Cybersecurity Firm Crowdstrike Files for an IPO

Crowdstrike Inc., a cybersecurity firm based in Sunnyvale, Calif., is the latest unicorn to file paperwork to go public. In its S-1 filing, Crowdstrike reported approximately $249.8 million in total revenue last year and a net loss of $140 million. The majority of its revenue, equivalent to $219.4 million last year, comes from selling subscriptions with the rest derived from professional services. It also reported year-over-year growth of 137% in subscription revenue and 2,516 subscription customers as of January 31. In a competitive market for cybersecurity services, Crowdstrike specializes in endpoint security, which guards…

Walmart Reportedly Mulling IPO for U.K. Unit Asda

Walmart (WMT – Get Report) is considering an initial public offering for its U.K. grocery subsidiary Asda, a listing that that could value the company at as much as an estimated 8.5 billion pounds ($11 billion), Bloomberg reported. The news comes just weeks after U.K. antitrust regulators blocked a planned merger between Asda, Britain’s fourth-largest supermarket, and rival J Sainsbury. “While we are not rushing into anything, I want you to know that we are seriously considering a path to an IPO,” Judith McKenna, the company’s international chief, told employees…

Is Pinterest Stock a Good Buy Right Now?

Hot IPOs can be tough to gauge, particularly in a market like this where volatility is climbing and the declines are being exacerbated by trade-war worries. We’ve seen big declines in names like Lyft (LYFT) and more recently Uber (UBER) , although others like Pinterest (PINS) and Zoom Video (ZM) have been doing much better. Zoom has been off to the races — still up roughly 100% from its IPO price — while Pinterest continues to hold onto its strong yet more reasonable gains. Shares have been chopping between $28…

How Much Is Uber Stock Really Worth?

You can’t really say it’s been a rough IPO market, with many names performing quite well since going public. Zoom Video (ZM) , Pinterest (PINS) and others have been strong thus far. However, we can say it’s been a rough IPO market for ride-hailing services as both Uber (UBER) and Lyft (LYFT) have seen strong selling pressure since making their debuts. Lyft opened for trading near $88 in late March and is quickly down $40 a share six weeks later to $48 on Monday. The stock is down about 6%…

Uber’s Weak IPO Could Shine a Harsh Light on Other Tech Unicorns

After all that, Uber’s IPO was a dud. The ride-hailing giant, once the most valuable private tech firm in the world, limped its way into the public markets on Friday. After kicking off trading at $42 per share — below its initial offering price of $45 per share — it had fallen to $41.57 by market close on Friday. And on Monday, Uber’s (UBER) stock extended those losses even further with an 11% slide as of the late afternoon. So what does Uber’s lackluster IPO mean for the remaining unicorns expected to…