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

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/

Monday, June 29, 2015

Sophos Completes IPO

Sophos completed its IPO last week on the London Stock Exchange raising nearly £80 million.

Sophos, which is headquartered in Oxford, UK, offers encryption, endpoint security, web, email, mobile and network security backed by SophosLabs - a global network of threat intelligence centers. The company has annual revenue of approximately US$447 million and about 200,000 customers.

http://www.sophos.com

Sunday, April 26, 2015

Apigee Completes IPO - NASDAQ: APIC

On Friday, Apigee, a start-up based in San Jose, California, completed its initial public offering (IPO) of 5,115,000 shares of its common stock at a price to the public of $17.00 per share. Apigee is now traded on the NASDAQ Global Select Market under the symbol "APIC."

The company's Apigee Edge API platform helps enterprises to build mobile and digital initiatives using APIs, apps and data. Apigee Insights delivers big data predictive analytics. Apigee says that when used together, its APIs and predictive analytics can create an adaptive cycle of continuous improvement – and the faster an enterprise goes through this cycle, the faster it can innovate, adapt and accelerate its digital business.

http://apigee.com/
  • In April 2014, Apigee announced $60 million in new venture financing for its API platform for enabling predictive analytics in digital interactions. Pine River Capital Management and Wellington Management Company participated as new investors in this round, along with current Apigee investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, funds managed by BlackRock, Focus Ventures, and Accenture. This brought Apigee's total funding to $171 as of April 2014. 

Monday, March 23, 2015

Apigee Files for IPO - APIs + Predictive Analytics

Apigee, a start-up based in San Jose, California, filed papers with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock.

 The company's Apigee Edge API platform helps enterprises to build mobile and digital initiatives using APIs, apps and data. Apigee Insights delivers big data predictive analytics. Apigee says that when used together, its APIs and predictive analytics can create an adaptive cycle of continuous improvement – and the faster an enterprise goes through this cycle, the faster it can innovate, adapt and accelerate its digital business. http://apigee.com/



  • In April 2014, Apigee announced $60 million in new venture financing for its API platform for enabling predictive analytics in digital interactions. Pine River Capital Management and Wellington Management Company participated as new investors in this round, along with current Apigee investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, funds managed by BlackRock, Focus Ventures, and Accenture. This brought Apigee's total funding to $171 as of April 2014. 

Wednesday, March 11, 2015

Blue Coat to be Acquired by Bain Capital from Thoma Bravo

Bain Capital, one of the world’s foremost private investment firms, will acquire Blue Coat Systems from Thoma Bravo for approximately $2.4 billion in cash.

Blue Coat, which is based in Sunnyvale, California, provides on-premise, hybrid and cloud-based solutions for protecting web connectivity, combating advanced threats and responding to security breaches.

Bain Capital indicated a possible return to the public market for Blue Coat.

“We are excited by the opportunity to work with Blue Coat's world-class management team to grow the business organically and through acquisitions, and to ultimately return the company to the public markets,” said David Humphrey, a managing director at Bain Capital. “We are very impressed with the profitable growth the company has demonstrated and believe strongly in the future growth of the cyber security market and Blue Coat’s position in this important sector.”

“Blue Coat has differentiated products for protecting enterprises from even the most sophisticated threats, and we are proud to be a foundational part of the security architecture for the world’s largest enterprises. The world’s most trusted brands use Blue Coat, and the acquisition by Bain Capital sets us on the trajectory to further grow our portfolio, better serve our customers and help us prepare to return to the public markets,” said Gregory S. Clark, chief executive officer, Blue Coat Systems, Inc. “Bain Capital has a long history of accelerating growth, and I look forward to partnering with them in our journey to be one of the top performing security companies in the world.”

https://www.bluecoat.com/company/press-releases/blue-coat-be-acquired-bain-capital


  • In early 2013, an investor group led by San Francisco-based private equity investment firm Thoma Bravo acquired Blue Coat Systems in a deal valued at $1.3 billion. 

