Technology

The Eventbrite IPO

If you attend conferences, go to meetups or see local talent at smaller venues you have probably used Eventbrite (NYSE – $EB). Their IPO is scheduled for tonight (Wednesday) by Goldman, JPM, Allen and a few others. The proposed price range was just bumped up to $21 to $23/share. EB makes their money with ticket…

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Sonos Powers into Digital Audio

Sonos ($SONO) is ready for their IPO closeup. This week they plan to come to market on Wednesday night and the deal is already well oversubscribed. The current range is $17-19 on 14m shares. Less than half the shares are being sold by the company, most are from selling shareholders. Here are links to the…

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What is this Opera about?

After two decades Opera Software (NASDAQ OPRA $10-12) has launched an IPO in the US. The deal is expected to price today, July 26th for trading tomorrow. Growth is being driven by the new Opera News product which fills a gap for users wanting a personalized experience – especially outside of developed countries and with…

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Domo Shoots for the Moon

Domo ($DOMO) has attracted a fair bit of negative press as their IPO comes to market. Charismatic CEOs tend to be lightning rods for press attention. This deal reminds me a little of Switch (SWCH) or Snap (SNAP). Some of the negative press is around “related transactions” which includes some services from “friends and family”…

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The Astonishing Avalara

After filing for an IPO with a $19 to $21 range, Avalara ($AVLR) increased the range to $21 to $23 and then priced above-the-range last night at $24. It’s not surprising because the story behind this enterprise cloud software company is a great one. It’s “astonishing” because it comes in an area that’s typically a…

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Can Carbon Black Compete?

The information security market keeps growing as customers struggle to adapt to new threats and risks while maintaining a mass of existing technologies, solutions and practices. Companies have done fairly well protecting their networks but their ability to control the devices attaching to the network is limited. These “endpoints” must be made secure in order…

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IPO Bake Off – DocuSign versus Smartsheet

We have two business SaaS players coming public tonight. While their businesses are very different we thought it would be fun to compare them using our typical framework for evaluating new companies. If you don’t already know them DocuSign (DOCU) is an online system to allow documents to be signed by multiple parties to speed…

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Pivotal Software – A pretty platform for big, ugly applications.

Pivotal Software ($PVTL) went public on Friday at $15/share. The offering didn’t get a resounding vote from the markets. Unlike other recent enterprise software deals, this one ended quietly at $15.75. We think PVTL is likely to do well from these levels. Partly because investors focused on “slowing growth” in revenues. That misses the most…

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Zuora Strives for Sex in Billing Software

Enterprise subscription management software is pretty boring. But the world is shifting from purchase to subscription. Every company now wants “continuous customer relationships” and consumers love subscriptions. In many ways, the subscription economy isn’t new. Even cars were often leased versus bought but they were still treated as an asset. Companies like Zipcar took it…

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The Spotify

The Spotify Deal Call it what you will (IPO, DPO, simple listing) but Spotify (NYSE: SPOT) will begin trading in the public markets on April 3rd. The shares have a trading and price history that the company includes in their prospectus – they place a high emphasis on “transparency” in their corporate culture. Spotify is…

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