Enterprise AI software maker C3.ai sets terms for $504 million IPO

C3.ai, which provides a SaaS platform for deploying enterprise AI applications, announced terms for its IPO on Monday.

The Redwood City, CA-based company plans to raise $504 million by offering 15.5 million shares at a price range of $31 to $34. Insider BlackRock and new investor Capital Research Global Investors intend to purchase a combined 20% of shares in the offering. Koch Industries and Microsoft intend to purchase a combined $150 million in a concurrent private placement. At the midpoint of the proposed range, C3.ai would command a fully diluted market value of $4.3 billion.

The company provides SaaS applications that enable the rapid deployment of enterprise-scale AI applications on Azure, AWS, the IBM Cloud, Google Cloud Platform, or on-premise. Its two primary families of software solutions include the C3 AI Suite, which is a comprehensive application development and runtime environment that is designed to allow its customers to

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Software Maker UiPath Pick Banks for 2021 IPO

(Bloomberg) — UiPath Inc. is working with advisers on an initial public offering that could take place as soon as the first half of 2021, according to people with knowledge of the matter.



a group of people walking on a sidewalk: Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 2, 2020. New York faced pressure as middle and high schools reopened, infection rates in virus hot spots rose further and the city's bond rating was cut by Moody's.


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Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 2, 2020. New York faced pressure as middle and high schools reopened, infection rates in virus hot spots rose further and the city’s bond rating was cut by Moody’s.

The New York-based software maker that helps companies automate routine processes is working with JPMorgan Chase & Co., Morgan Stanley, Credit Suisse Group AG and Bank of America Corp. on the planned share sale, said the people, who asked not to be identified because the information is private.

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The company’s plans, including the timing of a listing, could still change, the people said. UiPath is also

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C3.ai, machine learning startup backed by software pioneer Tom Siebel, files for IPO

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Tom Siebel, an early employee of database giant Oracle, later a billionaire after selling his eponymous software firm to Oracle, says his new venture, C3, is bigger than either of those.  

C3.ai, the artificial intelligence services company founded by software pioneer Tom Siebel, Friday evening filed for an initial public offering of $100 million worth of its shares, led by investment banks Morgan Stanley, JP Morgan, and Bank of America.

C3 plans to list under the ticker “AI” on The New York Stock Exchange. The number of shares to be offered and the price range for the proposed offering have not yet been determined, C3 said.

Siebel, who was recruited to database giant Oracle in 1983, later founded the eponymous enterprise customer relationship management software firm in 1993. He sold that company to Oracle in 2006 for $5.85 billion, and went on to found C3 in 2009. 

C3 came out

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Chinese video-sharing app Kuaishou files for IPO as new leaders emerge in the industry

  • Short-video and livestreaming app Kuaishou filed for an initial public offering on the Hong Kong Stock Exchange on late Thursday.
  • Analysts say the video apps at the forefront of popularity among Chinese consumers are: ByteDance’s Douyin, the Chinese version of the popular short-video sharing app TikTok, as well as Kuaishou and Bilibili — both backed by Tencent.
  • Average daily active users for Bilibili soared 55% over the 12 months through October, the fastest among 11 major app and social media platforms, according to CNBC analysis of data from app developer services company Aurora Mobile.



a person standing in front of a computer: Sales associates at one of Alibaba-owned InTime's store display products for sale during a livestream.


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Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream.

BEIJING – The fickle Chinese consumer has latched onto a set of new preferences for watching videos, a trend investors and media giants are tapping into.

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Late on Thursday, short-video and livestreaming app Kuaishou filed

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ByteDance Rival Kuaishou Technology Files for Hong Kong IPO

(Bloomberg) — Chinese video-sharing startup Kuaishou Technology filed an application for a Hong Kong initial public offering, raising hopes that the city will continue to see a wave of listings from fast-growing internet companies.



Beijing Kwai Technology Co.'s app Kuaishou, or Kwai, is arranged for a photograph on a smartphone in Hong Kong, China, on Tuesday, Jan. 16, 2018. Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia.


© Bloomberg
Beijing Kwai Technology Co.’s app Kuaishou, or Kwai, is arranged for a photograph on a smartphone in Hong Kong, China, on Tuesday, Jan. 16, 2018. Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia.

Morgan Stanley, Bank of America Corp. and China Renaissance Holdings Ltd. are joint sponsors of the proposed IPO, according to pre-listing documents posted on the Hong Kong stock exchange’s website Thursday. While the filing didn’t provide a fundraising target, people familiar with the matter said in September that the potential share sale could raise as much as $5 billion.

