HUBS News

Upland Software (UPLD), which offers a suite of acquired cloud-based enterprise work management software, dropped 19% on its debut, giving it the 10th worst first day performance for a technology IPO in the past 10 years. Upland priced at the low end of the range and raised $46 million. Other 2014 tech IPOs have typically seen a first-day spike (group averages 25% on the...read more

7 IPOs collectively raised just over $1 billion in a volatile week for stocks. The IPO market has seen 223 deals year-to-date, surpassing 2014's full-year post-bubble record of 222 (post to Twitter). Marketing SaaS provider HubSpot (HUBS) was the only IPO to price above the midpoint, and it and Diplomat Pharmacy (DPLO) posted the top returns for...read more

Three of the five IPOs on Thursday ended below their offer price as the group averaged -3%, signaling choppy waters in the IPO market. MOL Global loses 35% on its debut and two more IPOs break issue MOL Global (MOLG), a Malaysian provider of online payment services mainly used for game credits, priced at the low end of its proposed range and plummeted 35%, giving it...read more

HubSpot, which provides a cloud-based marketing automation platform to SMBs, raised $125 million by offering 5 million shares at $25, above the upwardly revised range of $22 to $24. HubSpot plans to list on the NYSE under the symbol HUBS. HubSpot initially filed confidentially on 3/28/2014. Morgan Stanley, J.P. Morgan and UBS Investment Bank acted as lead managers on the deal....read more