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Cloudflare reportedly gearing up for a $3.5 billion IPO next year

Cloudflare is reportedly preparing for an initial public offering with a potential valuation of more than $3.5 billion. According to Reuters, the IPO would take place in the first half of 2019 and be led by Goldman Sachs. This year is expected to be a strong one for cybersecurity stock debuts, thanks in part to increasing awareness of, and demand for, security and privacy services. Another cybersecurity startup said to be prepping for an IPO is CrowdStrike, which raised $200 million earlier this year on a valuation of $3 billion.…

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Longtime enterprise exec Quentin Clark joins Dropbox as SVP of Engineering, Product and Design

As Dropbox slowly gears up toward its initial public offering, its bringing on a longtime enterprise executive Quentin Clark, a former VP of Microsoft as well as SAP CTO as head of its very-long-title-where-he-will-oversee-a-ton-of-things. His official title is going to beSVP of Engineering, Product and Design, where he will oversee all of those operations. As Dropbox looks to dive further into the enterprise, Clarks experience is likely going to give the company what it needs to start to sign more of those deals. Dropbox has historically been known as a…

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Crunch Report | SpaceX Falcon Heavy launch Planned for November

Smallest spacecraft ever launched make it to low-earth orbit Stitch Fix has confidentially filed for an IPO Credits Written by: Tito Hamze, John MannesHosted by: Tito HamzeFilmed by:Joe ZolnoskiEdited by: Veanne Cao Notes: I dont know what to wear on Crunch Report (Its a hard decision and I suck at dressing myself). If you are a startup andwant to me to wear something mail me an XL T-shirt and Ill wear it in an episode. Im not going to mention the company on the shirt in the episode but it…

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The IPO market in 2017? Underwhelming so far, underscores a new survey

The IPO market isnt looking much more vibrant than last year, underscores a new survey. That could be discouraging for those who hoped a blah year would lead to a booming one. In fact, unless the fall is an especially active time for IPOs and it might be 2017 may well serve as one of the less memorable years in recent history. You probably remember some of these stats from 2016: a 65 percent decline in the number of U.S. IPOs from a recent high of 363 in 2014; a37…

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All companies can use confidential filing IPO process now

Effective today, any company can file for a confidential IPO, even if annual revenue is greater than $1 billion. This means that larger companies can now submit and revise financial filings, waiting until a few weeks before the offering to announce it to the public. Since the JOBS Act was introduced in 2012, more than 100 eligible companies have taken advantage of this provision in order to avoid long periods of public scrutiny. Sometimes companies postpone the timing of their IPOs and a confidential filing makes it easier to do…

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Blue Apron falls 9% on fourth day as a public company

Blue Apron sends you the ingredients to help you cook delicious meals, but some investors are considering its shares unsavory. The meal kit delivery company, which went public on theNew YorkStock Exchange last week, has had a rough debut on the stock market. After significantly lowering its IPO price range, the company priced its IPO at $10 per share. The stock closed Wednesday below $9. Most companies go up on the first day of trading because bankers recommend a pop, where they target a share increase of at least 20…

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As public markets test new highs, Dropbox said to commence IPO prep

Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: Salesforce marches steadily toward $10B run rate goal Equity podcast: Ubers losses, Clouderas IPO and the biggest e-commerce acquisition ever After quite alot of time, abusiness pivot,two differentcredit lines,buckets of capital and arefocus on cost-control, Dropbox may be finally on the path to going public. According toReuters, the cloud storage and Im sure it would prefer us to add enterprise productivity shop company is seeking to hire underwriters for an initial…

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Tintri up slightly after lowering IPO price

Enterprise cloud company Tintri was supposed to debut on the public markets yesterday with an IPO price between $10.50 to $12.50, but then pushed things back a day and lowered its price to $7. Shares were up about 3.5 percent midday Friday, trading at roughly $7.25 per share. In what seems to be a tough week for tech IPOs, cooking kit delivery service Blue Apron also significantly lowered its price range after weak investor demand. It could be a sign that the appetite for technology IPOs is cooling. But Tintris…

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Crunch Report | Elon Musks Tunnel Vision Gets Rendered

Watch how Elon Musks Boring Company tunnels will move cars faster Cloudera and Carvana, techs next two IPOs, both price at $15 per share Credits Written by: Tito Hamze, John MannesEdited & Hosted by: Tito HamzeFilmed:Joe ZolnoskiTeleprompter:Joe Zolnoski Notes: I dont know what to wear on Crunch Report (Its a hard decision and I suck at dressing myself). If you are a startup andwant to me to wear something mail me an XL T-shirt and Ill wear it in an episode. Im not going to mention the company on the…

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