Cloud infrastructure platform HashiCorp plans to be listed on Nasdaq on December 9, Eastern Time, with the stock code HCP. The company will issue 15.3 million shares at $80 per share, raising $1.2 billion, exceeding the previously planned range ($68 to $72 per share).
According to Bloomberg News, based on the IPO price, HashiCorp's market value is approximately $14 billion, considering employee stock options and restricted stock units, the company's fully diluted value may reach $16 billion.
In 2020, HashiCorp was valued at $5.1 billion in the previous private market round. Its top investors are venture capital firms Mayfield and GGV Capital. Morgan Stanley, Goldman Sachs, JP Morgan Chase, Bank of America Securities, and Citi are the joint underwriters for this transaction.
Business Overview
Cloud infrastructure automation company $HashiCorp (HCP.US)$ Established in 2012, headquartered in San Francisco, it enables organizations to adopt consistent workflows to configure, secure, connect, and run any infrastructure for any application.
The management is led by Chairman and CEO David McJannet, who has been with the company since July 2016 and previously served as Vice President of Marketing at GitHub.
HashiCorp's open-source toolset includes Vagrant, Packer, Terraform, Vault, Consul, and Nomad, all of which empower users in developing, deploying, and maintaining cloud infrastructure.