flexible, scale-out platform that brings IT simplicity to modern data centers.
    Specifically, the new Dell XC Series of Web-scale Converged Appliances will be built with Nutanix software running on Dell PowerEdge servers.

Wednesday, June 22, 2016

Twilio's IPO Priced at $15

Twilio announced the pricing of its public offering of 10,000,000 shares of Class A common stock at a price of $15.00 per share. The shares are expected to begin trading on the New York Stock Exchange on June 23, 2016 under the symbol “TWLO.”

Twilio's platform enables developers to embed real-time communication and authentication capabilities directly into their software applications. The company was founded in 2008 and has over 500 employees, with headquarters in San Francisco and other offices in Bogotá, Dublin, Hong Kong, London, Mountain View, Munich, New York City, Singapore and Tallinn.

http://www.twilio.com

  • Twilio was founded by Jeff Lawson, previously a Product Manager for Amazon Web Services, and Evan Cooke, previously a Postdoctoral research fellow in network security and distributed systems at the University of Michigan.

Sunday, December 27, 2015

Acacia Communications Files for IPO

Acacia Communications, a start-up based in Maynard, MA, filed a registration statement with the SEC for an initial public offering of its shares.

The company is seeking to list its shares under the symbol ACIA on the Nasdaq Global Market
Acacia, which was founded in 2009, develops  high-speed coherent optical interconnect products, including a series of low-power coherent DSP ASICs and silicon PICs.  The company has integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 Gbps for use in long-haul, metro and inter-data center markets. Acacia’s coherent DSP ASICs and silicon PICs are manufactured using CMOS and CMOS-compatible processes. Using CMOS to siliconize optical interconnect technology enables Acacia to continue to integrate increasing functionality into its products, benefit from higher yields and reliability associated with CMOS and capitalize on regular improvements in CMOS performance, density and cost.

In its S-1 statement, Acacia said it had 20 network equipment manufacturers as customers for the year ending September 30, 2015. Acacia's revenue for 2014 was $146.2 million, an 88.3% increase from $77.7 million of revenue in 2013. Its revenue for the nine months ended September 30, 2015 was $170.5 million, a 62.0% increase from $105.2 million of revenue in the nine months ended September 30, 2014. In 2014, the company generated net income of $13.5 million and our adjusted EBITDA was $20.4 million, compared to a net loss of $1.2 million and adjusted EBITDA of $3.6 million in 2013.  For the nine months ended September 30, 2015, Acacia generated net income of $17.9 million and our adjusted EBITDA was $31.7 million, compared to net income of $11.0 million and adjusted EBITDA of $16.0 million for the nine months ended September 30, 2014.

http://www.sec.gov/Archives/edgar/data/1651235/000119312515409344/d46988ds1.htm
http://acacia-inc.com


Wednesday, December 23, 2015

Nutanix Files for IPO

Nutanix has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its Class A common stock.

Nutanix is seeking to list its Class A common stock on The NASDAQ Global Select Market under the ticker symbol "NTNX.”

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC will act as lead book-running managers, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC will act as book-running managers for the proposed offering. Robert W. Baird & Co. Incorporated; Needham & Company LLC; Oppenheimer & Co. Inc.; Pacific Crest Securities, a division of KeyBanc Capital Markets Inc.; Piper Jaffray & Co.; Raymond James; Stifel; and William Blair & Company, L.L.C. will act as co-managers.

http://www.nutanix.com

Nutanix Raises $140 Million for Converged Data Center Solutions

Nutanix, a start-up based in San Jose, California, announced a $140 million Series E funding round at over a $2 billion valuation.

Nutanix offers a Virtual Computing Platform, which integrates compute and storage into a single solution for the data center. Its web-scale software runs on all popular virtualization hypervisors, including VMware vSphere, Microsoft Hyper-V and open source KVM, and is uniquely able to span multiple hypervisors in the same environment.

The latest round brings Nutanix's total funding to $312 million.

Nutanix reports annualized bookings exceeding a run rate of $200 million.  The company has over 800 customers, including 29 customers who have purchased more than $1 million in aggregate products and services.  Nutanix's growing list of customers includes Airbus, China Merchant Bank, Honda, ConocoPhillips, Total SA, Toyota, US Navy and Yahoo! Japan.

