** 2 weeks later **
Showing posts with label ESTC. Show all posts
Showing posts with label ESTC. Show all posts
Friday, October 4, 2019
Monday, April 1, 2019
IPOs this week : April 1 - 5, 19 (wk 14)
- Ruhnn Holding (RUHN) on April 2;
- Silk Road Medical (SILK), NGM Biopharmaceuticals (NGM) and Tradeweb Markets (TW) on April 3.
IPO lockup expirations:
- Upwork (NASDAQ:UPWK) and Guardant Health (NASDAQ:GH) on April 1;
- Kodiak Sciences (NASDAQ:KOD) on April 2;
- Elastic (NYSE:ESTC) on April 3.
IPO quiet period expirations:
- Shockwave Medical (NASDAQ:SWAV) on April 1 and
- Futu (NASDAQ:FHL) on April 2.
Friday, October 5, 2018
Elastic (ESTC) began trading on the NYSE on 5 October 2018
Elastic (ESTC) provides online search capabilities. Elastic is reported to be in competition with public cloud companies like Amazon.com (AMZN), Alphabet (GOOGL), and Splunk (SPLK).
Incorporated in The Netherlands and based in Mountain View, Calif., Elastic says its search technology finds information and insights from large amounts of data, available for a diverse set of applications and use cases.
The Service
Elastic is a search company that equips companies such as Walgreens Boots Alliance, Inc. (WBA), Uber, Adobe Systems Inc., (ADBE) and Sprint Corp. (S).
The company considers search to be foundational to a wide variety of experiences that are facilitated by the company's ability to instantly discover relevant information from large amounts of data.
"When you hail a ride home from work with Uber, Elastic helps power the systems that locate nearby riders and drivers," said Elastic's IPO prospectus. "When you look for a partner on Tinder, Elastic helps power the algorithms that guide you to a match."
Elastic Revenue Up 79%
For the three months ended July 31, Elastic reported revenue of $56.6 million, up 79% from the year-ago period. It had a net loss of $18.6 million in that period, vs. $9.9 million in the previous quarter.
- Priced 7 million shares at $36, above the increased $33-35 range, and up from an earlier price range of 26 to 29.
- Opened for trading at $70
- Raised $252 million
- https://www.elastic.co/
Incorporated in The Netherlands and based in Mountain View, Calif., Elastic says its search technology finds information and insights from large amounts of data, available for a diverse set of applications and use cases.
The Service
Elastic is a search company that equips companies such as Walgreens Boots Alliance, Inc. (WBA), Uber, Adobe Systems Inc., (ADBE) and Sprint Corp. (S).
The company considers search to be foundational to a wide variety of experiences that are facilitated by the company's ability to instantly discover relevant information from large amounts of data.
"When you hail a ride home from work with Uber, Elastic helps power the systems that locate nearby riders and drivers," said Elastic's IPO prospectus. "When you look for a partner on Tinder, Elastic helps power the algorithms that guide you to a match."
Elastic Revenue Up 79%
For the three months ended July 31, Elastic reported revenue of $56.6 million, up 79% from the year-ago period. It had a net loss of $18.6 million in that period, vs. $9.9 million in the previous quarter.
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