public_companies   39

Slack Stock Soars as Messaging Company Goes Public - The New York Times
Slack worth close to $25B it seems at $40+ stock price. It seems it did direct listing at $26.

Last private valuation was $7.1B. Buttefield’s equity of Slack at $38 a share is $1.5B.

“The workplace collaboration company’s shares began trading at $38.50 on the New York Stock Exchange, up from a reference price of $26 that was set on Wednesday. That gave Slack a fully diluted valuation of $23.1 billion, more than triple its $7.1 billion valuation as a private company. In the weeks before the listing, investors had privately traded Slack’s shares at prices as high as $31.50 a share.”
IPOs  tech_companies  unicorns  slack  billionaires  public_companies  web_companies 
8 weeks ago by skinnymuch
Why Atlassian will be a $50+ billion company in 10 years | VentureBeat
I agree there's a decent chance Atlassian will be a $50B company in 10 years. The growth doesn't need to be that great for this to happen. They are already worth $9B. They were worth $6B when the article was written so it was claiming 9x growth at the time. While now we're just talking 6x growth at the end of the same year. Though to be fair, Atlassian jumped from around $8B market cap to $9B market cap in first week of October 2017, lol.
atlassian  i_agree  jira  public_companies  startups  tech_companies 
october 2017 by skinnymuch
Baozun IPO Set Up To Compete For Chinese eCommerce
"China’s largest e-commerce company, Alibaba Group Holding Ltd (NYSE: BABA), owns 23 percent of Baozun through the company’s investment unit Alibaba Investment Ltd. It is currently Baozun’s largest investor. After the offering, its stake will fall to 18.2 percent and its voting power will reduce to 10 percent."
subsidiaries  alibaba  chinese_companies  public_companies  $to_watch 
october 2017 by skinnymuch
Stanford dropout with a magical touch
Jul 14, 2017 | Financial Times | by: Hannah Kuchler.

Evan Spiegel refuses to be scared of Facebook. Confidence helped the 27-year-old Snap chief executive take a photo messaging app from a Stanford University coursework project to an almost $20bn initial public offering. The threat of Facebook has been following all the way.

In 2013, when the company behind Snapchat was just two years old, its co-founder (his partner was a fellow student, Bobby Murphy) was quizzed on stage about Poke, Facebook’s first attempt at imitating the app’s photo messaging. “Certainly it is scary when a giant enters your space and you are a small company,” Mr Spiegel said at the TechCrunch Disrupt conference. He laughed it off: Poke failed, and that became the “greatest Christmas present we ever had”.

But the world’s largest social network does not give up and has relentlessly imitated Snapchat since Mr Spiegel turned down its $3bn acquisition offer in 2013. Earlier this year, just as Snap headed for the public markets, Facebook finally succeeded in popularising a version of “Stories” in four of its apps — the Snapchat feature that expires after 24 unlikely analogy..... “Just because Yahoo, for example, has a search box, it doesn’t mean they are Google.”......Mr Spiegel, who dropped out of Stanford, was the first chief executive from a new wave of highly valued tech start-ups to brave the public markets. It paid off personally: he became a multi-billionaire when he took Snap public....Spiegel is soaking up advice “like a sponge” from senior management and the board, which includes Michael Lynton, former chief executive of Sony Pictures and AG Lafley, former chief executive of Procter & Gamble.....Praised as a product genius who instinctively understands the desires of his young audience, Mr Spiegel now has to learn to be a public company leader, managing the expectations of investors who want to compare Snap to Facebook and Mr Spiegel to Mark Zuckerberg......By designing the disappearing photos that made Snapchat famous, Mr Spiegel completely rethought the camera. Photos became transient conversations, not kept for posterity; social media became a way to be creative — and silly — with your close friends, not flick through a feed of near strangers.....Sir Martin Sorrell, chief executive of WPP, told the Financial Times it plans to double its spending to $200m on Snap this year. But, he added, WPP will spend over 10 times more on Facebook.

dropouts  Stanford  IPOs  Snap  Snapchat  CEOs  Evan_Spiegel  WPP  Martin_Sorrell  product_development  product-orientated  public_companies  investors'_expectations  10x 
july 2017 by jerryking
Is Baidu About to be Dogged by
Interesting, Sohu start Sogou the search engine. In third place. Sold 40% to none other than Tencent lol!

