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Hello and welcome to Equity, TechCrunch's venture capital podcast, where we reveal the numbers behind the headlines.
This is a relaxed, Friday, Equity Shot. That means Kate and Alex were on deck to get acquainted with the latest news from the IPO front. We will continue to make additional episodes as long as necessary, although we regret a bit if we get a little too much.
It's a joke, we are not sorry at all.
So, three things this week. First of all, quickly filed an S-1 (Alex's notes here), secondly, Zoom has completed his highly anticipated IPO (Kate's post here, Alex also has notes), third. Pinterest became public too (More TechCrunch here). In the end, Pinterest's stock offering valued the company at $ 12.6 billion (an amount higher than its last private valuation), but we still have some notes on the phenomenon of "undercounting". (Here and here)
Fastly becomes public after raising more than $ 200 million for a valuation over $ 900 million. Founded in 2011, the content delivery company has surpbaded $ 100 million in revenue in 2017, growing by just under 40% in 2018. It is an inefficient store, but the road to the profitability is clear. And given Zoom's IPO, it's probably a slight loss of speed in the market.
As mentioned, Zoom had a very successful first trading day. The company eventually set the price of its shares above the range of $ 36 each, before starting on the Nasdaq at $ 65 each. Yes, it's 81% and yes, we were a little disappointed.
Finally, Pinterest The beginning was strong, resulting in a gain of more than 25% over the price of its IPO above the range. What's not to like that? It is hard to find fault with the offer. Pinterest has gone over the negative press and questions about private market valuations, has become public, has collected a lot of money and now has to run. We are going to watch.
If you are looking for more Uber Content of the IPO, do not worry, there will be many more to come. See you next week.
Fairness drops every Friday at 6:00 am, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all the others.
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