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Weekly Update #180: AppDynamics Files for IPO

EquityZen

Jan 3rd, 2017

AppDynamics files for IPO

AppDynamics looks to be the first venture-backed IPO out of the gates in 2017. The company showed $206 million in revenue for the 12 months ending October 31st, 2016. AppDynamics (ticker: APPD) has a public competitor in NewRelic (ticker: NEWR).

You can read more about AppDynamics' IPO here.

Tom Tunguz, a venture capitalist at Redpoint Ventures, also did some neat side-by-side analysis of APPD vs NEWR. Some highlights:

One thing to note: the press reports APPD's revenue at $150.6M for the last year, however APPD's year end on January 31st, so this number is a bit misleading. If you look at the past 4 quarters (ending with October 31st, 2016), APPD's revenues total $206 million:

(Source: S-1 Filing with SEC)

In other news:

A Newly-Profitable Rent the Runway Raises Another $60 Million (Fortune)
The Ugly Unethical Underside of Silicon Valley (Fortune)
Silicon Valley Is Trying to Reinvent Health Care, Starting in New Jersey (Bloomberg)
31 tech companies that could go public in 2017 (VentureBeat)
Benchmarking AppDynamics S-1 - How 7 Key SaaS Metrics Stack Up (Redpoint Ventures)
Tech IPO drought continued in 2016, but there are signs 2017 could be a blockbuster year (VentureBeat)
Where Are the IPOs? (WSJ.com)

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