It was a busy week in IPO activity, as a number of highly anticipated soon to be public companies came forward with details about their upcoming offerings. Peer-to-peer loan originator Lending Club announced it expects to raise over $500 million through the sale of 57.7 million shares. When it goes public, it will do so on the NYSE under the LC ticker symbol.
Lending Club competitor, OnDeck, made its own amended SEC filing public Thursday. The New York-based company expects to sell 10 million shares for between $16 and $18, while an additional 1.5 million shares available for sale to its underwriters (led by Morgan Stanley) could push the total raise to as much as $207 million.
Hortonworks lowered expectations regarding its estimated raise on Monday. After filing an S-1 that suggested the company would seek $100 million in an IPO, its updated investor prospectus says the company will sell 6 million shares in the $12 to $14 range, a potential $84 million windfall at the high end. The update comes only weeks after Hortonworks became the first of several Hadoop vendors likely to file for an IPO.
The Chinese mobile social network Momo will reportedly sell 16 million shares for between $12.50 and $14.50 in an offering that will be led by Morgan Stanley. Momo, whose shareholders include Alibaba and Sequoia Capital, will list on Nasdaq.
New Relic, a San Francisco-based developer tools and management company, plans to sell 5 million shares for between $18 and $20.
Microsoft will pay $200 million to acquire Acompli, an email enhancement mobile application company. The app will continue to support other services, like Gmail and iCloud after the acquisition is completed. According to a blog post by Acompli CEO Javier Soltero, communication between his company and Microsoft began almost immediately after Acompli was launched, in early 2013.
Intel announced that it had acquired PasswordBox, a Canadian Internet security company. The PasswordBox application, which has been downloaded 14 million times, allows users to manage their passwords across a wide range of online platforms. The deal marks Intel’s latest push into digital personal security. In January, the world’s largest chipmaker rebranded McAfee, which it acquired for $7.7 billion in 2011, as Intel Security. All 48 of PasswordBox’s employees will join the unit when the deal is finalized. “We share Intel Security’s vision of simple, secure access and identity protection across all platforms and devices,” said PasswordBox CEO Daniel Robichaud in a statement. Acquisition terms were not disclosed.
Airbnb meanwhile has acquired Pencil Labs, the Cambridge, Mass.-based company behind the Wyth scheduling mobile application for an undisclosed amount. Pencil Labs was backed in 2013 by Charles River Ventures and Matrix Partners.