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

Thursday, August 12, 2021

Rockley Photonics to begin trading on NYSE as RKLY

Rockley Photonics, a leading global silicon photonics firm, completed its business combination with SC Health Corp. The combined company will retain the Rockley Photonics, Ltd. name as a subsidiary of Rockley Photonics Holdings, Ltd., which will commence trading on the NYSE under the new ticker symbol “RKLY” on August 12. 

The approximately $167.8 million in gross proceeds available to Rockley following the combination is expected to enable the company to accelerate the commercial launch of its unique sensing platform and execute the 2023 and 2024 revenue projections as outlined in prior investor presentations. 

Rockley said its platform is positioned to revolutionize consumer health and wellness by enabling continuous, non-invasive monitoring of multiple biomarkers, including core body temperature, blood pressure, body hydration, alcohol, lactate, and glucose, among others. 

“Silicon photonics has tremendous potential to transform multiple industries through a broad range of applications, particularly in the health and wellness space by bringing laboratory-grade measurement on the wrist much closer to reality,” said Dr. Andrew Rickman, chief executive officer and founder of Rockley Photonics. “As we continue on the next phase of our growth as a public company, we are in a much stronger position to create solutions that can provide a new class of actionable insights, transform digital healthcare, and deliver life-changing benefits to people across the globe.”

https://investors.rockleyphotonics.com/

Wednesday, June 30, 2021

SentinelOne completes highest-valued cybersecurity IPO

SentinelOne, a cybersecurity firm based in Mountain View, California, completed an initial public offering of 35,000,000 shares of its Class A common stock at a public offering price of $35.00 per share, raising $1.2 billion for the firm. 

The shares, which are listed on the New York Stock Exchange under the ticker symbol "S", closed on 30-June-2021 at $42.50, giving the company a market cap of over $10 billion.

Thursday, June 3, 2021

Smartoptics Group AS completes IPO

 Smartoptics Group AS completed an initial public offering of its shares on Euronext Growth in Oslo, Norway.  The public listing follows a successful private placement raising gross NOK 100 million in new equity.

“The IPO is a milestone in Smartoptics’ history. We have over the last year experienced tremendous traction in the market, as we have developed technology and services that are perceived as more innovative and flexible than those of our competitors. As a listed company, we now have added fuel to power our ambitions of reaching USD 100 million in revenue and 15-20 percent EBITDA margin by 2025-2026,” said CEO Magnus Grenfeldt.

In 2020, Smartoptics had a revenue of USD 34.8 million and an EBITDA margin of 6 percent. The start of 2021 has been strong, with first quarter revenues growing 52 percent to reach USD 10 million and an EBITDA margin of 13.8 percent.

“We have positioned ourselves perfectly in this market. We have become a preferred vendor for many small and medium-sized operators and enterprises. Our technology, size and business culture make it possible for us to maneuver faster than the giants of the industry, and most of the other medium-sized players have been acquired. Hence, we face limited competition in our segment,” said Grenfeldt.

The Smartoptics shares were sold at NOK 10.38 per share in the private placement, equivalent to a post-money capitalization of approximately NOK 1 billion. The transaction included a secondary share sale of NOK 150 million. Among the investors are Danske Invest, Ã…landsbanken and Varner Invest.

Friday, April 23, 2021

Alphawave IP files for IPO

Alphawave IP, a start-up offering DSP-based silicon IP building blocks, has filed registration statements for a planned listing on the London Stock Exchange.

Recently, Alphawave announced the successful silicon bring up of its TSMC N6 1-112Gbps AlphaCORE100 IP, which is a multi-standard DSP PHY that supports 100G Ethernet, PCIe, CXL and Base Station standards.

In November 2020, Alphawave announced the successful silicon bring up of its TSMC N5 1-112Gbps AlphaCORE100 IP, which a multi-standard DSP PHY that supports the 100G Ethernet, PCIe, CXL and Base Station standards.

The company, which was founded in 2017, is based in Canada and the UK.

