Nutanix is expected to go public tomorrow, an IPO that has been delayed since last year. The company raised its price range this week, from $11 to $13 per share, to $13 to $15, indicating either optimism, investor demand, or a mixture of both.
The broken windshield is an analogy. Recently on Investors.com, an article detailed the views of analyst Trip Chowdhry about technology companies, especially quickly-growing startups and their sometimes stretched valuations. Their take was simple: Things are out of sorts and headed for a correction.
Editor's Morning Note: Microsoft announced that there are 400 million 'active' Windows 10 machines. Is that a lot? Is it not a lot? Is it very a lot or not a lot very? Microsoft's seminal Windows 3.1 build, codenamed 'Side of Random Building.'
The third quarter isn't over yet, and there is quite a lot of data yet to cull, analyze, and sort. However, an early look at the performance of venture activity in this country during the period is not encouraging.
Editor's Morning Note: The American tech IPO window is wide open to healthy companies. Maybe that's why there are so few offerings. After raising its IPO range from $14 to $16 per share to $16 to $18 and picking the $18 final price, The Trade Desk saw its equity skyrocket in its first day's trading as a public company.
Nuntanix priced its IPO this week, setting a $13 per-share upper end to its range. At its valuation midpoint, $12 per share, the company is worth around $1.64 billion. Some sources quote a slightly higher figure. However, both figures fall below the company's 2014-set $2 billion valuation.
The stuff investors' dreams are made of. While the pace of US-based technology IPOs remains ossified, some still slip through the grate. This week, The Trade Desk and Apptio will likely both push the button and go public.
Things are good right now. Very good. And, it appears that things aren't set to get much worse for at least another few minutes. Whatever your take on the need for a correction 1, it's not coming today. After all, why would things start to slip when the cost of money, an engine in today's yield hunt, appears set for stasis?
This morning, Spotify co-founder Daniel Ek alluded on Twitter that his company crossed the 40 million paying user mark: The news comes after the company reported that it had 39 million paying users in late August. And it follows news that the music streaming service reached 30 million paying subscribers this March.
Editor's Morning Note: Mattermark Editorial is at Disrupt this morning, so we're keeping this short. The story you had hoped would come out about Rothenberg Ventures is out. Backchannel recently published a long, detailed story about the rise, and fall of Rothenberg Ventures and its eponymous founder that is worth reading.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Obama AND Romney or Obama + Romney.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used.) For example, search for democrat OR republican to find results that refer to
Democrats and/or Republicans.
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".