HashiCorp's IPO Will Place It Among the Most Richly Valued Open Source Tech Companies (techcrunch.com) 26
An anonymous reader quotes a report from TechCrunch: The HashiCorp IPO intends to shoot the narrows between Thanksgiving and Christmas, with its first IPO pricing interval set to give it among the richest valuations of any technology company with a strong open source component to its core business. In a recent S-1/A filing, the cloud infra management company indicated that it expects to sell shares in its public offering at a range of $68 to $72 apiece. That interval could move, of course, before the company prices. Nubank, for example, reduced its IPO price range this week ahead of its anticipated debut.
HashiCorp's IPO valuation at its current range can be calculated in one of two ways. The first employs a simple share count, or the number of shares that are currently anticipated to be outstanding after its debut. The second is a fully diluted share count, which includes shares that have been earned through options but not yet turned from pledges into shares. The company expects to have 178,895,570 shares of Class A and B stock in circulation after its IPO. HashiCorp's simple IPO share count rises to 181,190,570 if we count shares reserved for its underwriting entities. Using the latter figure, at a $68 to $72 per-share IPO price interval, HashiCorp would be worth between $12.3 billion and $13.0 billion. However, on a fully diluted basis, the company's value is much higher. Per Renaissance Capital, at $70 per share, HashiCorp's IPO, inclusive of a broader share count, would value it at $14.2 billion. Converting that to $72 per share, the company could be worth as much as $14.6 billion. The unicorn was last valued at around $5 billion in March 2020, meaning its IPO pricing looks set to be a win.
HashiCorp's IPO valuation at its current range can be calculated in one of two ways. The first employs a simple share count, or the number of shares that are currently anticipated to be outstanding after its debut. The second is a fully diluted share count, which includes shares that have been earned through options but not yet turned from pledges into shares. The company expects to have 178,895,570 shares of Class A and B stock in circulation after its IPO. HashiCorp's simple IPO share count rises to 181,190,570 if we count shares reserved for its underwriting entities. Using the latter figure, at a $68 to $72 per-share IPO price interval, HashiCorp would be worth between $12.3 billion and $13.0 billion. However, on a fully diluted basis, the company's value is much higher. Per Renaissance Capital, at $70 per share, HashiCorp's IPO, inclusive of a broader share count, would value it at $14.2 billion. Converting that to $72 per share, the company could be worth as much as $14.6 billion. The unicorn was last valued at around $5 billion in March 2020, meaning its IPO pricing looks set to be a win.
Uhm, No (Score:2)
Lots of big tech companies have "a strong open source component" to their core business. Especially other cloud providers.
IBM, for example, just spun off their legacy IT infrastructure business, and are now primarily a hybrid cloud company, and many of the tools they provide are open source. In hybrid cloud, the goal is to sell the customer on portability, rather than lock-in, so a lot of the tools are Apache 2 licensed so that you can integrate without fear.
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having finally made the switch to centos 8 stream, i'm wondering what the big deal is. you can still peg in time to a certain release. the difference is that you, the user, is responsible for the maintenance of the package mirror. maybe there is a lack of tooling around rpm mirror management? but nothing a few orchestration scripts wouldn't solve.
i'm also catching vibes of rhel6 -> rhel7 upgrades. where the community went apeshit over rhel6 being discontinued but its because old software still needed
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Hashicorp?
Sounds like a brand of candy...or a toy.
"HEY KIDS, you need to buy the brand new Hasbro "Hashicorp"....just in time for Christmas!!"
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"hashi" means "bridge" according to the goog
Maybe it doesn't sound stupid to most of the people on the planet.
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I thought it sounded like Apple's new crypto venture: Hash-iCorp.
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Maybe the name is based on what the executives are smoking:
https://en.wikipedia.org/wiki/... [wikipedia.org]
What the heck is Hashicorp ? (Score:3, Insightful)
Sorry never heard of it, and the summary and article both don't say what it does except technology. Technology can be anything from the wheel to quantum devices.
Re: What the heck is Hashicorp ? (Score:5, Informative)
Re: What the heck is Hashicorp ? (Score:2)
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Terraform alone is probably responsible for the lions share of all (competent) cloud infrastructure created in the last 5 years (across just about any half-decent cloud providers). Sure, a load of people cobble stuff together with mouse clicks and a bit of CloudFormation, but honestly, if you want to be vaguely serious about your cloud deployment, you're using Terraform to do it.
Hashicorp Vault has its place in a lot of estates too - it does complicated cryptography and clustering really well - it's actuall
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Their stuff is a big deal, but I'd never heard the name of the company behind them before my google just now.
Did you never read their documentation? HashiCorp branding is all over that.
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Love their cereal (Score:2)
Especially the Toasted Berry Crisp.
Sean Chittenden also of FreeBSD and PostgreSQL (Score:2)
Don't know if this is exactly current, because nothing on the internet has a reliable publication date any more (recentism is the latest stupid fad).
Typical shit low content Dicedot post (Score:2, Insightful)
Summary is not informative. DIAF you lazy fucks. The way Slashdot is currently run with utter indifference to quality is beneath respect.
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Relax man. It's just the new way of working. You read the summary, you Google the company so you know what the heck it is about, and then tomorrow when msmash reposts the story we can all discuss it in detail fully informed. :-)
hmmmm (Score:3)
Why the fuck is Slashdot pumping IPOs? (Score:2)
We'll know the valuation after the IPO, no need to speculate. This smacks of Slashdot getting paid to pump the stock.