Today, we’ll dig into Justworks’ business, its economic performance and what it might be worth. Let’s have a little IPO fun one last time this year!
The era of ultra-rich software valuations could be behind us
Put simply: If the tech companies with the richest valuations were dragged closer to a 20x multiple, it would slash the worth of nearly every tech company, period.
Samsara prices at top of range, crashes through $10B valuation mark in public debut
We have 72% growth, 70% gross margins, nine-figure revenues and a 27x multiplier. There’s more to be said, but perhaps this begins a slightly more conservative pricing regime for software companies.
Nubank, HashiCorp provide startup market with end-of-year IPO wins
We need to grok how 2021 ended to understand where 2022 begins.
The SEC is curious about Trump’s SPAC deal
Digital World Acquisition Corp. (DWAC) announced in a recent filing that it has received questions from the United States government regarding its anticipated combination with Trump Media & Technology Group (TMTG). TechCrunch covered the SPAC’s planned combination with the company associated with former U.S. President Donald Trump here. We were broadly skeptical of the deal, […]
Tech stocks are getting hammered (again)
I have a run of internal meetings starting in 15 minutes, so we have to be quick, but tech stocks are taking body blows yet again today. A selloff earlier in the week had us taking note. Today cements our raised eyebrows. And when we say tech shares are under attack, we are not only […]
Grab’s SPAC splat caps off a bad week for blank-check combinations
What goes up must come down. And what goes SPAC must go splat? We’ll keep workshopping that. Regardless, shares of super app Grab took a pounding today after its SPAC combination was approved last night and began to trade this morning. Grab’s stock initially rose, before falling sharply as the day went on. By the […]
Super app Grab starts trading on supersized SPAC combination
Grab will begin trading today on the Nasdaq under the ticker symbol “GRAB.”And it raised a pile of money in the process. Billions, in fact.
Massive wants to rent your spare compute power to pay for apps
Startups are often questions: What if we did things in a new way, instead of the way we have been? Massive is a good example of the genre: What if users could pay for apps or services not with money or attention, but with their spare compute power? The general concept of distributed compute power […]
IoT data collector Samsara’s IPO will be fun to watch
Samsara would have to command a revenue multiple of just under 12x to meet its final private price. Will it manage that? Er, yes. Yes, it will.