Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

HashiCorp IPO: Serious Player in Multi-Cloud Infrastructure Automation Segment

HashiCorp IPO: Valuation Update. Expecting To Raise $1B+ In The Offering

Liquidity Risk Short Candidates: HashiCorp, Fluence Energy, Rivian Auto, Domo Inc.

Equity Capital Markets

<div class="content-highlight">
<p style="text-align: left;"><a href="https://www.smartkarma.com/entities/hashicorp-inc" target="_blank" data-smartkarma-citation="entities:34919:1" rel="noopener">HashiCorp (HCP US)</a> is getting ready for an IPO in the U.S. HashiCorp is aiming for a valuation of about <a href="https://www.reuters.com/technology/software-company-hashicorp-files-us-ipo-2021-11-04/" target="_blank" rel="noopener">$10 billion to $20 billion. </a>The company has put an IPO placeholder at $100 million but it is likely that the company will raise a lot more money ($1 billion or more) in the IPO. Bloomberg has reported that HashiCorp could be valued at nearly <a href="https://www.bloomberg.com/news/articles/2021-11-04/software-startup-hashicorp-files-for-u-s-ipo" target="_blank" rel="noopener">$20 billion</a>. HashiCorp was last valued at $5.1 billion in 2020 when it raised $175 million in a series E financing. </p>
<p style="text-align: left;"><a href="https://www.smartkarma.com/entities/hashicorp-inc" target="_blank" data-smartkarma-citation="entities:34919:1" rel="noopener">HashiCorp (HCP US)</a> is a U.S. based SaaS company that provides automation of critical work processes involved in delivering applications in the cloud, including infrastructure provisioning, security, networking, and application deployment.</p>
<p style="text-align: left;">Major investors of HashiCorp include Mayfield, <a href="https://www.bloomberg.com/quote/844342Z:US" target="_blank" rel="noopener">Bessemer Venture Partners</a>, <a href="https://www.bloomberg.com/quote/808723Z:US" target="_blank" rel="noopener">GGV Capital</a>, Franklin Templeton and T Rowe Price. The lead underwriters of this IPO include Morgan Stanley, Goldman Sachs, and JP Morgan. </p>
<p style="text-align: left;">This IPO is likely to experience a strong demand due to the strong financials including excellent sales growth and improvement in profit margins combined with investors' increasing preference for high quality SaaS driven software vendors.</p>
</div>


HashiCorp (HCP US) is getting ready for an IPO in the U.S. HashiCorp is aiming for a valuation of about $10 billion to $20 billion. The company has put an IPO placeholder at $100 million but it is likely that the company will raise a lot more money ($1 billion or more) in the IPO. Bloomberg has reported that HashiCorp could be valued at nearly $20 billion. HashiCorp was last valued at $5.1 billion in 2020 when it raised $175 million in a series E financing. 
HashiCorp (HCP US) is a U.S. based SaaS company that provides automation of critical work processes involved in delivering applications in the cloud, including infrastructure provisioning, security, networking, and application deployment.
Major investors of HashiCorp include Mayfield, Bessemer Venture Partners, GGV Capital, Franklin Templeton and T Rowe Price. The lead underwriters of this IPO include Morgan Stanley, Goldman Sachs, and JP Morgan. 
This IPO is likely to experience a strong demand due to the strong financials including excellent sales growth and improvement in profit margins combined with investors' increasing preference for high quality SaaS driven software vendors.


HashiCorp

HashiCorp IPO 미리보기