Welcome to Tuesday by ProWellTech Disrupt week. In a few hours, I'll be hosting a panel on how startups can achieve $ 100 million in annual recurring revenue (ARR) with the CEOs of Egnyte, GitLab and the President of Kaltura. It will be a jam. Bring your questions!
Right now, however, let's talk about some bigger companies, namely all the unicorns that are going public this week. We can put aside Corsair Gaming, Palantir and Asana, debuting next week. This morning we establish what awaits us for JFrog, Snowflake, Sumo Logic and Unity.
The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.Yesterday we explored the most recent price ranges for Snowflake and JFrog, helping to set the stage. With both companies setting new and richer pricing targets for their debut, the technology market looks hot. This is good news for Sumo Logic and Unity, which are expected to start trading this week.
Read on for your cheat sheet on all things coming from the IPO realm, and in response to Twitter kerfuffle, notes on why Snowflake is seeing such demand from investors despite a history of losses. It's a good day to remind ourselves why some losses are very serious and others are pretty good given a certain set of circumstances.
Big Ass IPO Week
After today's trading we expect to see JFrog and snowflake price their IPOs. As a quick reminder, this is what the two companies have come to expect, starting with developer-centric service provider JFrog:
- Target Price: $ 39 to $ 41 per share
- Implied Valuation Range: $ 3.46 billion to $ 3.64 billion, discounting underwriters' shares
- Final private valuation: $ 1.0 billion
