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- Eurobond Talk: Good News and Bad News
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- Facebook IPO 'Conspiracy' Theories Abound
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Cloud Computing: Hot, Hot Hot!
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CNBC Reporter
Another cloud computing
![[cnbc explains]](http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/_News/_CNBC_EXPLAINS/_IMAGES/CNBC_explains_icon1.gif)
IPO today, and it, too, blew the doors out.
Bazaarvoice [BV
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] provides an online customer review platform to brands and retailers, priced at $12, way above the $8-$10 price talk, and is trading over $16 in mid-afternoon.
Two other cloud computing related IPOs have held onto big gains:
1) Brightcove [BCOV
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()
] priced last week at $11, now at $15;
2) Greenway [GWAY
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] priced three weeks ago at $10, trading near $15.
Coming next Thursday night: local business review website YELP (ticker: YELP), looking to price 7.15 m shares at $12-$14. With a market cap of $778 million, they're only floating 12 percent of the company.
A small float may be the smart thing to do, says David Menlo at IPOfinancial.com, if only for the company. "If you have a hot commodity, it primes the pump for higher premiums," he notes. Besides, they can always float more later.
Revenues are tiny: $83 million in 2011, with a loss of $16.9 million. Really. That's it. What's the valuation model? Well, you can use a multiple of revenues (about 10 times), but hey, didn't they do that in the dot-com era?
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Questions? Comments?
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- Hostage to Headlines
- Facebook Analyst Reports All Over the Map
- More Fallout From the Facebook Fiasco
- Facebook and Morgan Stanley's 99 Problems
- Lousy Economic Numbers, but Stocks Hold Up
- Eurobond Talk: Good News and Bad News
- Hopes Fading for Big Announcement From EU Leaders
- European 'Crisis Tennis' Again
- Facebook IPO 'Conspiracy' Theories Abound
- OK, Facebook Is Embarrassing
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