After years of flipping between will it or won’t it, messaging service Snap (NYSE: SNAP), finally went public. The market has been looking forward to the IPO. But Snap will have to do more than just publish user metrics now. To justify its valuation, Snap will have to show its ability to drive revenue growth and profitability.
SaaS-based enterprise application services provider Workday (NYSE: WDAY) may have delivered an impressive quarter, but the market is not impressed. During the recent result announcement, Workday announced a change in accounting practices and a re-organization of its operations – a move that has not gone down well with the analysts.
Music streaming company Spotify has been thinking about its IPO for a while. A year ago, analysts were expecting it to take the plunge in 2017. But recent reports suggest that the company may be delaying the IPO again, as it works on improving its operations and financials.
According to a report by car auction company Manheim, the US auto industry has seen a bullish trend over the past few years. Used car sales grew 6% in 2016 and the trend is expected to continue in the next few quarters. But despite the market conditions, online player and a former Billion Dollar Unicorn expectant Beepi recently shuttered operations.
Last year, only 40 VC-backed US startups went public. This was the lowest number since 2009. The volatile public market at the beginning of the year forced several startups to delay their IPO plans. One of them was cyber security Billion Dollar Unicorn ForeScout. But it has recently filed confidentially for an IPO. >>>
Twilio’s (NYSE: TWLO) roller coaster start on the stock markets appears to have settled down. After soaring more than three times within a few months of listing, the stock appears to have calmed down to more realistic levels.
Earlier this week, Salesforce (NYSE: CRM) reported its quarterly results, surpassing market expectations. For a while now, Salesforce has been targeting to become the first $10 billion cloud services company. Recent outlook reveals that the milestone may not be too far off now.
According to a report by Research Beam, the Global Data Center Market is estimated to grow at 10.7% annually through the period 2016 to 2020. The growth in the industry is attributed to the increasing demand among organizations to move to virtualization and automation while demanding higher operational efficiency. London-based Global Switch is a Billion Dollar Unicorn player in the data center industry.