Friday, January 23, 2015

Box Surges 66% in IPO

In their first day of trading, shares in Box (NYSE:BOX) surged 66% over the IPO price of $14.00 per share to close the day at $23.23.

Box offered 12,500,000 shares of its Class A common stock.   Box is based in Los Altos, California.

http://www.box.com

Friday, December 12, 2014

Hortonworks Soars in IPO

Shares in Hortonworks, which offers enterprise Apache Hadoop solutions, soared on Friday from an IPO price of $16.00 to close at $26.48 - up 65% for the first day.  The share are traded on the NASDAQ Global Select Market under the symbol “HDP.”

Hortonworks raised approximately $100 million through the IPO.  The company is based in Palo Alto, California.

http://hortonworks.com/


  • Hortonworks develops, distributes and supports a 100% open source Apache Hadoop data platform that deeply integrates with existing IT investments and upon which enterprises can build and deploy Hadoop-based applications. The company has deep relationships with the key strategic data center partners, including Microsoft, SAP, Teradata, HP and others.

Tuesday, November 11, 2014

Hortonworks Files for IPO

Hortonworks, a start-up based in Palo Alto, California, filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC will act as joint lead book-running managers for the offering, RBC Capital Markets, LLC will act as book-running manager, and Pacific Crest Securities LLC, Wells Fargo Securities, LLC and Blackstone Capital Markets will act as co-managers.

http://hortonworks.com/press-releases/hortonworks-files-registration-statement-sec-initial-public-offering/


  • Hortonworks develops, distributes and supports a 100% open source Apache Hadoop data platform that deeply integrates with existing IT investments and upon which enterprises can build and deploy Hadoop-based applications. The company has deep relationships with the key strategic data center partners, including Microsoft, SAP, Teradata, HP and others.
  • In July 2014, HP announced a $50 million equity investment in Hortonworks, a start-up based in Palo Alto, California, that offers enterprise Apache Hadoop solutions. The companies said the investment builds on the reseller agreement put in place last year. The companies also plan to integrate the Hortonworks Data Platform with key HP technologies including the marquee HP HAVEn offering.
  • In March 2014, Hortonworks announced an oversubscribed $100 million funding round to support it enterprise Apache Hadoop solutions. The new funding round was led by funds managed by BlackRock and Passport Capital, joined by all existing investors.

Sunday, October 19, 2014

Zayo Rises 16% in IPO

Zayo completed its initial public offering of 21,052,631 shares of its common stock at a price to the public of $19.00 per share.  The company offered 16,008,679 shares of common stock and selling stockholders offered 5,043,952 shares of common stock. The stock closed on Friday at $22, up 16% from opening price.  

The shares are trading on the New York Stock Exchange under the ticker symbol ZAYO.”  


  • In August, Zayo introduced its Connect to the Cloud platform for helping enterprise customers adopt a hybrid cloud strategy. Zayo's Connect to the Cloud platform will provide a direct connect options to multiple cloud providers and over 500 data centers worldwide. The expanded program offers a direct connect option to many leading cloud providers, including Amazon Web Services (AWS) and Softlayer.

  • In 2011, Zayo became one of the first providers to offer direct bandwidth up to 10G through the AWS Direct Connect portal and in 2013, announced it had become an Amazon Partner Network (APN) Technology Partner. As an APN, Zayo provides private networks with circuits to enable connectivity to each AWS Direct Connect location.

Thursday, July 3, 2014

Zayo Files for IPO

Zayo Group Holdings filed an S-1 statement with the Securities and Exchange Commission (SEC) relating to a proposed public offering of its common stock.

Zayo operates a fiber network spanning 77,000 route miles across the U.S. and Europe, as well as 28 data centers in markets across the U.S.

