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This year's tech IPOs struggle to pass listing price

Published 07/05/2017, 02:12 PM
© Reuters.  This year's tech IPOs struggle to pass listing price
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  • Notable tech IPOs from this year fall to or below IPO prices due to monetization and market concerns.
  • Snap (NYSE:SNAP) debuted in March at $17 a share and shares are currently down 1.42% to $17.34.
  • Investors have expressed concerns about Snapchat’s low membership numbers and ad revenue monetization.
  • Data analysis software company Cloudera (CLDR -0.1%) went public in April for $15 a share and is now trading only slightly higher after a post-earnings fall last month.
  • Enterprise cloud company Tintri (TNTR -3%) debuted last week at $7 after lowering the IPO price from the original $10.50 to $12.50. Shares have fallen to nearly even with that listing price.
  • Tintri faces competition from Nutanix, which went public last year and currently sits above its $16 IPO price, and Pure Storage, now below its 2015 listing price of $17.
  • IPO winner: Cloud management company Okta (OKTA -1.8%) listed in April at $17 and shares are currently over $22.
  • Now read: Could Snap Map Cause More Drama Than Stories?


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