IPO

Redfin expected to go public next week in 1st Seattle-area tech IPO of 2017

by Nat Levy on July 21, 2017July 21, 2017 at 3:58 pmComment

Redfin is expected to go public Friday, July 28, according to Nasdaq. The Seattle-based company, which describes itself as a “technology-powered residential real estate brokerage,” said in an SEC filing earlier… Read More

Enterprise tech company Apptio beats expectations, cuts losses in quest for profitability

by Nat Levy on May 4, 2017May 4, 2017 at 2:22 pmComment

Make it three-for-three for Apptio, as it has beaten Wall Street expectations for the third quarter in a row after going public last year. For the first quarter of 2017,… Read More

EY report: Global IPO markets reach 10-year high for Q1; U.S. activity up 200% from 2016

by Taylor Soper on April 4, 2017July 2, 2017 at 10:48 pmComment

So far, so good for IPO activity in the U.S. and around the world. Global professional services firm EY published its Global IPO Trends report for Q1 2017 today, and… Read More

Comcast’s NBCUniversal makes $500M bet on Snap IPO as it continues digital push

by Nat Levy on March 3, 2017March 3, 2017 at 9:48 am1 Comment

Comcast-owned NBCUniversal is one of the biggest believers in Snapchat parent company Snap Inc., investing $500 million in the social media company’s IPO, according to a report from CNBC. Snap… Read More

Snap shares pop on Wall Street, open at $24 per share in biggest tech IPO since Alibaba

by Jillian Stampher on March 2, 2017March 2, 2017 at 4:46 pmComment

Update: Snap closed its first day of trading at $24.48 per share, up 44 percent from its initial offering price of $17. Original story: Snap Inc. shares started trading at $24… Read More

Report: Snap Inc. chooses NYSE to host IPO ahead of public filing expected later this week

by Jillian Stampher on January 30, 2017January 30, 2017 at 10:47 am 3 Comments

Snapchat’s parent Snap Inc. has reportedly chosen the New York Stock Exchange (NYSE) for its initial public offering, which it’s expected to publicly file for later this week. CNBC… Read More

These 3 Seattle-area companies ended the IPO drought in 2016, and companies to watch for 2017

by Taylor Soper on December 27, 2016December 27, 2016 at 9:35 amComment

There weren’t many Seattle-area technology companies that completed IPOs in 2016, but it was enough to beat last year’s unprecedented drought. PhaseRx, Impinj, and Apptio went public this year. That’s up… Read More

Here are the top 5 companies most likely to have an IPO in 2017

by Taylor Soper on December 20, 2016December 21, 2016 at 8:55 amComment

There will be more tech companies going public in 2017 than this year. That’s the takeaway from CB Insights’ fifth annual Tech IPO Pipeline Report, which looks at the top 369… Read More

Impinj shares rise 25% as RFID maker raises $39M in follow-on public offering

by Nat Levy on December 7, 2016December 7, 2016 at 2:16 pmComment

Radio Frequency Identification technology maker Impinj said it has closed a “follow-on” public offering that netted the company $38.7 million. That is in addition to its initial public offering earlier… Read More

Report: Snapchat parent Snap Inc. quietly files for IPO

by Monica Nickelsburg on November 15, 2016November 15, 2016 at 2:24 pm 4 Comments

Snap Inc., the company that operates blockbuster messaging app Snapchat, is in the process of filing for an initial public offering, according to The Wall Street Journal. WSJ initially reported Snap’s… Read More

Apptio beats Wall Street expectations in 1st quarter as public company, posts $4.5M operating loss

by Nat Levy on November 2, 2016November 2, 2016 at 2:54 pm 5 Comments

In its first earnings report since going public in September, Apptio reported an operating loss of $4.5 million, excluding certain expenses, but the Bellevue, Wash.-based company still exceeded Wall Street… Read More

Expedia-owned Trivago could go public by Thanksgiving, report says

by Nat Levy on October 21, 2016October 21, 2016 at 8:58 am1 Comment

Expedia-owned hotel search company Trivago may go public by the end of November, according to a report from Business Insider. Expedia has hired JPMorgan, Goldman Sachs, and Morgan Stanley to… Read More

Q&A: Apptio’s CFO talks going public, becoming profitable, committing to Pacific Northwest

by Nat Levy on September 23, 2016September 23, 2016 at 12:42 pm 4 Comments

It’s been a good day over at Apptio. The company went public today and rang the opening bell at the Nasdaq Stock Market. Investors picked up what Apptio put down,… Read More

Apptio stock soars 46 percent as enterprise tech company debuts on Wall Street

by Nat Levy on September 23, 2016September 23, 2016 at 3:44 pm 4 Comments

Wall Street likes what it sees in Apptio. After setting a price of $16 per share for its initial public offering, the Bellevue-based company that makes software to help CIOs better understand spending… Read More

Apptio prices IPO at $16 per share, raising $96 million as Wall Street welcomes enterprise tech company

by Nat Levy on September 22, 2016September 22, 2016 at 7:12 pm 2 Comments

Bellevue-based Apptio has set the stock price for its initial public offering at $16 per share, above the expected range of $13 to $15 per share. In a press release, Apptio… Read More