The company was founded in 2007 and has completed a number of acquisitions since then. The company has about 1,400 employees.

http://www.zayo.com

From Edgar: http://www.sec.gov/Archives/edgar/data/1608249/000119312514259283/d715611ds1.htm


From its founding in 2007 through June 30, 2014, Zayo completed acquisitions with an aggregate of $3.7 billion. These include:


Acquisition
Date
Memphis Networx
July 31, 2007
PPL Telecom
August 24, 2007
Indiana Fiber Works
September 28, 2007
Onvoy
November 7, 2007
Voicepipe
November 7, 2007
Citynet Fiber Networks
February 15, 2008
Northwest Telephone
May 30, 2008
CenturyTel Tri-State
July 22, 2008
Columbia Fiber Solutions
September 30, 2008
CityNet Holdings Assets
September 30, 2008
Adesta Assets
September 30, 2008
Northwest Telephone California
May 26, 2009
FiberNet
September 9, 2009
AGL Networks
July 1, 2010
Dolphini Assets
September 20, 2010
American Fiber Systems
October 1, 2010
360networks
December 1, 2011
MarquisNet
December 31, 2011
Arialink
May 1, 2012
AboveNet
July 2, 2012
FiberGate
August 31, 2012
USCarrier
October 1, 2012
FTS
December 14, 2012
Litecast
December 31, 2012
Core NAP
May 31, 2013
Corelink
August 1, 2013
Access
October 1, 2013
FiberLink
October 2, 2013
CoreXchange
March 4, 2014
Geo
May 16, 2014

Friday, June 6, 2014

Arista Rockets in IPO -- NYSE: ANET

Shares in Arista Networks rocketed upwards on their first day of trading on the New York Stock Exchange under the symbol "ANET".

Arista's IPO consisted of 5,250,000 shares of its common stock at a price to the public of $43.00 per share, raising $225.8 million for the firm. The stock closed on Friday at $55, up nearly 28% for the day.  This gives Arista a market cap of $3.56 billion.

Arista supplies 1/10/40 and 100GbE switching systems for next generation enterprise and cloud data centers. The company combines a merchant silicon approach with a highly programmable Extensible Operating System (EOS) in a leaf/spine data center architecture to enable scalability to hundreds of thousands of nodes.

The company is based in Santa Clara, California.
http://www.aristanetworks.com

In March, Arista Networks announced two new 100GbE modules for its 7500 Series switches:

  • 7500E Series 6 port 100GbE card with support for CFP2 optics up to 40km over single mode fiber is orderable in Q2 2014 with pricing starting at $6600 per 100GbE port. 
  • 7500E Series 12 port 100GbE card is planned for availability in 2H 2014 along with a full range of QSFP-100 optics and cables.
Arista said that with 100GbE in the spine layer, customers can now achieve network virtualization using VXLAN support in the modular platforms to deploy their cloud multi-tenant networks at large scale with high bandwidth. Additionally, those deploying the Arista DANZ features within Arista EOS can now get intelligent traffic visibility on 100GbE networks by leveraging Tap Aggregation on Arista 7500E modular platforms. Arista’s Data Analysis DANZ solution is now expanded to modular chassis platforms and enables customers to connect to 100GbE spline or spine networks and to deliver tap aggregated 10GbE connections into a single 100GbE uplink to network monitoring, management and analytic tools.

“We selected the Arista 7500E platform for our data center to provide customers with true 100 Gigabit Ethernet services,” said Ihab Tarazi, Chief Technology Officer at Equinix. “Because of the open architecture and cloud interconnect protocols, including VXLAN, the programmability of Arista EOS and multi-speed mode, we are able to allocate data center resources at 10/40 or 100 gigabits in a reliable and cost-effective manner.”

Arista also noted that its 7300X Series with 10GBASE-T modules are gaining adoption among customers deploying cost-effective single tier and two tier networks.

Monday, March 31, 2014

Arista Networks' S-1 SEC Filing - Big Sales to Microsoft

Arista Networks filed an S-1 registration statement with the Securities and Exchange Commission for an initial public offering of its shares.  The company intends to list under the symbol "ANET".

