1. Ambarella: this semiconductor company filed on Friday for an IPO that would raise $65 mn. It had revenues of $95 mn in the 12 months ending January 31, 2011. The lead underwriters are Morgan Stanley and Deutsche Bank. According to VentureBeat, ‘If companies such as Ambarella, which isn’t well known, can go out on the IPO market, then the support for tech IPOs is indeed pretty strong.’
Symbol: AMBA
Sources: Renaissance Capital, VentureBeat
2. Mattress Firm: the specialty mattress retailer also filed with the SEC on Friday for its IPO. The 25-year-old company is seeking to raise up to $115 mn and generated $494 mn in revenues in the 12-month period ending February 1, 2011. The lead underwriters are Barclays Capital, UBS Investment Bank and William Blair.
Symbol: MFRM
Source: Renaissance Capital
3. CafePress: another internet company is looking to enter the public capital markets. Following announcements and action by LinkedIn, Groupon and Pandora, the website where people can make, buy and sell products like coffee mugs and t-shirts with their own designs is aiming to raise $80 mn in capital. Founded in 1999, at the height of the dotcom boom, CafePress new generates $138 mn in revenue. The lead underwriters are J.P. Morgan, Jefferies & Co. and Cowen & Company.
Symbol: CAFE
Source: Renaissance Capital
4. Facebook: the most popular social network still hasn’t filed, and early signs are that its story won’t be self-evident to investors. Growth one of its most important metrics, active users, slipped to 1.7 percent in May, according to AllThingsD. Facebook actually posted declines in its oldest markets (e.g., US, UK and Canada). This is hardly catastrophic, as Inside Facebook reports a user base of 687 mn, but absent any other indicators, monthly active users shapes perception at present.
Sources: AllThingsD, Inside Facebook
5. Pandora: 39 percent of US households are now using internet radio, and that’s good news for Pandora. With more than 90 mn registered users, the company has a strong base from which to grow. Though operating at a small loss, Pandora isn’t being compared to Groupon, which has posted massive losses and substantial dividend payments to founders. The price for the Pandora IPO is expected to be set tomorrow night. At $11 per share, Pandora would go public at a valuation of $2.13 bn.
Source: SFGate
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