Monday, March 8, 2021

Airspan to go public through merger with a SPAC

Airspan Networks announced a merger agreement with and into New Beginnings Acquisition Corp. (NBA), a special purpose acquisition company (SPAC). The combination is expected to have an enterprise value of nearly $822 million. Upon closing of the business combination, expected in the third quarter of 2021, NBA will be renamed “Airspan Networks Holdings Inc.,” a publicly listed company, which is expected to be listed on the NYSE American with the ticker symbol “MIMO.”


“These seismic 5G industry trends play right into Airspan’s strengths,” said Eric Stonestrom, President and CEO of Airspan. “This transaction is expected to help fund our growth plans and accelerate our vision of providing our customers with leading edge 5G networks. We are at the precipice of a significant capital-intensive upgrade as 5G deployments drive the future growth of existing mobile carriers, new market entrants, and private and enterprise buildouts that we believe will transform numerous industries.”

“We are delighted to partner with Airspan, a first mover in this exciting and rapidly expanding new 5G market,” said Michael Liebowitz, CEO and Director of New Beginnings Acquisition Corp. “As 5G networks are rolled out, Airspan is leading the way with its breakthrough Open RAN technology with significant potential for growth serving incumbent and emerging carriers, and also addressing new “private 5G” segments including in building 5G, Distributed Antenna System (DAS) building replacements, connected and autonomous vehicles (CAVs), automated port operations, air-to-ground in-flight connectivity, Smart Industry 4.0 factories and optimized Smart Grid driven utilities. This transaction will bring the vision of Eric and the Airspan team to fruition.”


Wednesday, September 16, 2020

Snowflake soars in IPO -- cloud data warehousing

 Snowflake, a start-up based in San Mateo, California, completed an initial public offering (IPO) of 28,000,000 shares of Class A common stock at a price to the public of $120.00 per share. Trading (Nasdaq: SNOW) closed on Wednesday at $253.93 per share.

Snowflake is known for its cloud data platform. The company says its customers currently have more than 250PB of data managed by the Snowflake cloud data platform, with more than 515 million data workloads that run each day. The company has more than 2,000 employees in 19 countries.


JFrog soars in IPO -- Database of DevOps

 JFrog, which describes itself as "the “Database of DevOps” and de-facto standard in release and update management", raised $509 million in an initial public offering (IPO) of 11,568,218 ordinary shares at a price to the public of $44.00 per share. 

The shares (Nasdaq: FROG) began trading on Wednesday and closed at $64.79, up 47%.

JFrog products are available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. JFrog claims more than 5,800 customers.



JFrog has headquarters in both Netanya, Israel and Sunnyvale, California. 

https://jfrog.com/



Thursday, November 21, 2019

SiTime surges 43% in IPO

SiTime completed its initial public offering (IPO) and shares are now trading on the Nasdaq Stock Market under the symbol SITM.

On the first day of trading, SITM surged 43% over the opening price to close at $18.65.

“SiTime’s IPO on Nasdaq begins an exciting new chapter for us,” said Rajesh Vashist, CEO of SiTime. “SiTime is a timing pure-play leader that is using the power of silicon to transform the timing industry. Our sole focus on timing, along with our industry-leading MEMS, analog and systems technologies, enables significant growth opportunities for us in the $7.7B timing market. On behalf of SiTime, I want to thank our customers, employees, partners and suppliers who have played a key role in our success, and will continue to do so in the future.”

SiTime prepares for IPO -- MEMS timing solutions

SiTime, a supplier or MEMS timing, has launched a roadshow for the initial public offering of 4,300,000 shares of its common stock. The underwriters will also have a 30-day option to purchase up to 645,000 additional shares of common stock at the IPO price, less underwriting discounts and commissions.  The IPO price is currently expected to be between $13.00 and $15.00 per share. SiTime expects to list its common stock on The Nasdaq Global Market under the ticker symbol “SITM.”

