Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

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<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>
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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.


United States

HashiCorp, Inc. operates as a software company. The Company provides open-source tools and commercial products that enable developers, operators and security professionals to provision, secure, run, and connect cloud-computing infrastructure. HashiCorp serves customers worldwide.

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HashiCorp IPO Preview

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.

Douglas Kim