Category Archives: IPOs

Snap hit another major low and is rapidly tumbling toward its IPO price

 We aren’t fully sounding the :siren: bells just yet, but Snap today took yet another dive as it tapped as low as $17.11 this morning — and is now hovering just above the price that it set for its initial public offering. Snap’s last earnings report resulted in a disaster, and while the company still managed to stay above $20 for an extended period of time, a string of bad… Read More

There’s another small tech IPO and we’re really just waiting for Blue Apron

 We have another filing for a tech IPO today, this one from a company called CompuLab coming in amid a continued flurry of IPOs.  But, really, the story here is just that — it’s just another small tech IPO amid a flurry of filings. Snap started off the year with a bang, rattling off a highly successful IPO (though its continued performance is not so great) and opening up… Read More

Where are the rest of the tech IPOs?

 When Snap went public in early March, it opened up the floodgates after what had been a stagnant period for tech IPOs. The warm investor reception for the Snapchat parent helped pave the way for MuleSoft, Alteryx, Elevate, Okta, Netshoes, Yext, Cloudera and Carvana, which all debuted in March or April. But then in May we only had Appian. And June isn’t expected to be a strong month… Read More

2017 tech IPOs are on a tear compared to last year

 By this time last year, one tech company had gone public. Already this year, nine tech companies have gone public on U.S. exchanges. Needless to say, public exits are looking up. That comparison becomes starker when you compare SecureWorks, 2016’s first IPO, to Snap, which went public in 2017. SecureWorks priced under range, and it has since fallen nearly 38 percent from its IPO price. Read More

Yext shares pop more than 20% in public debut

Yext Graphic B It looks like we can add another one to the string of IPOs that at least look like they’ve been successful — with Yext, too, popping more than 20% once its shares made their debut this morning. Shares of Yext went as high as $14 or so after the company gave its final pricing at $11 last night — meaning it raised at least $115.5 million in its IPO. Following Okta, and before… Read More

The case for tenured voting

 It’s hard to get too worked up about unequal voting rights, which are seen by public market investors as giving founders too much control, while viewed by founders as necessary to protect their companies from short-term shareholders. The reality is that only a minority of companies can command these terms, most famously Google, Facebook, Zynga, Groupon and now Snap. The majority of… Read More

Time to stop acting like lemmings

lemmings In a world defined by trends, we’ve been beset by a highly worrying one: There is an undeniable lack of IPOs. In 2015, 164 companies entered the public markets, which is just over half the 2014 number, when 261 took the plunge. In 2016 there were only 107. This is a big deal. Why? Because the public market is the single-most objective judge of company formation and success. Read More