ESTC News

Despite the market sell-off, the October IPO market was relatively active with 22 deals, and strong returns. The month's best-performing IPOs were relatively...read more

Despite the broad market sell-off, the IPO market is on pace for the most active October since 2014. And the average return for this month's deals is an impressive 16.1%. In October, 19 companies have raised $4.4 billion, with up to three more listings by month-end. ...read more

Four IPOs raised $767 million. Even as the broader IPO market traded off, all four companies this week were positive and three popped 40% or more. Big data software provider Elastic (ESTC) priced well above its range and flew up 94%. With almost $200 million in sales, Elastic's 79% growth puts it in a rare echelon of software companies. Freelancer marketplace...read more

Elastic, which provides open-source data search and visualization software, raised $252 million by offering 7 million shares at $36, above the upwardly-revised range of $33 to $35. Elastic plans to list on the NYSE under the symbol ESTC. Goldman Sachs, J.P. Morgan, Barclays, RBC Capital Markets, BofA Merrill Lynch, Citi and Jefferies acted as lead managers on the deal....read more