Congratulations! The IPO is a confirmation of what many of us in this field already knew: Hashicorp makes amazing tools. I love Consul so much. I'm glad the larger world will appreciate the great work Hashicorp has done as well.
HashiCorp – S1
51–60 of 277 posts
Re: HashiCorp – S1
#52Would be great if someone with knowledge on how to read an S1 could help me figure out these two basic questions: What percentage of the company gets sold in the IPO? And does that money go into the company or does it go to existing shareholders?
The PO in IPO is public offering, meaning new shares are created. So generally speaking, the amount raised goes to the company. Dilution is a factor of what's raised and the vaulation. If you raise a 10% round, you dilute by 10%, so 10% is sold. It varies by company and preference. Existing shareholders can typically sell after the lockup (for common share holders, like founders and employees) and at any time (for preferred share holders, whose shares convert into unrestricted common shares as part of the IPO).
Re: HashiCorp – S1
#53Earlier quoted context omitted.
Usually within 3-6 months, depending on how many rounds of comments the SEC has.
Way too long. Less than a month after filing S-1. Company already went through the rounds with SEC confidentially. Source: wife is c-suite and took company through ipo in the last year.
my guess is early Dec
Re: HashiCorp – S1
#54Congrats to the team! Slightly off-topic, if I wanted to buy some HashiCorp's stocks as a non-US resident, what would be my best options? Any good services allowing me to do that somehow, legally and easily?
Find a broker/platform in your country that lets you trade in the stock market they are listing on (if UK then IG and Hargreaves Lansdown are good), join, fill out the W-8BEN so you are able to buy US stock through the platform (they usually make this a 2 minute job) and then place an order when it’s live. You’ll be paying more than the true IPO price as the bank etc get preferential rates I believe but it’s as good as you’ll get
Re: HashiCorp – S1
#55It's fascinating to see so many IPOs happen in the past two years. Apparently there have been more IPOs in the past two years than 2014-2019 combined ( https://stockanalysis.com/ipos/statistics/ ) in spite of the pandemic. I guess it's because there's just so much money swishing around - why not?
The VCs need their exits to pay their funders back and the markets are very “hungry” at the moment so they are cashing out the only route they have available
Re: HashiCorp – S1
#56Holly mother of God. Mitchell was still on HN yesterday, as he was replying something about Backblaze IPO and its business. Today it is his IPO, $259 million revenue. 2100+ Customers, 1500+ employees, $10 Billion Valuation......... I mean I felt it wasn't that long ago Vagrant was "the" tool for the job. How it all started, the submission on HN [1], quote: > This project has been the love child of myself and John Ben…
Where can I see $10B valuation to confirm?
Re: HashiCorp – S1
#57When HashiCorp first got announced I thought "How is he going to make a company out of Vagrant?" I was definitely wrong and on my own projects I'm using lots of their products from packer to nomad. Super cool to see someone/people create something like HashiCorp out of what I originally thought would be a single product.
Re: HashiCorp – S1
#58It's fascinating to see so many IPOs happen in the past two years. Apparently there have been more IPOs in the past two years than 2014-2019 combined ( https://stockanalysis.com/ipos/statistics/ ) in spite of the pandemic. I guess it's because there's just so much money swishing around - why not?
I believe the surge in IPOs isn't in spite of the pandemic but because of the pandemic.
Re: HashiCorp – S1
#59It's fascinating to see so many IPOs happen in the past two years. Apparently there have been more IPOs in the past two years than 2014-2019 combined ( https://stockanalysis.com/ipos/statistics/ ) in spite of the pandemic. I guess it's because there's just so much money swishing around - why not?
dotcom bubble started with many IPOs
Re: HashiCorp – S1
#60Earlier quoted context omitted.
Almost certainly
why he stepped down as CEO, then CTO and now IC?
If I was to guess, he wants to write code and he started the company so he could write code. He just had to do those jobs along the way to get to the point where he could just focus on writing code and solving problems.