Category: IPO

Business software maker Infor to be acquired by Koch Industries at a reported $13B valuation

Business software maker Infor to be acquired by Koch Industries at a reported $13B valuation

Business software maker Infor to be acquired by Koch Industries at a reported $13B valuation 1
Infor Inc., a major provider of enterprise resource management software that was weighing to go public, has been acquired by Koch Industries Inc. in a blockbuster deal announced today. The companies didn’t disclose the financial details, but sources told Bloomberg and TechCrunch that the transaction values Infor at nearly $13 billion. Wichita, Kansas-based Koch Industries is an […]

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Snowflake is now valued at $12.4B after landing $479M funding round

Snowflake is now valued at $12.4B after landing $479M funding round

Snowflake is now valued at $12.4B after landing $479M funding round 2
Cloud data warehouse company Snowflake Computing Inc. is now said to be a whopping $12.4 billion following a $479 million late-stage funding round led by Dragoneer Investment Group and Salesforce.com Inc.’s venture capital arm. In addition to the Series G funding round, announced Friday, Snowflake said it’s entering into a new partnership with Salesforce, with […]

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Business software maker Infor to be acquired by Koch Industries at a reported $11B valuation

Business software maker Infor to be acquired by Koch Industries at a reported $11B valuation

Business software maker Infor to be acquired by Koch Industries at a reported $11B valuation 3
Infor Inc., a major provider of enterprise resource management software that was weighing to go public, has been acquired by Koch Industries Inc. in a blockbuster deal announced today. The companies didn’t disclose the financial details, but a source told Bloomberg that the transaction values Infor at $11 billion. TechCrunch separately cited sources who pegged […]

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Project management startup Asana files to go public via direct listing

Project management startup Asana files to go public via direct listing

Project management startup Asana files to go public via direct listing 4
Project management startup Asana Inc. is finally set to go public. The company late today filed its S-1 paperwork confidentially with the U.S. Securities and Exchange Commission, But in a sign of the times, it’s taking the direct listing route rather than a traditional initial public offering. A direct listing is a way for companies to become […]

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GitLab announces key executive hires ahead of public debut later this year

GitLab announces key executive hires ahead of public debut later this year

GitLab announces key executive hires ahead of public debut later this year 5
DevOps company GitLab Inc. today announced a couple of key executive hires as it prepares the ground for a planned initial public offering later this year. The appointments were announced this morning at the company’s annual GitLab Commit user conference in San Francisco, where the company also revealed it has hit $100 million in annual […]

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VCs bet $30B on enterprise startups in 2019, surpassing consumer tech funding

VCs bet $30B on enterprise startups in 2019, surpassing consumer tech funding

VCs bet $30B on enterprise startups in 2019, surpassing consumer tech funding 6
For the first time since at least 2015, venture capitalists wrote more checks to enterprise technology companies than their peers in the consumer market. That’s the main takeaway from year-end funding numbers PitchBook Data Inc. provided to Bloomberg for a report published this week. According to the market intelligence provider, enterprise startups raised a combined […]

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On heels of $150M IPO, Sprout Social drops 3% in first day of trading

On heels of $150M IPO, Sprout Social drops 3% in first day of trading

On heels of $150M IPO, Sprout Social drops 3% in first day of trading 7
Social media technology provider Sprout Social Inc. saw its shares slide more than 3% on the Nasdaq today after closing a $150 million initial public offering last night, signaling that the IPO market will likely continue to remain complicated for tech firms in 2020. The company sold 8.8 million shares at $17 apiece on Thursday, hitting the […]

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Shares in cloud business payments firm Bill.com surge 61% on NYSE debut

Shares in cloud business payments firm Bill.com surge 61% on NYSE debut

Shares in cloud business payments firm Bill.com surge 61% on NYSE debut 8
Shares in cloud business payments firm Bill.com Holding Inc. surged on their debut at the New York Stock Exchange today, closing their first day of trading up more than 61%. The company, a 13-year-old Palo Alto, California-based financial technology provider, priced its initial public offering shares at $22 each. With 9.82 million shares on offer, the company raised […]

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Alibaba raises $11.2B from investors in year’s biggest stock sale

Alibaba raises $11.2B from investors in year’s biggest stock sale

Alibaba raises $11.2B from investors in year’s biggest stock sale 9
Chinese e-commerce giant Alibaba Group Holding Ltd. raised $11.2 billion on the Hong Kong stock exchange today in the year’s biggest listing.  The company structured the stock sale as a secondary offering, since it already trades on the New York Stock Exchange. The company’s NYSE debut back in 2014 set a record as well at the time. Alibaba priced […]

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John Chambers loves his new company and IPOs; he’s less thrilled about U.S. education system

John Chambers loves his new company and IPOs; he’s less thrilled about U.S. education system

John Chambers loves his new company and IPOs; he’s less thrilled about U.S. education system 10
As the chairman of a startup company that just launched out of stealth, John Chambers (pictured), former chief executive officer of Cisco Systems Inc. and CEO of J2 Ventures, is delighted about the prospects for his fledgling business and passionate about the need for educational change in his own country. Led by a number of […]

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