Qihoo 360 is apparently in 2nd place. Didn't know that.

Also the deets on market share in China: "Data compiled by Bloomberg Intelligence finds Baidu with a commanding 74.4% of the search market, followed by Qihoo 360 at 17.3% and's Sogou at 6.9%." --- I find these stats hard to believe. Or maybe that's how little I know of the power of the Firewall. 98.6% of searches are done by just these 3? Let's say .5% more are done by other Chinese seach engines. That means less than 1% go to all the other search engines around the world? Damn!
chinese_companies  tech_companies  IPOs  public_companies  news  big_tech 
july 2017 by skinnymuch
Blucora - Wikipedia
_Infamous to me for the founder swindling peeps and doing insider trading on the stock of some sorts by selling a ton of shares before the stock went to shit in the dot com bubble. Forgot the details but he made out like a bandit_ "InfoSpace changed its name to Blucora and NASDAQ symbol from INSP to BCOR on June 7, 2012. This event reflected the company's change as the owner of two online businesses, after its acquisition of TaxACT in January 2012, and distinguishes the parent company from its search business operating unit, which is called InfoSpace.[2] Blucora's InfoSpace business provides metasearch and private-label Internet search services for consumers and online search and monetization solutions to a network of more than 100 partners worldwide. InfoSpace's main metasearch site is Dogpile; its other brands are WebCrawler, and MetaCrawler.[3]" Revenue of 228.8M in 2011." _But TaxACT and Monoprice were both purchased for $180M+ each. NVM. They took a huge loss on Monoprice in 2016 and sold it for $40M._
inspirational  motivation  public_companies  tech_companies  beast  boss  ballers  made_out_like_a_bandit 
march 2017 by skinnymuch
Hyena capitalism receives a swift kick from the Unilever giraffe
25 February/26 February 2017 | FT| Robert Armstrong.

the rise in hyena capitalism — broadly, the emphasis on squeezing the maximum present return out of assets — is an effect of low economic growth. When the number of US workers was increasing and innovation was delivering faster productivity growth, there were lots of reasons to invest. Today it just makes more sense to focus on cost.....More generally, it may be that, since the financial crisis, spooked managements and, in the case of public companies, investors have become increasingly risk averse — more so than the state of the economy would justify. So money piles up on balance sheets, is paid as dividends, or goes to repurchase shares. Investment falls, despite the availability of cheap credit to fund new projects.
It also looks increasingly likely that the change in management incentive structures, in particular the increase in share-based incentives and shortening tenures for top executives, have made company leaders less inclined to invest. there is a risk that it could become self-reinforcing. Lack of investment affects not just future productivity, but also demand. At the extreme, if no one invests, no one earns and there is no growth. If companies are forgoing opportunities to invest, they are depriving the economy of customers with money to spend.
More insidiously, it could be that hyena capitalism undermines trust in the institutions and mores that makes corporate capitalism possible in the first place. If workers know they are regarded as dispensable cost centres, why should they commit to learning company-specific skills and procedures? Why not shirk instead? If the gains from corporate transformations go overwhelmingly to investors and financiers, why should voters support free market policies?
Capitalism needs both giraffes and hyenas. But in a time of modest growth, low productivity growth and rising inequality, one must keep an especially close eye on the hyenas.
CPG  Unilever  3G_Capital  private_equity  public_companies  consumer_goods  Kraft_Heinz  inefficiencies  capitalism  sweating_the_assets  undermining_of_trust  deprivations 
march 2017 by jerryking

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