• Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion
Wednesday, 22 March, 2023
  • Login
topfmonline.com
 
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Education
  • Technology
  • Foreign
No Result
View All Result
topfmonline.com
No Result
View All Result
Home Technology

Software maker HashiCorp raises $1.2 billion in U.S. IPO -source

TOPFM NEWS by TOPFM NEWS
December 9, 2021
in Technology
A A
0
Software maker HashiCorp raises $1.2 billion in U.S. IPO -source
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Cloud software vendor HashiCorp on Wednesday sold shares in its initial public offering (IPO) above its target range to raise $1.2 billion, a person familiar with the matter said.

HashiCorp priced 15 million shares at $80 per share, the source said. It had planned to sell shares at $68 to $72 apiece.

The IPO values the company at $14 billion.

The source requested not to be identified ahead of an official announcement. HashiCorp did not immediately respond to a request for comment.

The software maker’s debut comes amid a flurry of major tech listings this year as a number of startups look to capitalize on sky-high investor demand for new, high-growth tech stocks.

HashiCorp began as an open-source project and provides cloud-based software to customers such as Dutch lender ABN AMRO (ABNd.AS) and infrastructure management for Daimler-owned (DAIGn.DE) car marker Mercedes-Benz.

The company was co-founded in 2012 by Mitchell Hashimoto and Armon Dadgar, who met at the University of Washington in 2008. They had worked together on a research project to make cloud technologies, which were then being developed by Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O), available to scientists.

Based in San Francisco, HashiCorp considers itself “remote-first,” with over 1,650 employees operating across the world.

HashiCorp, whose investors include Mayfield, Franklin Templeton and T Rowe Price, is the latest company trying to take advantage of strong investor demand for high-growth tech stocks.

Software development platform GitLab Inc (GTLB.O) was valued at nearly $15 billion in its Nasdaq debut last month, while restaurant software provider Toast Inc (TOST.N) fetched a valuation of nearly $33 billion in September.

HashiCorp will list its shares on NASDAQ under the symbol “HCP”.

Morgan Stanley, Goldman Sachs & Co, J.P. Morgan, Bofa Securities and Citigroup are lead underwriters on the offering.

Related Posts

TikTok launches an elections hub in Kenya ahead of General Elections

TikTok launches an elections hub in Kenya ahead of General Elections

July 15, 2022
10
Facebook to allow up to five profiles tied to one account

Facebook to allow up to five profiles tied to one account

July 15, 2022
4
Source: Echo Wang
Via: Reuters
Tags: HashiCorp
Previous Post

Google to give additional staff bonus this year

Next Post

Apple and Hyatt begin rolling out hotel keys in Apple Wallet

Related Posts

TikTok launches an elections hub in Kenya ahead of General Elections
Technology

TikTok launches an elections hub in Kenya ahead of General Elections

July 15, 2022
10
Facebook to allow up to five profiles tied to one account
Technology

Facebook to allow up to five profiles tied to one account

July 15, 2022
4
Microsoft releases tweet-size exploit for macOS sandbox escape bug
Technology

Microsoft releases tweet-size exploit for macOS sandbox escape bug

July 14, 2022
9
Final Android 13 beta arrives ahead of its official launch ‘in the weeks ahead’
Technology

Final Android 13 beta arrives ahead of its official launch ‘in the weeks ahead’

July 14, 2022
2
Ex-CIA engineer Joshua Schulte convicted over massive data leak
Technology

Ex-CIA engineer Joshua Schulte convicted over massive data leak

July 14, 2022
2
Samsung Galaxy Z Fold 4 with model name SM-F936U certified by FCC
Technology

Samsung Galaxy Z Fold 4 with model name SM-F936U certified by FCC

July 13, 2022
2
Next Post
Apple and Hyatt begin rolling out hotel keys in Apple Wallet

Apple and Hyatt begin rolling out hotel keys in Apple Wallet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

BROWSE BY TOPICS

2022 Budget Afghanistan akufo addo Amazon Apiate explosion Appiate apple AT&T Bawku Black Stars covid COVID-19 COVID 19 E-Levy election facebook Ghana Police Service Google Government health Intel iphone Mahama Microsoft Minority momo NDC news NPP Nvidia OMICRON Parliament police Russia security South Africa Taliban tech Tesla US UTAG vaccine vaccines Verizon Xinjiang

Recent Posts

  • Ex-Gender Minister Nana Oye files forms to lead NDC in Adentan
  • Refund fraudulent salaries or face the law – Fair Wages warns ahead of nationwide payroll monitoring exercise
  • NDC primaries: We’ll provide a level-playing field for contestants – Fifi Kwetey
  • Let’s avoid economic mistakes of the past – Prof. Adei advises
  • Black Stars arrive in Kumasi for Angola clash

Recent Comments

No comments to show.

RECENT NEWS

  • Ex-Gender Minister Nana Oye files forms to lead NDC in Adentan March 22, 2023
  • Refund fraudulent salaries or face the law – Fair Wages warns ahead of nationwide payroll monitoring exercise March 22, 2023
  • NDC primaries: We’ll provide a level-playing field for contestants – Fifi Kwetey March 22, 2023
  • Let’s avoid economic mistakes of the past – Prof. Adei advises March 22, 2023

MAIN CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

Entertainment

Zipline unveils new autonomous system capable of quiet, fast and precise home delivery
Health

Zipline unveils new autonomous system capable of quiet, fast and precise home delivery

6 days ago
0
  • ABOUT US
  • CONTACT
  • ADVERTISE

© 2023 Top Media Group - Powered by BackUp Data Systems

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion

© 2023 Top Media Group - Powered by BackUp Data Systems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In