MuleSoft prices IPO at $17 a share
Here comes the first big enterprise software IPO of the year. MuleSoft, provider of a platform for building application networks, priced shares for its IPO at $17 each, above the projected range of $14 to $16. At that price, the San Francisco-based company should have an initial market capitalization of more than $2 billion.
PVH acquires bra startup True
PVH, the owner of apparel brands like Calvin Klein and Tommy Hilfiger, announced that it will acquire True&Co, an online retailer of bras and intimate apparel that uses a proprietary fit quiz to match customers to the best-fitting products. True, founded in 2012, previously raised about $13 million in venture funding.
VCs move capital into shipping and logistics
Over the past several years, there’s been a big upswing in the amount of capital deployed into upstart logistics, shipping and supply chain management companies. More than a billion dollars went into the space last year, according to a Crunchbase analysis, marking the fifth consecutive year of rising investment.
TechCrunch launches ‘Equity’, a VC-focused podcast
Today we’re excited to announce the launch of ‘Equity’, TechCrunch’s new venture capital-focused Friday morning podcast. Staff writers Katie Roof and Matthew Lynley will host, alongside Crunchbase editor Alex Wilhelm and regular guests from the venture community. The group will tackle topics including massive funding rounds (both down and up), notable acquisitions, interesting IPOs and more. Subscribe on iTunes here.
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