By Tom Krazit,
By this point in late 2021, most large enterprise companies have realized they need at least a semblance of a cloud computing strategy. But getting up and running on any of the major cloud vendors is not easy, especially for companies that have been managing their own data centers for a long time.
That task is especially difficult if you want to keep your options open, whether that’s using multiple cloud providers or managing apps across cloud providers and self-managed data centers. Each cloud provider has a slightly different method for accomplishing the same goals, and learning those skills takes time.
With open-source tools like Terraform, Vault, Nomad and others, HashiCorp became one of the most valuable cloud infrastructure startups in recent years because its tools help big businesses build, deploy and managTe applications across multiple operating environments. It sells enterprise-class versions of those projects and will also manage those services for clients, which include some of the biggest companies on the planet.
HashiCorp filed its S-1 statement on Nov. 4, 2021, with plans to trade on the NYSE under the symbol “HCP.” On Nov 29 the company announced plans to offer 15.3 million shares of its common stock at between $68 and $72 per share, the midpoint of which (based on the total number of outstanding shares) would value the company at around $13 billion, more than double its current private valuation of $5.1 billion.
Like most enterprise tech companies at this stage, HashiCorp is not profitable, but it narrowed its loss during the first six months of 2021 compared to the same period last year. One of its biggest challenges will be holding onto customers as nearly everyone in enterprise infrastructure tech chases the same goal, which is why HashiCorp took great pains to emphasize its customer net-retention rate.
Source : preiposwap.com/everything-you-need-to-kn...t-the-hashicorp-ipo/