"The convergence of servers, storage and networking in the datacenter has created one of the largest business opportunities in enterprise technology, and Nutanix is at the epicenter of this transformation," said Dheeraj Pandey, co-founder and CEO, Nutanix. "We are proud of the progress we have made, and are confident in capitalizing on the enormous opportunity that lies ahead of us. We recognize the importance of building relationships with leading public market investors, and are honored to welcome them as partners in driving the long-term success of our Company."

http://www.nutanix.com


  • In June 2014, Nutanix announced an OEM deal under which Dell will offer a new family of converged infrastructure appliances based on Nutanix web-scale technology under an OEM deal announced by the firms. The companies said the combination of Nutanix’s software running on Dell’s servers delivers a flexible, scale-out platform that brings IT simplicity to modern data centers.
    Specifically, the new Dell XC Series of Web-scale Converged Appliances will be built with Nutanix software running on Dell PowerEdge servers, and will be available in multiple variants to meet a wide range of price and performance options. The appliances will deliver high-performance converged infrastructure ideal for powering a broad spectrum of popular enterprise use cases, including virtual desktop infrastructure (VDI), virtualized business applications, multi-hypervisor environments and more.

Wednesday, October 7, 2015

Pure Storage Fizzles in IPO

Pure Storage, a start-up based in Mountain View, California, completed its initial public offering (IPO) of 25,000,000 shares of its Class A common stock at a price to the public of $17.00 per share.  Trading of NYSE:PSTG closed at $16.01. The company offers all-flash storage arrays.

https://www.purestorage.com


  • In April 2014, Pure Storage closed a $225 million Series F funding round, at a pre-money valuation of over $3 billion, to support its all-flash enterprise storage array strategy.  The round included contributions from previous public market investors including T. Rowe Price Associates, Inc. and Tiger Global and new investor, Wellington Management Company. The round also included participation from prior venture capital investors Greylock Partners, Index Ventures, Redpoint Ventures, and Sutter Hill Ventures. The new funding brings the company’s total capital raised to $470 million to date.

Digicel Withdraws Plans for Upcoming IPO

Digicel Group, which provides communications services in 31 markets in the Caribbean and South Pacific, withdrew its plans for an upcoming initial public offering.  The company cited inopportune conditions particularly in emerging markets.

Commenting, Denis O’Brien, Chairman, Digicel said: “Given our growth outlook, an IPO for Digicel was optional and predicated on achieving fair value for the company. Recent volatility in equity markets has seen a number of IPOs listing at a discount to their signalled price range and this was a less attractive route for us.”

“Digicel is now at a key juncture in our growth story following a $1.5 billion investment programme over the past three years; we generate strong and growing free cash flow and we have no material debt maturities until 2021. Our growth plans remain unchanged and we remain in a strong position to exploit areas of interest in: Data, Business Solutions, Cable TV and Broadband.”

http://www.digicelgroup.com/en.html

Friday, July 17, 2015

Rapid7 Pops in IPO

Rapid7, which provides security data and analytics solutions, completed an initial public offering of 6,450,000 shares of common stock at a price to the public of $16.00 per share.

On the first day of trading, shares of Nasdaq: RPD closed at $25.28, up 58% for the day.

http://www.rapid7.com/

Monday, July 6, 2015

Ooma Readies for IPO with its Consumer & SMB Communications Platform

Ooma, a start-up that provides Internet-based telephony services based on a proprietary CPE device and cloud platform, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its common stock.

Ooma has applied to list its common stock on the New York Stock Exchange under the ticker symbol OOMA. The company plans to offer 5 million shares at an expected price range of $16 to $18 per share.

In its SEC filing, Ooma, is based in Palo Alto, California, said it has 678,000 core users as of April 30, 2015, up from approximately 174,000 on January 31, 2011 and representing a compound annual growth rate of approximately 38%. The company reports total revenue of $39.2 million, $53.7 million and $72.2 million in fiscal 2013, fiscal 2014 and fiscal 2015, respectively. Its total revenue for the three months ended April 30, 2014 and 2015 was $16.3 million and $19.9 million, respectively. Subscription and services revenue, which includes the recurring portion of our total revenue, has increased as a percentage of total revenue over the last four years, from approximately 30% in fiscal 2011 to 75% in fiscal 2015. It has also increased as a percentage of our total revenue from 67% for the three months ended April 30, 2014 to 78% for the three months ended April 30, 2015.

As for competitive differentiation, Ooma says its unique hybrid SaaS connectivity platform is scalable and extensible to new services. The company says this platform will enable it to add new connected services and exploit adjacent markets, all without significant additional capital investment or high customer acquisition costs. http://www.ooma.com/

See also