Skip to main content

AppDynamics posts long-awaited IPO filing

Related image

AppDynamics has revealed its filing for a U.S. IPO. The IT company, which helps businesses like Salesforce and IBM with applications management, is targeting a $100 million offering.
Despite a competitive landscape, which includes New Relic and Dynatrace, AppDynamics has shown strong revenue growth over the past year. For the nine months ending in October, revenue came in $158.4 million, compared to $102.8 million in same period during the year prior, driven by strong growth in subscriptions.

Losses widened slightly, with the company losing $95.1 million through October versus $92.4 million in the same period the year before. This means that last year, the losses were almost as high as AppDynamics’ revenue.

As the company warned in its risk factors, the losses are expected to continue.  “We expect our operating expenses to increase over the next several years as we continue to expend substantial financial resources on, among other things: research and development, including the development of new applications and application enhancements; sales and marketing, including increasing our product and brand awareness; customer support and professional services; upgrades to our technology infrastructure, such as improvements to our SaaS architecture; and hiring of additional employees. “
AppDynamics has raised over $300 million in funding over the past 8 years and its largest shareholders at the time of the offering are Greylock Partners and Lightspeed Venture Partners, which each own 20.8% of the company. AppDynamics’ last known private market valuation stood at $1.9 billion.
The company has been rumored to go public for several years now. AppDynamics’ management had always been vocal about their long-term plans, but there was a change in leadership last year and several market-related delays.
Revealing the filing right now suggests that the company is hoping to finally go public in late January or early February.
The company will be listing on the NASDAQ under the ticker, “APPD.” Morgan Stanley and Goldman Sachs are co-managing the offering.


You may also want to read these ⤵️

Referee kills player in a football match

A referee is facing murder charges after football players allegedly forced him to

Do not watch this while driving

Kids are lovely and fun to watch most times. I know most of you did this and so many other funny stuffs as a kid. Feel free to share yours... Do not watch this while driving

Over 40 Million Accounts Found Guilty

Microsoft has uncovered 44 million user accounts using usernames and passwords that have been leaked through security breaches.

RAW TALENT ep1 (freestyle by Gdlpeid)

Just watch! Freestyle by ''Gdlpeeid''. A rapper with a difference.  Pure raw talent.

By February 2020 - WhatsApp Will Stop Working on These Phones

Every now and then, WhatsApp does fish out a list of old phones for which support is discontinued and if you have an old phone lying around as a backup, you might want to read on.

These 10 Powerful Words And Phrases Defined The Decade

Honestly, it has been a wonderful decade to remember.  A lot has happened and a lot has been spoken also. But our focus is on the words and phrases spoken.  Below are words and phrases spoken between 2010 - 2019 that defined the decade.....

Apple Has Released iOS 13.2.2 And Fixes Major Issue

All thanks to Apple,  the tech  giant just released iOS 13.2.2, which addresses the issue of background apps being killed prematurely, along with a handful of other annoyances.

This Magnetic thread Can Be Used To Clear Blood Clot in The Brain

Link from  Researchers at MIT developed a thread that can be steered magnetically to glide through the brain's blood vessels and

This gigantic monster device turns wave energy into electricity

This 826-ton buoy was developed by OceanEnergy to turn wave energy into electricity. IEEE Spectrum reported that "OE Buoy" was towed from Oregon to Hawaii, where it will undergo a series of tests that will prove whether it can withstand the battering waves while generating electricity. Click the link below to watch the video..

Lionel Messi Barcelona exit date revealed

The Barcelona Legend has decided on when he wants to quit the club and even has a successor in his mind already.