In a rare move, venture firm NEA made the hugely profitable call to hold its MuleSoft shares after IPO lockup
https://www.cnbc.com/2018/03/21/venture-firm-nea-held-mulesoft-after-ipo-profited-in-salesforce-deal.html
Six months ago, venture capital firm New Enterprise Associates had the opportunity to start selling shares in software vendor MuleSoft, with the post-IPO lockup period coming to an end. The firm opted to hold.
With Salesforce's agreement on Tuesday to acquire MuleSoft for $6.5 billion, NEA's decision turned what was a $340 million stake in September into a $723 million position at the time of the announcement.
In a rare move, venture firm NEA made the hugely profitable call to hold its MuleSoft shares after IPO lockup
Mar 21, 2018, 6:34pm UTC
https://www.cnbc.com/2018/03/21/venture-firm-nea-held-mulesoft-after-ipo-profited-in-salesforce-deal.html
>Six months ago, venture capital firm New Enterprise Associates had the opportunity to start selling shares in software vendor MuleSoft, with the post-IPO lockup period coming to an end. The firm opted to hold.
>With Salesforce's agreement on Tuesday to acquire MuleSoft for $6.5 billion, NEA's decision turned what was a $340 million stake in September into a $723 million position at the time of the announcement.