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HashiCorp IPO today

hashicorp.com

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Re: HashiCorp IPO today

#31

Post by ralph84 »

matwood wrote: post #21
khazhoux wrote: post #8

Earlier quoted context omitted.

My understanding is that an IPO bump is good for optics, and good for underwriters, but bad for company itself (money left on table). Is that right?

In pure dollars leaving too much on the table is bad, but a nice IPO bump is free marketing for the company. A 20-30% bump means it'll lead in a bunch of news stories, and create some buzz around the company. Of course, this might be less important for a non-consumer oriented company.

At their valuation 20-30% is literally billions of dollars. You can buy a lot of ads with a billion dollars.

Re: HashiCorp IPO today

#32

Post by mywittyname »

altdataseller wrote: post #11

Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?

There are benefits to Terraform, even at basic levels. You can version control infrastructure, check if manual changes have been made, and quickly spin up new, identical environments from the same configurations.

Yes, there are alternative ways of accomplishing this, but simple config files that can be easily validated and used to check against current infrastructure is an ideal way to do this.

Before Terraform, I worked on a team that built what was basically terraform. It's just a natural, obvious, and effective way of managing cloud infrastructure.

Re: HashiCorp IPO today

#33

Post by whimsicalism »

matwood wrote: post #21
khazhoux wrote: post #8

Earlier quoted context omitted.

My understanding is that an IPO bump is good for optics, and good for underwriters, but bad for company itself (money left on table). Is that right?

In pure dollars leaving too much on the table is bad, but a nice IPO bump is free marketing for the company. A 20-30% bump means it'll lead in a bunch of news stories, and create some buzz around the company. Of course, this might be less important for a non-consumer oriented company.

did you say anything new that the above comment didn't?

Re: HashiCorp IPO today

#34

Post by dominotw »

mywittyname wrote: post #32
altdataseller wrote: post #11

Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?

There are benefits to Terraform, even at basic levels. You can version control infrastructure, check if manual changes have been made, and quickly spin up new, identical environments from the same configurations. Yes, there are alternative ways of accomplishing this, but simple config files that can be easily validated and used to check against current infrastructure is an ideal way to do this. Before Terraform, I wo…

i think gp is asking about 'as a service' part.

Re: HashiCorp IPO today

#35

Post by jakub_g »

Question to EU folks: do you see HCP at your stock broker?

Out of curiosity, I checked the two stock brokers I have accounts with (Revolut and DeGiro), and it's not there yet.

Do you know what EU (or French) brokers have the Nasdaq companies on the day of IPO?

Re: HashiCorp IPO today

#36

Post by zaphar »

Moto7451 wrote: post #24
ghaff wrote: post #15

Earlier quoted context omitted.

That seems… cynical. The sorts of processes and. Management needed for a larger company are different than those at a small one. You need more process. There’s no way around it.

And a lot of it is driven by compliance obligations as a public company. If you don’t want SOX work and processes, don’t go public (or work at a startup that’s about to go public). If you don’t want SOC2 work, don’t go after large companies.

SOX work can be such a shock to a company the first time around. Because many of the systems have not had to meet these obligations before they typically aren't built in a way to control scope and SOX tends to bleed into places where it seems like it really shouldn't.

Those systems and processes are critical to staying out of trouble with the law after going public.

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