Homepage / Technology / A miserable week for tech IPOs shows Silicon Valley is still hungover from valuation boom
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Yatırım Şartsız Deneme Bonusları ile Hızlı Başlangıç Yapın Onwin Güncel Giriş Online Spor Bahis Siteleri 8359 onwin giriş Güncel Bonusları 1518 grandpashabet giriş Limelight ahead 5 The Majority Of Sought-After Classifications at JeetBuzz 1Win Sports Betting and Casino Official Site Login 1WIN casino official website of the bookmaker, slots, gaming machines 1win: Sitio web oficial del Casino y Casa de Apuestas 2024, Apuestas Deportivas en Línea, Inicio de sesión de 1win 1Win Apuestas Deportivas y Casino Online Bono 500% 1Win Apuestas Deportivas y Casino Online Bono 500% 1win: Sitio web oficial del Casino y Casa de Apuestas 2024, Apuestas Deportivas en Línea, Inicio de sesión de 1win Casino 1Win Argentina Reseña: Todo lo que necesitas saber sobre usabilidad y registro 1win: Sitio web oficial del Casino y Casa de Apuestas 2024, Apuestas Deportivas en Línea, Inicio de sesión de 1win Mines evaluation 1WIN casino official website of the bookmaker, slots, gaming machines 1win App Download 2025 1win apk & iOS download info! The Rise of TrumpCoin: A 2025 Digital Gold Rush 1WIN Sitio web oficial de Apuestas y Casino en línea Bonificación por inscripción $5000 1WIN bet cassino site oficial, slots, jogos de azar, apostas 1WIN bet cassino site oficial, slots, jogos de azar, apostas test-g Ghostwriting: Was ist erlaubt? 1WIN bet cassino site oficial, slots, jogos de azar, apostas Espejos acceso alternativo a los sitio Muchas personas se hacen ahora esta pregunta 10 Mejores Casinos Online en España Guía Actualizada 2025 Start meeting horny girls now – sign up today Find local adult chat sites and relate solely to fun singles generative ai course 1WIN Sitio web oficial de Apuestas y Casino en línea Bonificación por inscripción $5000 1Win Uruguay: Apuestas Deportivas y Casino Oficial The simplest way to meet up sexy women Bahis Sitelerinde Üyelik Bonusu Nasıl Alınır? Find an ideal match with lonely housewife hookup website Master the art of online dirty talk Yeni Başlayanlar İçin En İyi Bahis Siteleri ve Promosyonlar Casino Sitelerinde Hangi Bonuslar Daha Avantajlı? Deneme Bonusları ile Slot Oyunları: Oynamak İçin En İyi Siteler Experience a fantastic and unique option to satisfy brand new people Adjustment in Marriage: 10 Techniques For Newly Married Couples Güncel Bahis Siteleri: Bonus Fırsatları ve Yenilikler 2025’ün En İyi Bahis Stratejileri: Yüksek Oranlarla Kazanma Deneme Bonuslarıyla Oyunları Keşfet: En İyi Siteler Güncel Deneme Bonusları: Hangi Sitelerde Mevcut? Enjoy the greatest adult fuckbook experience now Mature bbw lesbians – find love utilizing the right partner เว็บพนัน ออนไลน์ จับกลางกรุง! บุกทลายฐานเว็บพนันชาวไต้หวันรายใหญ่ เงินหมุนเวียน 500 ล้าน ปี Panduan Lengkap Bermain Slot Online: Strategi & Tips Terbaik Deneme Bonusu ile Ücretsiz Oyun Oynayın Boy Names: Top 1,000 Baby Boy Names in the U S. for 2024 List of most popular given names Wikipedia Mobile Gaming in the UK: Trends, Regulations, and Future Leads Start dating hot moms today – it’s easier than you think Define generative ai 14 Define generative ai 14 How to find the right online gay dating website for you Home Superclones watches Exploring Super Clone Watches: Quality, Accuracy, and Affordability Join the most effective bbw milf dating site today En İyi Bahis Siteleri İçin Seçim Yaparken Nelere Dikkat Edilmeli? At this point, and yet very near | Life and magnificence | Trusted Casino Hellspin Review Leading Online Casino Hellspin Evaluation Mostbet App: Download Mostbet apk for Android & iOS 2024 Ігрові Автомати з Виводом Грошей на Карту ️ Онлайн Ігри на Гривні в Українікращі азартні ігри на гроші з виводом на карту2024-01-08 Taya365 online casino login Tips for conference and dating other bisexual men How to get the right bi partner Exploring the Prospering World of Online Casinos in the UK Meet hot singles and luxuriate in flirty chatting Bahis Siteleri: En İyi Bonuslar ve Promosyonlar Situs Slot Hari Ini Terbaik dan Terpercaya Tahun Ini, Gampang Menang Güvenilir Bonus Veren Siteler ve Detaylı İncelemeler Güncel Giriş, Güvenilir Adres VOX Casino: VOXCasino Promo Code 2025 Get to learn other old gay men inside area Slot Min Depo 10K Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Scatter Hitam Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Top 10 Online Casinos in Deutschland Januar 2025 Get ready to unleash your wildest fantasies Ücretsiz Oyun Deneyimi: Deneme Bonuslarıyla Risk Almadan Kazan Bonuslarla Bahis Keyfini Katlamanın Yöntemleri 2025’te Bahis Oynayarak Kazanç Sağlamanın Yolları Freespin Veren Casino Siteleri ile Daha Fazla Eğlenin Casino Sitelerinde En İyi Bonuslar Nerede? The Ultimate Guide to Free Spins BC.Game Mirror – Discover All Current Mirrors Find regional women seeking intimate encounters Elitecasino’a Katýlým saðlayarak, Hýzla 800 TL Bonus Ýmkaný Kazanýn! Baccarat Tips: Exactly How to Enhance Your Game and Boost Your Chances of Winning Find your perfect gay sex dating site Exploring 7slots in Turkey: A Comprehensive Overview Şartsız Deneme Bonusu Veren Sitelerin Listesi The Power of Tarot Online Free Finest Gambling Enterprises that Approve Bitcoin: The Future of Online Betting MostBet: Kumarhane Eðlencesiyle Dolu Eðlencenin Tadýný Çýkarmak MostBet: Kumarhane Oyunlarýyla Zengin Yeni Nesil Eðlence Deneyimi Understanding Clairvoyant Readings: A Comprehensive Overview Online Online Casinos That Accept PayPal: A Convenient and Secure Payment Choice Сайт казино Pin Up Tips for conference and connecting with seniors whom are interested in dating

