The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Stocks in Asia slipped in Tuesday afternoon trade, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
PagerDuty, whose software helps companies respond quickly when their websites go down, is preparing to hit the public markets.
The company filed its IPO prospectus on Friday, and plans to trade on the New York Stock Exchange under the symbol "PD."
By today's standards, PagerDuty is small for a software company at the time of IPO. The company generated $32.1 million in the quarter that ended Oct. 31, and had a net loss of $15.3 million. And for the year ended Jan. 31, 2018, sales rose 41 percent to $79.6 million.
PagerDuty has over 10,000 customer, including, Gap, GE, IBM and Netflix, according to its website. Competitors include Atlassian and Splunk, which have both acquired their way into the market. PagerDuty's software helps technical staff at companies spot problems and respond to incidents such as customer complaints.
Morgan Stanley and J.P. Morgan Chase are among the banks leading the deal. Investors include Accel, Andreessen Horowitz, Baseline Ventures and Bessemer Venture Partners. T. Rowe Price Group led a $90 million investment in PagerDuty in September at a $1.3 billion valuation.
The company was founded in 2009 and is based in San Francisco. Last year several technology companies started trading on the public markets, including Dropbox, DocuSign and Zuora. Lyft filed to go public earlier this month, and Uber, Airbnb, Pinterest and Slack are among other big names that investors could see debut this year.
The filing says PagerDuty is looking to raise as much as $100 million in the IPO.