C3.ai’s initial IPO pricing guidance spotlights the public market’s tech appetite
https://techcrunch.com/2020/11/30/c3-ais-initial-ipo-pricing-guidance-spotlights-the-public-markets-tech-appetite/
On the heels of news that DoorDash is targeting an initial IPO valuation up to $27 billion, C3.ai also dropped a new S-1 filing detailing a first-draft guess of what the richly valued company might be worth after its debut.
C3.ai posted an initial IPO price range of $31 to $34 per share, with the company anticipating a sale of 15.5 million shares at that price. The enterprise-focused artificial intelligence company is also selling $100 million of stock at its IPO price to Spring Creek Capital, and another $50 million to Microsoft at the same terms. And there are 2.325 million shares reserved for its underwriters as well.
C3.ai’s initial IPO pricing guidance spotlights the public market’s tech appetite
Nov 30, 2020, 6:49pm UTC
https://techcrunch.com/2020/11/30/c3-ais-initial-ipo-pricing-guidance-spotlights-the-public-markets-tech-appetite/
> On the heels of news that DoorDash is targeting an initial IPO valuation up to $27 billion, C3.ai also dropped a new S-1 filing detailing a first-draft guess of what the richly valued company might be worth after its debut.
> C3.ai posted an initial IPO price range of $31 to $34 per share, with the company anticipating a sale of 15.5 million shares at that price. The enterprise-focused artificial intelligence company is also selling $100 million of stock at its IPO price to Spring Creek Capital, and another $50 million to Microsoft at the same terms. And there are 2.325 million shares reserved for its underwriters as well.