The HashiCorp IPO intends to shoot the narrows between Thanksgiving and Christmas, with its first IPO pricing interval set to give it among the richest valuations of any technology company with a strong open source component to its core business.
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In a recent S-1/A filing, the cloud infra management company indicated that it expects to sell shares in its public offering at a range of
Let’s talk about HashiCorp’s IPO valuation range, as well as how it stacks up to other public tech companies with robust revenue multiples.
HashiCorp’s IPO valuation at its current range can be calculated in one of two ways. The first employs a simple share count, or the number of shares that are currently anticipated to be outstanding after its debut. The second is a fully diluted share count, which includes shares that have been earned through options but not yet turned from pledges into shares.
The company expects to have 178,895,570 shares of Class A and B stock in circulation after its IPO. HashiCorp’s simple IPO share count rises to 181,190,570 if we count shares reserved for its underwriting entities.
Using the latter figure, at a
However, on a fully diluted basis, the company’s value is much higher. Per Renaissance Capital, at \)">70 per share, HashiCorp’s IPO, inclusive of a broader share count, would value it at
The Exchange explores startups, markets and money.
Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.
In a recent S-1/A filing, the cloud infra management company indicated that it expects to sell shares in its public offering at a range of
Let’s talk about HashiCorp’s IPO valuation range, as well as how it stacks up to other public tech companies with robust revenue multiples.
What’s HashiCorp worth?
HashiCorp’s IPO valuation at its current range can be calculated in one of two ways. The first employs a simple share count, or the number of shares that are currently anticipated to be outstanding after its debut. The second is a fully diluted share count, which includes shares that have been earned through options but not yet turned from pledges into shares.
The company expects to have 178,895,570 shares of Class A and B stock in circulation after its IPO. HashiCorp’s simple IPO share count rises to 181,190,570 if we count shares reserved for its underwriting entities.
Using the latter figure, at a
However, on a fully diluted basis, the company’s value is much higher. Per Renaissance Capital, at \)">70 per share, HashiCorp’s IPO, inclusive of a broader share count, would value it at