Investor Newsletter >

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)

View more newsletters

Join 170,000+ global shareholders and investors on EquityZen

Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Investors must be able to afford the loss of their entire investment. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.

EquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/SIPC member firm.

Equity securities are offered through EquityZen Securities. Check the background of this firm on FINRA’s BrokerCheck.

EquityZen.com is a website operated by EquityZen Inc. ("EquityZen"). By accessing this site and any pages thereof, you agree to be bound by our Terms of Use.
EquityZen and logo are trademarks of EquityZen Inc. Other trademarks are property of their respective owners.
© 2020 EquityZen Inc. All rights reserved.