Earlier, Williams delivered a speech in which he said, "It's better to take preventative measures than to wait for disaster to unfold."The Fedread more
The country's Revolutionary Guards say they will soon releasePoliticsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Market researcher James Bianco believes it's crucial to get a half point cut at the next Federal Reserve meeting.Trading Nationread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
President Trump said he's looking at the JEDI contract that will be awarded to Microsoft or Amazon.Technologyread more
Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
Software company Appian hit the public market on Thursday with a $75 million initial public offering, amid a resurgence of technology IPOs.
Shares closed more than 25 percent higher on Thursday at just over $15 a share.
The enterprise tech firm priced its 6.25 million share offering at $12 per share, in line with the expected range of $11 per share to $13 per share. Shares were listed on the Nasdaq Global Market under the symbol APPN.
Appian helps make it easier for companies to build unique applications and automate their businesses with a "low-code" development software platform. Its 280 clients include 37 Fortune 500 companies, and a sizable chunk of federal agencies, according to Appian's regulatory filings.
The company, backed by investors like Novak Biddle Venture Partners, posted revenue of $132.9 million last year, up from $111.2 million in 2015. But overall, the business ended the year with a net loss of $12.5 million, wider than the $7 million loss the prior year.
Appian's main rivals are Salesforce and ServiceNow, both established players in the enterprise technology arena — a risk to Appian's profitability. Another risk is that the company's federal government clients could see funding cuts and terminate their contracts, Appian said.
Appian's the latest in a string of enterprise technology companies — including Cloudera, MuleSoft, Yext, Okta and Alteryx — to go public this year, after a dearth of IPOs in 2016. There have been 62 IPOs of $50 million market capitalization or more priced in the U.S. this year, a 100 percent increase from last year, according to Renaissance Capital research.