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Elastic files for an IPO

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Re: Elastic files for an IPO

#2

Post by aventrix »

Interesting. My initial instinct is to compare them to MongoDB which IPO'd about a year ago. They seem to be doing quite well since, but then again, who hasn't in the tech sector?

I will say I very much enjoy Elastic's suite of products, I can't say the same for MonogoDB.

Re: Elastic files for an IPO

#3

Post by trhway »

Interesting that JOBS act took so much care about executive compensation :

"

Implications of Being an Emerging Growth Company

We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting requirements that are otherwise applicable generally to public companies. These reduced reporting requirements include:

the requirement to present only two years of audited financial statements and only two years of related management’s discussion and analysis in this prospectus;

an exemption from compliance with the auditor attestation requirement on the effectiveness of our internal control over financial reporting;

reduced disclosure about our executive compensation arrangements; and

an exemption from the requirements to obtain a non-binding advisory vote on executive compensation or shareholder approval of any golden parachute arrangements."

Re: Elastic files for an IPO

#4

Post by d4l3k »

aventrix wrote: post #2

Interesting. My initial instinct is to compare them to MongoDB which IPO'd about a year ago. They seem to be doing quite well since, but then again, who hasn't in the tech sector? I will say I very much enjoy Elastic's suite of products, I can't say the same for MonogoDB.

To be fair, both MongoDB and Elasticsearch have had serious issues as pointed out via the Jepsen tests.

https://aphyr.com/posts/317-jepsen-elasticsearch

https://aphyr.com/posts/323-jepsen-elasticsearch-1-5-0

Though, all those issues have been fixed for both MongoDB and Elasticsearch so it's not necessarily fair to judge them based off past performance.

https://www.elastic.co/guide/en/elasticsearch/resiliency/cur...

https://www.mongodb.com/mongodb-3.4-passes-jepsen-test

Re: Elastic files for an IPO

#6

Post by xaranke »

d4l3k wrote: post #4
aventrix wrote: post #2

Interesting. My initial instinct is to compare them to MongoDB which IPO'd about a year ago. They seem to be doing quite well since, but then again, who hasn't in the tech sector? I will say I very much enjoy Elastic's suite of products, I can't say the same for MonogoDB.

To be fair, both MongoDB and Elasticsearch have had serious issues as pointed out via the Jepsen tests. https://aphyr.com/posts/317-jepsen-elasticsearch https://aphyr.com/posts/323-jepsen-elasticsearch-1-5-0 Though, all those issues have been fixed for both MongoDB and Elasticsearch so it's not necessarily fair to judge them based off past performance. https://www.elastic.co/guide/en/elasticsearch/resiliency/cur... h…

The results for ElasticSearch are from 2015, curious to see how relevant they are now especially given that the team has been working on addressing these issues in the interim.

Re: Elastic files for an IPO

#7

Post by chadash »

Just to be clear, $100M is what they are looking to raise, not their valuation. Their last valuation was about $700M in 2014, so presumably, they are looking for a valuation that exceeds that, most likely in the low billions.

Re: Elastic files for an IPO

#9

Post by eecc »

trhway wrote: post #3

Interesting that JOBS act took so much care about executive compensation : " Implications of Being an Emerging Growth Company We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting requirements that are otherwise applicable generally to public companies. These reduced reporting req…

I guess it’s clear whose JOB the act is all about ;)

Re: Elastic files for an IPO

#10

Post by tomputer »

Slightly off topic: this quote from the SEC filing document:

"Immediately prior to the completion of this offering, we intend to change our corporate form from a Dutch private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) into a Dutch public limited company (naamloze vennootschap) and change our corporate name from Elastic B.V. to Elastic N.V."

As far as I know, Elasticsearch has no headquarters or offices in The Netherlands. I assume the company is only registered in The Netherlands for tax avoidance.

If my assumption is true, despite that I like their products, this makes me a little sad.

EDIT: my bad. I missed the tab Europe and Asia. They do seem to have an office in Amsterdam.

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