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HashiCorp Priced, Nasdaq: HCP

Provides cloud infrastructure and data center management solutions.

Industry: Technology

Latest Trade: $29.57 +0.42 (+1.4%)

First Day Return: +6.5%

Return from IPO: -63.6%

Industry: Technology

Our foundational technologies solve the core infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Our cloud operating model provides consistent workflows and a standardized approach to automating the critical processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. With our solutions, companies of all sizes and in all industries can accelerate their time to market, reduce their cost of operations, and improve their security and governance of complex infrastructure deployments. Organizations today are undergoing a digital transformation across every business function, driven by competition and ever-increasing consumer expectations. Underlying this digital transformation is a re-platforming of static on-premises infrastructure to dynamic and distributed cloud infrastructure. In this dynamic world, existing procedures are too inefficient to scale with distributed, multi-cloud infrastructure. Inconsistent, fragmented technologies and processes are time consuming and resource intensive to manage, exacerbated by inefficient, linear ticket-driven workflows that cannot facilitate scaled, real-time operations.
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IPO Data
IPO File Date 11/04/2021
Offer Price $80.00
Price Range $68.00 - $72.00
Offer Shares (mm) 15.3
Deal Size ($mm) $1,224
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/08/2021
Offer Price $80.00
Price Range $68.00 - $72.00
Offer Shares (mm) 15.3
Deal Size ($mm) $1,224
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
Goldman Sachs
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Company Data
Headquarters San Francisco, CA, United States
Founded 2013
Employees 1,650
Website www.hashicorp.com

HashiCorp (HCP) Performance