Category: EC News Analysis
Inside GitLab’s IPO filing
While the technology and business world worked towards the weekend, developer operations (DevOps) firm GitLab filed to go public. Before we get into our time off, we need to pause, digest the company’s S-1 filing, and come to some early conclusions. GitLab competes with GitHub, which Microsoft purchased for $7.5…
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ServiceMax promises accelerating growth as key to $1.4B SPAC deal
ServiceMax, a company that builds software for the field-service industry, announced yesterday that it will go public via a special purpose acquisition company, or SPAC, in a deal valued at $1.4 billion. The transaction comes after ServiceMax was sold to GE for $915 million in 2016, before being spun out…
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Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company’s business. This morning, we’re extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation. Recall that Didi has raised tens of billions worth of…
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Xometry is taking its excess manufacturing capacity business public
Xometry, a Maryland-based service that connects companies with manufacturers with excess production capacity around the world, filed an S-1 form with the U.S. Securities and Exchange Commission announcing its intent to become a public company. Growth aside, it’s clear that Xometry is no modern software business, at least from a…
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Twitter’s acquisition strategy: eat the public conversation
Evan J. Zimmerman Contributor Evan J. Zimmerman is the founder and CEO of Drift, a genomics software company, and chairman of Jovono, a venture capital firm. More posts by this contributor CFIUS Cometh: What this obscure agency does and why it matters to your fund or startup The last few…
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Investors help Procore build a decacorn valuation in public debut
Watching construction tech software company Procore go public today after pricing above its range makes the IPO slowdown look like the deceleration that wasn’t. Investors quickly bid up the company’s value in trading, giving Procore a higher valuation than it might have anticipated, along with a boost of confidence for…
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