Earlier this month Arista Networks announced two new 100GbE modules for its 7500 Series switches:

  • 7500E Series 6 port 100GbE card with support for CFP2 optics up to 40km over single mode fiber is orderable in Q2 2014 with pricing starting at $6600 per 100GbE port
  • 7500E Series 12 port 100GbE card is planned for availability in 2H 2014 along with a full range of QSFP-100 optics and cables.
In November, Arista introduced its "Single Tier Spline" architecture for simplifying data centers by simplifying cabling, consolidating servers, migrating between virtual to physical networks and controling IP storage. The idea is to collapse the leaf and spine together into a single-tier network for performance and latency sensitive cloud applications. Arista said its design can bring true deterministic performance for up to 2000 hosts in one cluster while lowering operating and capital asset costs by 40%.

Arista Networks' S-1 statement can be found on the SEC website here:

http://www.sec.gov/Archives/edgar/data/1596532/000095012314000891/filename1.htm

A few items revealed in the S-1 filing:

Arista reported an 81% annual growth rate for the first nine months of 2013
2010 revenue was $71.7 million
2011 revenue was $139.8 million
2012 revenue was $193.4 million
2013 revenue (first 9 months) was $246.5 million

The annual growth rate from 2010 to 2012 was 64%.

2010 net income (first nine months) was $2.4 million
2011 net income (first nine months) was $34.0 million
2012 net income (first nine months) was $20.3 million
2013 net income (first nine months) was $27.5 million

During 2011 and 2012 and for the nine months ended September 30, 2013, sales to Arista's 10 largest end customers accounted for approximately 41%, 43% and 48% of our revenue, respectively.

Sales to Microsoft accounted for 10% of 2011 revenue, 15% of 2012 revenue, and 24% of revenue for the nine months ended September 30, 2013.

Arista also disclosed an intellectual property dispute with a company (Optumsoft) controlled by an Arista co-founder, David Cheriton.

Friday, March 28, 2014

Aerohive Completes IPO

Aerohive Networks completed an initial public offering  and its shares began trading on the New York Stock Exchange (NYSE) under the ticker symbol "HIVE".

Aerohive specializes in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market.  The company claims deployments in over 13,000 enterprises worldwide.

Aerohive was founded in 2006 and is headquartered in Sunnyvale, California.

http://www.aerohive.com

Monday, March 24, 2014

Box.net Files for IPO

Box filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.

http://www.box.net


  • Box, which was founded in 2005, has evolved from being a cloud storage provider to an "enterprise platform" in which its API provides app developers with easy access to its infrastructure. Box claims more than 20 million users worldwide at more than 180,000 businesses.
  • Box is based in Los Altos, California.
  • In December, Box announced $100 million in new venture funding and strategic partnerships with with Itochu Technology Ventures, Macnica, Mitsui USA, MKI, Telef√≥nica Digital and Telstra.  Coatue, DST Global, and existing Box investors also participated.


Friday, March 21, 2014

A10 Networks Begins Trading on NYSE under "ATEN"

Shares in A10 Networks, which specializes in application acceleration and network security solutions, began trading for the first time on Friday on the NYSE under the ticker symbol "ATEN."

On Thursday, A10 announced the pricing of 12,500,000 shares at $15 per share  ($187.5 million)

A10's solutions are built around its Advanced Core Operating System (ACOS), which serves as the high-performance, application-aware networking platform for all of its Application Services Gateway (ASG) products. In 2013, the company launched its A10 Thunder Series product family, which includes an Application Delivery Controller for data centers, a Carrier-Grade NAT for large-scal address and protocol translations in service provider networks, and a Threat Protection System that provides detection and mitigation against DDoS attacks.

A10 Networks was founded in 2004 and is based in San Jose, California.

http://www.a10networks.com/

See also