IPOs

Richard Waters Morgan Stanley seeks vindication with Workday

October 2, 2012 1:15 am by Richard Waters

The hotly anticipated IPO of Workday could help to advance Morgan Stanley’s rehabilitation in the wake of the Facebook fiasco. But given the way other recent tech deals led by the bank have been structured, it is still too soon to pass a verdict on its performance – or to tell how much long-term damage the debacle surrounding the Facebook offering will do to its business in Silicon Valley. Read more

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Posted in Software, Tech, Tech Finance |

Richard Waters Why Wall Street will have to wait for Facebook

September 14, 2011 10:13 pm by Richard Waters

Plenty of fast-growing private companies insist that they are keeping their heads down, refusing to be distracted by large dollar signs and resisting the urge to rush forward with an IPO. Facebook actually means it. Read more

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Posted in Internet, Tech |

Twitter acquires product sharing site

August 9, 2011 9:30 am by Maryam Nabi

Tech news from around the web:

Twitter has acquired Bagcheck, a service that allows users to create, discover and share lists, for an undisclosed price, The Next Web reports. Co-founder Sam Pullara will be joining the Twitter engineering team as part of the acquisition.

Less than a month since launching in the US, Spotify has 1.4 million registered users in the US says a source familiar with the company’s operations, AllThingsD reports.  Read more

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Posted in Digital media, Internet, Social, Tech |

Joseph Menn Zynga’s Las Vegas issue

July 2, 2011 12:29 am by Joseph Menn

As an unusual sort of company, Zynga comes with an unusual set of warning labels, including its dependence “on a small percentage of our players for nearly all of our revenue”, as the prospectus filed on Friday puts it. That raises an interesting and still unanswered set of questions. Read more

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Posted in Games, Internet, Security, Tech |

Richard Waters Will cleantech finally catch the IPO wave?

May 27, 2011 4:01 pm by Richard Waters

With all the brouhaha around social media, it’s easy to forget a sector that was meant to have had a few hot IPOs of its own by now. A company that is trying to make money by selling green slime hopes to change that. Read more

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Posted in Cleantech, Tech, Tech Finance |

Richard Waters Why it’s too soon to claim victory for the secondary markets

May 19, 2011 11:01 pm by Richard Waters

There has been no shortage of players from the private secondary markets basking in the reflected glory from the LinkedIn IPO. But by itself, one successful deal does not prove the markets are working effectively, and there are still plenty of reasons to be cautious. Read more

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Posted in Tech, Tech Finance |

Richard Waters With LinkedIn, the gates to Wall Street are now officially open

May 19, 2011 12:06 am by Richard Waters

There’s no doubt about it: Wall Street is ready to pay up for growth. Even when compared to the heady price Microsoft has just agreed to pay for Skype, the LinkedIn deal looks rich. But this kind of growth is a rare commodity in the public market these days. Read more

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Posted in Tech, Tech Finance |

Richard Waters Tech finance by the numbers: a grim first half

July 1, 2009 11:21 pm by Richard Waters

Now that the first half of the year is over, it’s a good time for taking stock. These numbers pretty much tell the story of the tech financing markets:

Down 57 per cent.  The value of tech IPOs and M&A in the US in the first half of 2009, compared with the same period last year (figures from Dow Jones Venture Source.) At only $2.8bn, this is back at 2003 levels. The NVCA reckons that the amount that all venture-backed companies raised from “liquidity events” fell by 53 per cent, to just under $4bn. Read more

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Posted in Tech Finance |

Richard Waters Tech IPOs are back – sort of

May 20, 2009 8:50 pm by Richard Waters

OK, so it’s not much to write home about. But with SolarWinds opening moderately well today and OpenTable set to price imminently, there are at least some signs that things are improving. Changyou, Rosetta Stone and Digital Globe all closed up on their first trading days recently, which is the sort of performance that brings IPO investors out of hiding.

So who will be next? Read more

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Posted in Tech Finance |

Joseph Menn Fewest venture firms in more than 5 years raise money

April 14, 2009 1:38 am by Joseph Menn

Only 40 venture capital funds managed to raise money in the first quarter, the sparsest showing since the third quarter of 2003, according to data released today by the National Venture Capital Assn. Of those, just 3 were funds at new firms.

The total amount of dollars dropped as well, to $4.32 bn from $7.12 bn a year earlier, although that’s still better than the fourth quarter of 2008, when investors pledged a mere $3.52 bn. Read more

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Posted in Tech Finance |