Avalara raises $50M for growth, $46M to buy out early investors, eyes more deals and hints at IPO

by Nat Levy on September 22, 2016September 22, 2016 at 5:43 amComment

Sales tax automation company Avalara announced Thursday it has landed $96 million in funding from Warburg Pincus, Sageview Capital, Technology Crossover Ventures and others. The funds include $50 million for acquisitions and growth, and… Read More

Thanks, Amazon: Seattle’s tech office market second-hottest in the U.S., study says

by Nat Levy on September 12, 2016September 12, 2016 at 11:10 amComment

The Seattle area is the hottest tech office market in the U.S. outside of Silicon Valley, according to a new report ranking the nation’s top tech towns. Tech companies leased 2.5 million square… Read More

Impinj beats Wall Street expectations in first post-IPO earnings report, posts $26M in revenue

by Nat Levy on August 31, 2016August 31, 2016 at 1:49 pmComment

Seattle-based RFID technology company Impinj made a strong earnings debut as a publicly traded company, beating Wall Street expectations for the second quarter. Impinj posted non-GAAP profit of $900,000 or 6… Read More

Impinj stock has spiked 66% since IPO; here’s what Wall Street expects from its earnings debut today

by Nat Levy on August 31, 2016August 31, 2016 at 8:37 amComment

Impinj, a Seattle-based maker of Radio Frequency Identification technology, will announce Wednesday its quarterly earnings for the first time since becoming a publicly-traded company last month. Analysts surveyed in advance… Read More

RFID technology company Impinj boosts IPO target to $74M

by Nat Levy on July 11, 2016July 11, 2016 at 8:32 amComment

Seattle-based RFID technology company Impinj has increased the amount it seeks to raise in an initial public offering from $60 million to $74 million, according to a filing with the Securities and… Read More

RFID technology company Impinj files for $60M initial public offering

by Todd Bishop on June 2, 2016June 2, 2016 at 8:06 pmComment

Impinj, the Seattle-based RFID technology company, plans to raise up to $60 million in an initial public offering, according to a filing with the Securities and Exchange Commission. In financial statements filed… Read More

VC Bill Gurley warns unicorns of ‘dirty’ fundraising terms; Rich Barton hopes for more IPOs

by Taylor Soper on April 21, 2016April 21, 2016 at 11:03 am 3 Comments

Top Silicon Valley venture capitalist Bill Gurley published a massive 5,700-word post Wednesday evening that’s the talk of the tech circles today. You can read the entire piece here, but… Read More

Editas Medicine raises $94M in first gene-editing IPO, and then stock price rises

by Alan Boyle on February 3, 2016February 3, 2016 at 12:10 pmComment

Editas Medicine’s entry into the stock market with a $94.4 million initial public offering appears to be sparking positive signals for the company as well as the nascent gene-editing industry.… Read More

Slack CEO on going public: The window for easy money in private markets will close slowly

by Kevin Lisota on January 15, 2016January 15, 2016 at 10:14 amComment

When will Slack, the fast-growing enterprise chat app, go public? Will the environment of easy VC money in the private markets dry up? Slack CEO and Co-founder Stewart Butterfield addressed… Read More

Square lost more than $70M on deal to process Starbucks transactions, filing reveals

by Jacob Demmitt on October 14, 2015October 14, 2015 at 4:51 pm 3 Comments

The world got a glimpse inside payments processing startup Square’s financials on Wednesday, as the company filed for its much anticipated IPO. While things are looking up for the company that… Read More

Research: Tech IPOs hit lowest point since 2008 as Seattle region keeps waiting for first of 2015

by Jacob Demmitt on September 11, 2015September 11, 2015 at 2:42 pmComment

Here’s a silver lining for all those Seattle-area investors still waiting for the region’s first tech IPO of the year to pump some liquidity back into the market: at least… Read More

Is PayPal’s strong public market reception fueling interest in Stripe and Square?

by Tricia Duryee on July 28, 2015July 28, 2015 at 9:33 amComment

On its first day of trading as a publicly held company, PayPal’s value soared to $50 billion following its spin-out from eBay. That interest now appears to be fueling a secondary… Read More

IoT data startup Buddy set for IPO after reverse takeover deal with Australian mining company

by Taylor Soper on July 21, 2015July 21, 2015 at 11:56 am 5 Comments

Seattle-based startup Buddy is going public, but not in the way you might expect. In one of the more unique acquisition deals we’ve come across, the Internet-of-Things (IoT) data platform is… Read More

Fitbit IPO: Shares soar 48 percent on first day of trading

by James Risley on June 18, 2015June 18, 2015 at 4:33 pm 2 Comments

Fitbit shares surged to $30.40 at the opening bell of the company’s first day on the market, as the wearable technology company made its initial public offering. The price settled to… Read More

Portland’s Puppet Labs planning to go public next year

by Tricia Duryee on May 12, 2015May 13, 2015 at 7:02 am1 Comment

Puppet Labs is planning to go public as soon as next year, potentially making it the first company in Portland, Ore. to IPO in 12 years. The company’s CFO Bill Koefoed told… Read More