SiTime Corporation is a wholly-owned subsidiary of MegaChips Corporation. The company has shipped over 1.5 billion devices to date.

http://www.sitime.com

Thursday, November 7, 2019

SiTime prepares for IPO -- MEMS timing solutions

SiTime, a supplier or MEMS timing, has launched a roadshow for the initial public offering of 4,300,000 shares of its common stock. The underwriters will also have a 30-day option to purchase up to 645,000 additional shares of common stock at the IPO price, less underwriting discounts and commissions.  The IPO price is currently expected to be between $13.00 and $15.00 per share. SiTime expects to list its common stock on The Nasdaq Global Market under the ticker symbol “SITM.”

SiTime Corporation is a wholly-owned subsidiary of MegaChips Corporation. The company has shipped over 1.5 billion devices to date.

http://www.sitime.com

Thursday, September 19, 2019

Datadog surges 39% in IPO

Shares in Datadog (Nasdaq: DDOG) surged 39% above the IPO price to close at $37.55 on the first day of trading.

DataDog is a monitoring service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform.

In its S-1 filing, the company disclosed revenue of $153.4 million for the first half of 2019.

DataDog was founded in 2010 and is based in New York.


Tuesday, June 25, 2019

Cambium prices IPO at $12 per share

Cambium Networks announced the pricing of its initial public offering of 5,800,000 ordinary shares at the initial public offering price of $12.00 per share. The shares are expected to begin trading on The Nasdaq Global Market under the symbol “CMBM” on June 26, 2019, and the offering is expected to close on June 28, 2019, subject to customary closing conditions. In addition, Cambium has granted the underwriters a 30-day option to purchase up to 870,000 additional ordinary shares at the initial public offering price less underwriting discounts and commissions.

Cambium, which is headquartered outside Chicago, provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises and government agencies.

Sunday, April 28, 2019

Slack reports 10 million daily active users, high level of engagement

In an S-1 filing with the U.S. Securities and Exchange Commission regarding an upcoming IPO, Slack Technologies reported that it now serves over 10 million users daily on a worldwide basis, of whom more than 50% are outside the U.S. The Slack messaging service is being used by over 600,000 organizations. It is delivering over 1 billion messages per week.

Some other details gleaned from Slack's S-1 prospectus:

  • More than 88,000 Paid Customers, including more than 65 companies in the Fortune 100 and a total of 575 paid customers paying over $100,000 annually
  • More than 500,000 organizations on the Free subscription plan
  • Slack's annual revenue was $105.2 million, $220.5 million, and $400.6 million in fiscal years 2017, 2018, and 2019, respectively, representing annual growth of 110% and 82%, respectively. The company incurred net losses of $146.9 million, $140.1 million, and $138.9 million in fiscal years 2017, 2018, and 2019, respectively. 
  • Users spend more than 50 million hours in active use of Slack in a typical week, on either a free or paid subscription plan.
  • Over 1,500 third-party apps are now listed in the Slack App Directory. 
  • Slack has more than 500,000 registered developers.
  • Slack operates on AWS infrastructure.
  • The company was founded as Tiny Spec Inc in 2009. The company changed its name to Slack publicly launched its service in 2014.
  • Slack had 1,502 employees as of January 31, 2019.


https://www.sec.gov/Archives/edgar/data/1764925/000162828019004786/slacks-1.htm


Monday, April 22, 2019

Fastly files for IPO -- edge cloud

Fastly, a start-up offering an edge cloud with global reach, filed an S-1 registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock.

Fastly intends to list its Class A common stock on The New York Stock Exchange under the ticker symbol “FSLY.”

Fastly operates a network of high-density servers with SSDs located at major peering points around the world. The servers operate as high-performance caches. Key server specs: 24 TB of SSDs, 768 GB of RAM, and 4x 25Gbps network interface cards. Fastly peers with other Internet Service Providers (ISPs) and Content Networks with IPv4 and IPv6 connectivity on Autonomous System (AS) 54113. As of February 2019, the company reported 37.5 Tbps of connected global capacity.

Investors in Fastly include Amplify Partners, August Capital, Battery Ventures, Deutsche Telekom Capital Partners (DTCP), Iconiq Capital, O’Reilly AlphaTech Ventures, Ridge Ventures (fka IDG Ventures USA), Sapphire Ventures, Sorenson Capital, Sozo Ventures and Swisscomm Ventures.

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.