Technology

A miserable week for tech IPOs shows Silicon Valley is still hungover from valuation boom

First Blue Apron, now Tintri.

It’s been a lousy week for tech initial public offerings, so rough for Tintri that after slashing its offer price, the data storage company is worth about $225 million, or about $35 million less than the amount it raised as a private company.

Tintri, which sells to large enterprises, and Blue Apron, a meal kit delivery business for consumers, have almost nothing in common. Except that both grew rapidly fueled by venture capital, and sold shares this week to an investor base skeptical of emerging tech brands.

For both companies, some private investors are now underwater.

“Clearly there’s a fairly negative secular backdrop,” said Ken Klein, Tintri’s CEO, in an interview shortly after his company debuted on the Nasdaq. “We were a bit guilty by association.”

Klein was on the road with Tintri for close to two weeks, holding about 60 meetings with investors in cities including New York, Boston, Los Angeles, San Francisco and Chicago.

The company was intending to sell shares on Wednesday night at $10.50 to $12.50 a share and ended up delaying the offering by a day and selling at $7. It rose to $7.27 as of mid-day Friday.

Blue Apron had planned to price at $15 to $17, but ended up on Wednesday evening at $10. The stock hasn’t even been able to hold that price, falling to $9.29 Friday afternoon.

The big picture — Silicon Valley is still hungover from the financing boom that lasted from about 2012 to 2015 and produced valuations that the public markets refuse to honor. On top of that, there’s the crisis at Uber, which last week forced CEO Travis Kalanick to resign, leaving big money investors concerned about the ride-hailing company’s $68 billion valuation.

According to the Wall Street Journal, there are 161 venture-backed companies valued at $1 billion or more. David Golden, a partner at Revolution Ventures in San Francisco, said the shakeout isn’t over.

“Because there was so much capital deployed in the growth equity asset class, it will take a while to reset,” said Golden, who previously ran tech investment banking at JPMorgan. “There is a fairly long way to go as it relates to the public markets.”

For Tintri’s Klein, the IPO serves three purposes even though it bought in less money than planned. The $60 million raised “fully funds our business model,” Klein said. Additionally, the offering is designed to raise awareness in the enterprise cloud market and to provide credibility that comes with being public.

Tintri develops flash high-speed storage that helps big companies get the attributes of cloud computing without migrating their data to places like Amazon Web Services. The company serves 1,300 customers, including 21 of the Fortune 100, according to its prospectus.

Nutanix and Pure stock prices

However, it’s a costly model and competitors have struggled on the public market. Tintri’s sales in the fiscal year that ended Jan. 31, climbed 45 percent to $125.1 million. The company spent $108.9 million on sales and marketing leading to an operating loss of over $100 million.

Nimble Storage was acquired by Hewlett Packard Enterprise in April for 40 percent below its IPO price in 2013. Pure Storage is trading below its offer price from two years ago, and while Nutanix is above last year’s debut price, it’s well below where the stock ended up after its opening day pop.

“If you’re an investor, you’re going to say `I’ve seen this movie before,'” said Golden.

Source: Tech CNBC
A miserable week for tech IPOs shows Silicon Valley is still hungover from valuation boom

Comments are closed.