MOMO News

Hortonworks (+65%), LendingClub (+56%) and New Relic (+48%) all had strong debuts in a week with six tech IPOs, the most in a week since 2000. The three 40%+ first-day pops were the most in a week since September 2013, when FireEye, Rocket Fuel and Benefitfocus all gained 80%+ (only FireEye remains above its offer price). While the three top performers all priced above the range,...read more

Momo, a Chinese location-based meeting and messaging app with 60 million monthly active users, raised $216 million by offering 16 million ADSs at $13.50, the midpoint of the $12.50-$14.50 range. At its offer price, Momo commands a fully diluted market cap of $2.7 billion and an enterprise value of $2.3 billion. Alibaba and 58.com are investing $50 million and $10 million in a...read more

The week ahead: high quality financial and technology IPOs 11 mostly high quality deals are on the IPO calendar to raise $2.7 billion during the week of December 8, 2014. Technology IPOs have been underrepresented in the second half of 2014, representing just 10% (12 IPOs)...read more

Momo, a Chinese location-based meeting and messaging app with 60 million monthly users, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise $216 million by offering 16 million ADSs at a price range of $12.50 to $14.50. At the midpoint of the proposed range, Momo would command a fully diluted market value of $2.7 billion. The company includes...read more