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IPOs in Silicon Valley Set for Big Week

December 5, 2014

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Holiday IPOs

Three Bay Area technology companies planning to go public next week recently amended S-1 filings in preparation for their IPOs. LendingClub (LC), the peer-to-peer loan company based in San Francisco, is seeking to become to the second largest tech initial public offering of the year behind only Alibaba Group. While not expected to raise nearly the amount of LendingClub through their offerings, Hortonworks (HDP) and New Relic (NEWR) are two notable Bay Area startups that are also expected to go forward with their IPOs next week.

LendingClub, is hoping to raise upwards of $929.0 million through its offering with shares priced between $12 and $14. Monday’s prospectus indicates that CEO Renaud Laplanche will own 4.1% of the company following the IPO, which stands to be valued at $204,737,290 based upon the $13.00 midpoint of the company’s offering.

Hortonworks, a big data company based in Palo Alto, is seeking to raise approximately $96.6 million through its upcoming IPO. Monday’s filing indicated that CEO Robert Bearden’s equity interest, amounting to 5.7% of the company, will be valued $34,171,411 based on the $13.00 midpoint of the offering.

New Relic, an enterprise software management company also based in San Francisco, is looking to raise $126.5 million through its IPO with shares pricing between $20 and $22 each. Upon the offering, CEO Lewis Cirne is expected to own 24.2% of the company, which is valued at $236,093,504 based upon its price range midpoint of $21.00.