AustinStartup

Austin-based chip development firm Wintegra updated their 2006 IPO filing on Friday. The current plan is to raise $115M on a valuation of somewhere between $250M – $500M. The offering will be led by Barclay’s and Deutsche Bank Securities. The people gaining some liquidity from this deal include funds Magma, Concord, and Genesis, chip makers [...]

If you remember over a year ago we wrote about Convio pulling their IPO and turning the corner on profitability at the same time. Today they re-filed for an IPO, although at $57.5M this one is a little bit smaller. I’m sure while this registration was in the works, they had no idea about last [...]

Yes, it was over a year ago that we wrote about SolarWinds filing their S/1 registration statement with the Securities and Exchange Commission. Back then the company was hoping to raise $250M through the offering. A year later the amount of money being raised for the company has been adjust slightly to between $85.5M and [...]

The Rackspace (NASDAQ: RAX) IPO priced, floating 15 million shares at $12.50 per share, netting the company roughly $180M in cash, which is significantly lower than the $400 they hoped to raise. This gives the company a market cap of well over a billion dollars. Noting that good companies don’t go public in bad markets, [...]

Convio, an Austin-based company that provide SaaS CRM software for the non-profit market, is announcing record revenues today which has allowed them to turn the corner on profitabiity. In Q2 the company logged $14.7M in revenue, a 35% increase over the same quarter in 2007. Those sales numbers resulted in $1.3M in operating cash flow.
Almost [...]

Here’s some of the interesting items we’re following:

Connie Loizos over at PEHub blogged about a conversation with former Austinite Mike Maples. In it he talks about the window for investing in social media companies, and what types of deals his new $33M fund is looking at now.
Lori Hawkins at The Statesman had a writeup on [...]

We don’t have a lot of details yet, but San Antonio-based Rackspace stands to raise around $400M with their Initial Public Offering (IPO). They’re taking the same route as Google, in terms of using an auction-style offering to help maximize the funds raised.
The financials are pretty interesting. The company has grown revenues very rapidly in [...]

Soon we will see what SolarWinds thinks their valuation in the marketplace will be. That will require an updating of the S-1 statement. Cruising through the current registration you can definitely find some interesting things. Do you think your overpaid? Underpaid? Here is what the executives at SolarWinds are making, in case you want to [...]

The writing was on the wall for SolarWinds, and now the writing is also on the S/1 statement on file with the Securities and Exchange Commission. JP Morgan, Goldman Sachs, and Lehman Brothers are handling the offering. Not a bad group of underwriters for an Austin IPO. Looking at the numbers, the company  hopes to [...]