In the latest sign that investors are taking a tougher stance toward new companies listing their shares, Tintri, a Mountain View storage-hardware business, postponed a public offering planned for Thursday by a day and cut the price range for the stock sale.“Investors didn’t really line up to own this,” said Kathleen Smith, a principal analyst at Renaissance Capital, a manager of IPO-focused exchange traded funds.Rick Ehrhart, a developer evangelist, posted a photo of himself Monday on Twitter smiling and wearing a T-shirt printed with the company’s planned Nasdaq ticker symbol, TNTR, and the expected date, “6.29.17.”Sumedh Sakdeo, a senior staff engineer, posted a photo of colleagues at an airport Wednesday morning: “Folks ready to board the plane to NY!” Sakdeo deleted the tweet Thursday.In 2014, Box postponed its offering in the face of unfavorable market conditions; it did not go public until January 2015.In January, Cisco, the San Jose networking giant, agreed to buy San Francisco’s AppDynamics on the eve of its scheduled offering, after executives had already flown to New York to celebrate the listing of its shares.Sales and marketing expenses accounted for more than half of its operating costs.Tintri faces “intense competition” from established companies such as Nutanix, NetApp, IBM and VMware, according to a prospectus filed with the Securities and Exchange Commission.
NYS Entity Status
NYS Filing Date
JUNE 24, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - FOLK CONSTRUCTION MANAGEMENT LTD
AROUND THE WEB
- Tintri delays IPO planned for Thursday, reduces offering price
By Trisha Thadani - Thursday Jun 29, 2017
- Actor James Cromwell to report to jail for plant protest
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WAWAYANDA, N.Y. (AP) — Oscar-nominated actor James Cromwell is heading to jail in New York for blocking traffic to protest a power plant.A town judge sentenced the 77-year-old Cromwell and two fellow protesters to a week in the Orange County Jail for civil disobedience at the construction site of a 650-megawatt natural gas-fired power plant in December 2015.
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In Is Your Website Driving Away Your Best Folks? I warned of the danger relying on ‘vanity metrics’ like ‘page views’ or ‘time on site’. In fact, the use of ‘vanity metrics’ is problematic in our trade far beyond the online world. So, I thought it would be helpful to cover the ‘metrics’ topic in more […]