Digital Edition

SYS-CON.TV
Hey, These IPO Things Actually Work
Somebody's gonna have a very merry Christmas - once they sober up

Somebody's gonna have a very merry Christmas - once they sober up.

Clustered storage start-up Isilon Systems Inc went public last Friday nominally pricing its shares at $13 although the broad market never saw that price - it opened $25 ending up 78%. It has yet to give back any ground. It was the third biggest opening day gain of the year - the biggest if you just count technology.

Isilon's performance is seen as a weather vane for how Mellanox, whose IPO is practically upon us, might do, not to mention 3PAR's and eventually Panasas' - should conditions hold.

Unlike Isilon, which raised $109 million with $15 million in losses and revenues up more than 3x to $41 million the first nine months, Mellanox actually has some earnings to put on the table and a bigger revenue base.

Morgan Stanley and Merrill Lynch managed the Isilon debut.

Isilon was funded by Lehman Brothers, Sequoia Capital, Atlas Ventures and Madrone.

About Security News Desk
SYS-CON's Security News desk trawls the world of security for news of software, hardware, products, and services that seems likely to be of interest to infosec professionals and summarizes them for easy assimilation by busy IT managers and staff.

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1



ADS BY GOOGLE
Subscribe to the World's Most Powerful Newsletters

ADS BY GOOGLE

Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, ...
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 20...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 1...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with e...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point wh...
Dynatrace is an application performance management software company with products for the informatio...
Today, we have more data to manage than ever. We also have better algorithms that help us access our...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: D...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held Novemb...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, ...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018,...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing w...
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news an...
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | ...
Enterprises are striving to become digital businesses for differentiated innovation and customer-cen...
Consumer-driven contracts are an essential part of a mature microservice testing portfolio enabling ...