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Ant’s IPO delay represents a bigger concern than U.S. election uncertainty, says investor

  • The abrupt suspension of Ant Group’s initial public offering in Shanghai and Hong Kong has greater impact for Asia than the U.S. election result, according to the CIO of Reyl Singapore, Daryl Liew.
  • Liew’s comments came after the Ant’s record-setting public listing was suspended just days before the stock was set to begin trading in Shanghai and Hong Kong, due to regulatory concerns.



a group of people standing in front of a window: An Alipay logo is seen next to Shanghai office building of Ant Group in Shanghai on November 3, 2020.


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An Alipay logo is seen next to Shanghai office building of Ant Group in Shanghai on November 3, 2020.

SINGAPORE — The abrupt suspension of Ant Group’s initial public offering has a greater immediate impact for Asia than the U.S. election result, according to the chief investment officer of Reyl Singapore, Daryl Liew.

That’s because it might represent a new global trend of tech companies coming under increased regulatory scrutiny, Liew told CNBC on Wednesday. As a result, investors may reevaluate the

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Jack Ma’s Ant IPO Lures $3 Trillion of Bids in Retail Frenzy

(Bloomberg) — The biggest initial public offering of all time has unleashed an investor frenzy for the record books.

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Jack Ma’s Ant Group Co. attracted at least $3 trillion of orders from individual investors for its dual listing in Hong Kong and Shanghai, enough money to buy JPMorgan Chase & Co. 10 times over. Bidding was so intense in Hong Kong that one brokerage’s platform briefly shut down after becoming overwhelmed by orders. Demand for the retail portion in Shanghai exceeded initial supply by more than 870 times.

The stampede is fueling predictions of a first-day pop when Ant is due to start trading on Nov. 5, even as skeptics warn of risks including the U.S. election, tightening regulations in China and rising Covid-19 infections worldwide.

Whether Ant surges or not, the Chinese fintech behemoth’s $35 billion-plus IPO represents a major vote of confidence in a company that

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Airbnb Chooses IPO Venue in Big Win for Nasdaq Over NYSE

(Bloomberg) — Airbnb Inc. has chosen to list its shares on the Nasdaq Global Select Market, its biggest initial public offering since Facebook Inc. in 2012.



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The home-rental company didn’t disclose any further details of its listing plans in a statement Tuesday.

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Nasdaq has a reputation for technology-focused stocks such as software and biotechnology, including high-profile IPOs such as those for Lyft Inc. and Zoom Video Communications Inc. Yet, since the fallout surrounding Facebook’s difficult debut, it has frequently lost the competition for mega IPOs to the New York Stock Exchange, including Uber’s $8.1 billion listing last year and Snowflake Inc.’s $3.86 billion offering.

A representative for Airbnb declined to comment beyond the statement.

Airbnb said in August that it had filed confidentially with the U.S. Securities and Exchange Commission for an IPO. The company will seek to raise as much as $3 billion in an

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Ant Group IPO shows power of mobile payments in China

China’s Ant Group — the Alibaba spinoff behind the ubiquitous blue QR payment codes across the world’s second-largest economy — announced plans on Monday to raise more than $34 billion in a joint listing across Shanghai and Hong Kong. This would trounce last year’s listing of oil titan Saudi Aramco, the reigning IPO champion.

Mobile payments have replaced cash and credit cards in China as the preferred payment method, thanks to easy-to-use apps made by Ant Group and its closest rival, Tencent. Ant Group’s Alipay and Tencent’s WeChat Pay are similar in spirit to wildly popular U.S. stock trading app Robinhood, in that they are user-friendly enough that anyone with a smartphone and bank account can make complicated financial transactions with a click or swipe.

It’s the second time that Alibaba’s founder, Jack Ma, is seeing one of his companies attain the status of biggest IPO in history. Alibaba, the

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Ant Group IPO To Rocket Alibaba Founder Jack Ma’s Wealth

Chinese tech titan Jack Ma is set to become the world’s 11th richest person after the financial arm of his e-commerce titan Alibaba raises billions in a mammoth public listing, according to the Bloomberg News.

Ant Group said Monday it plans to raise $34 billion in a listing shared between Hong Kong and Shanghai — making it the biggest IPO in history.

The e-payments behemoth, which runs China’s dominant online payment system Alipay, plans to sell 1.67 billion shares at HK$80 ($10.30) each in Hong Kong from Tuesday.

Ant Group’s split float would exceed the $29 billion chalked up by Saudi Aramco in December, a high-profile win for a Chinese company during a period of bad headlines for mainland tech firms as Beijing and Washington face off on a number of fronts.

According to Bloomberg former English teacher Ma’s 8.8 percent stake in Ant is worth $27.4 billion based on

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