Tag: EC Cloud and Enterprise Infrastructure
As Monday.com targets $6B+ IPO valuation, Zoom and Salesforce commit $150M
Team management software company Monday.com dropped a new IPO filing today. The latest document — an F-1/A, because the company is based in Israel — provides what could be Monday.com’s final pre-IPO pricing notes and details planned investments from both Zoom and Salesforce after its public offering closes. The Exchange…
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New Relic’s business remodel will leave new CEO with work to do
For Bill Staples, the freshly appointed CEO at New Relic, who takes over on July 1, yesterday was a good day. After more than 20 years in the industry, he was given his own company to run. It’s quite an accomplishment, but now the hard work begins. On the positive…
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As UiPath closes above its final private valuation, CFO Ashim Gupta discusses his company’s path to market
After an upward revision, UiPath priced its IPO last night at $56 per share, a few dollars above its raised target range. The above-range price meant that the unicorn put more capital into its books through its public offering. For a company in a market as competitive as robotic process…
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UiPath raises IPO range, still targets lower valuation than final private round
Robotic process automation unicorn UiPath is set to go public this week, concentrating our focus on its value. The well-known company was last valued on the private markets at $35 billion in February when it closed a $750 million round. Living up to that price as a public company, however,…
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Once VMware is free from Dell, who might fancy buying it?
TechCrunch has spilled much digital ink tracking the fate of VMware since it was brought to Dell’s orbit thanks to the latter company’s epic purchase of EMC in 2016 for $58 billion. That transaction saddled the well-known Texas tech company with heavy debts. Because the deal left VMware a public…
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Should Dell have pursued a more aggressive debt-reduction move with VMware?
When Dell announced it was spinning out VMware yesterday, the move itself wasn’t surprising: there had been public speculation for some time. But Dell could have gone a number of ways in this deal, despite its choice to spin VMware out as a separate company with a constituent dividend instead…
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