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PayGroup Targets $6.5 Million With Aussie IPO

“Singapore-based payroll company PayGroup is reportedly seeking up to $6.5 million from an initial public offering (IPO), the firm said Thursday (April 19)” reports pymnts.com. The company’s IPO on the Australian Securities Exchange (ASX) will see the company issue between 11 million and 15 million shares.It’s why we have succeeded.” Last December, another payroll company, Ascender, announced its own plans to float on the ASX. At the time, the firm secured $76.6 million in equity from HarbourVest Partners, which also owns a majority stake in the company.PayGroup provides multi-currency payroll…

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The IPOs keep on coming: Raising $497M, Pivotal Software sees modest share price bump

“Shareholder General Electric Co. is also selling about 3.9 million shares, about 20 percent of its stake in Pivotal” writes Paul Gillin for siliconangle.com. The company, majority-owned by Dell Technologies Inc., had sold 33.1 million shares late Thursday at $15 apiece.Still, the modest rise in shares also indicates Pivotal priced the offering about right, leaving little money on the table.Dropbox Inc. went public March 23 in a $756 million offering that saw its shares rise 40 percent the first day.The offering also values the company, a maker of software for…

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Pivotal priced IPO at $15/share, in the middle of announced range of $14-$16, raising $555M and giving company a valuation of about $3.8B

“Pivotal said it would sell at least 37 million shares at the IPO price, the midpoint of the expected price range of $14 to $16” writes Jeremy C for marketwatch.com. PVTL, +4.87% priced its initial public offering at $15 a share early Friday, raising $555 million at a valuation of about $3.8 billion based on shares outstanding.GE, +3.93% sold about 3.9 million of the shares to receive about $58 million. Source: marketwatch.com Share This:

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Pivotal prices IPO at $15 a share

“Pivotal said it would sell at least 37 million shares at the IPO price, the midpoint of the expected price range of $14 to $16” writes Jeremy C for marketwatch.com. PVTL, +0.00% priced its initial public offering at $15 a share early Friday, raising $555 million at a valuation of about $3.8 billion based on shares outstanding.GE, +2.42% sold about 3.9 million of the shares to receive about $58 million. Source: marketwatch.com Share This:

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Adyen, a payments firm with clients such as Netflix and Uber, is eyeing an IPO after record revenues

“Adyen, a Dutch payments processing firm that counts Uber, Spotify and Netflix among its clients, is considering a stock market listing this year, a source told CNBC, after the company reported record revenues in 2017” writes Arjun Kharpal for cnbc.com. Last week, Reuters reported that Adyen is eyeing a listing in June and said that it could value the company between 6 billion ($7.4 billion) and 9 billion euros.The company, which is currently valued at over $2 billion, is in talks with Morgan Stanley and J.P. Morgan to be advisers,…

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Online training company Pluralsight files for an IPO

“Online education company Pluralsight Inc. has filed for an initial public offering, seeking to sell up to $100 million in shares, according to a Securities and Exchange Commission filing late Monday” writes Claudia Assis for marketwatch.com. Pluralsight, based in Farmington, Utah, said that nearly 700,000 people in more than 150 countries have access to its training platform, which includes on-demand and online technology courses and business analytics tools.The company listed sales of $132 million in 2016 and of $167 million last year, and losses of $21 million in 2016 and…

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VW Trucks could pursue listing or issue debt: CEO

“FRANKFURT (Reuters) – Volkswagen said it could list its trucks business as part of expansion plans for the division, Andreas Renschler, head of the trucks business said on Monday” reports businessinsider.com. “We want to achieve capital market readiness in the next 12 months.”You can also go to the capital market without (an IPO). Source: businessinsider.com Share This:

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Zuora soars in its IPO and the founder’s stake is worth nearly $200 million — 5 years after the company hit rocky times

“We asked Tzuo if being a public company CEO meant he was going to start buttoning his lips” writes Julie Bort for businessinsider.com. “It was the first time doubt started seeping into the company,” Zuora recalls.2018 is shaping up to be the year of the enterprise tech IPO, and cloud accounting software company Zuora just entered the public market with a bang.The company earned $168 million in revenue in its last fiscal year, up from $113 million in fiscal 2017. Source: businessinsider.com Share This:

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