SalesForce.com - Billion $ Valuation On Their IPO - GoFuckYourself.com

KRL · 06-23-2004, 05:51 AM

They only net about $3.5 Mil and they're valued at $1.1 Bil.

Nice ratio!

Salesforce.com Prices IPO at $11 a Share

SAN FRANCISCO - Online software pioneer Salesforce.com Inc. priced its closely watched IPO at $11 per share Tuesday, raising $110 million, or 38 percent more than the company originally anticipated.

The robust demand for Salesforce.com's initial public offering of 10 million shares represents the latest sign of investors' renewed interest in taking risks on young companies.

The San Francisco-based company set an $8-per-share price target in April, then raised the goal to $9.50 per share earlier Tuesday before the deal's investment bankers, led by Morgan Stanley, capitalized on the strong demand to raise even more money.

The final IPO price values Salesforce.com at $1.1 billion after just five years in business. The company's shares will make their trading debut Wednesday on the New York Stock Exchange under the ticker symbol, "CRM" ? a shorthand reference to the "customer relationship management" software made by the company.

The long wait paid off for 39-year-old Benioff, whose 27.8 percent stake in Salesforce.com is worth $310 million. Benioff cashed in some of his stock just before the company filed its IPO plans, realizing a $16 million gain by selling 2 million shares at $8 apiece.

Investors' willingness to ante up for Salesforce.com's shares provides further momentum for the resurgent IPO market.

Through April, Salesforce.com had 147,000 subscribers, helping the company earn $3.5 million on revenue of $96 million in its last fiscal year ending in January. The profit included a $3.4 million gain from the reversal of an earlier charge for abandoning an office lease.

strobi · 06-23-2004, 05:53 AM

one to watch!!

swoop · 06-23-2004, 05:53 AM

Read this last night, wonder what the Google IPO will be set at?

KRL · 06-23-2004, 05:55 AM

Quote:

Originally posted by swoop
Read this last night, wonder what the Google IPO will be set at?

The highest figure I've heard from any of the analysts is $70 Billion.

Phoenix · 06-23-2004, 06:12 AM

if all thee chumps can go public with something and get paid..i think anyone can.

that will be my next goal in life after i make six zeroes here, i want to bring something public.

maxjohan · 06-23-2004, 06:15 AM

Quote:

Originally posted by KRL
The long wait paid off for 39-year-old Benioff, whose 27.8 percent stake in Salesforce.com is worth $310 million. Benioff cashed in some of his stock just before the company filed its IPO plans, realizing a $16 million gain by selling 2 million shares at $8 apiece.

how can he have so many stocks when they will be doing there debut on wednsday?

maxjohan · 06-23-2004, 06:17 AM

Quote:

Originally posted by Phoenix
if all thee chumps can go public with something and get paid..i think anyone can.

that will be my next goal in life after i make six zeroes here, i want to bring something public.

BlueDesignStudios · 06-23-2004, 06:25 AM

Quote:

Originally posted by maxjohan
how can he have so many stocks when they will be doing there debut on wednsday?

you can still have stocks in a company if it's privatly owned

Rick Latona · 06-23-2004, 06:39 AM

Quote:

Originally posted by KRL
They only net about $3.5 Mil and they're valued at $1.1 Bil.

Nice ratio!

Salesforce.com Prices IPO at $11 a Share

SAN FRANCISCO - Online software pioneer Salesforce.com Inc. priced its closely watched IPO at $11 per share Tuesday, raising $110 million, or 38 percent more than the company originally anticipated.

The robust demand for Salesforce.com's initial public offering of 10 million shares represents the latest sign of investors' renewed interest in taking risks on young companies.

The San Francisco-based company set an $8-per-share price target in April, then raised the goal to $9.50 per share earlier Tuesday before the deal's investment bankers, led by Morgan Stanley, capitalized on the strong demand to raise even more money.

The final IPO price values Salesforce.com at $1.1 billion after just five years in business. The company's shares will make their trading debut Wednesday on the New York Stock Exchange under the ticker symbol, "CRM" ? a shorthand reference to the "customer relationship management" software made by the company.

The long wait paid off for 39-year-old Benioff, whose 27.8 percent stake in Salesforce.com is worth $310 million. Benioff cashed in some of his stock just before the company filed its IPO plans, realizing a $16 million gain by selling 2 million shares at $8 apiece.

Investors' willingness to ante up for Salesforce.com's shares provides further momentum for the resurgent IPO market.

Through April, Salesforce.com had 147,000 subscribers, helping the company earn $3.5 million on revenue of $96 million in its last fiscal year ending in January. The profit included a $3.4 million gain from the reversal of an earlier charge for abandoning an office lease.

It's not that they only net 3.5 million. They did nearly 100 million in revenue last year and they will be capitalized with over 150 million dollars after going out. Considering that they have significant competitive advantages in the market place they are a strong company.

The ASP model works. As I stated in my 3,000 post article, we were right in 1996 all along, we just didn't know who the winners and the losers were. I will be buying shares in SalesForce.com. They epitomize everything that I believe in. The haver cost differential, product differential and placement differential the three components of competitive advantage.

Buy CRM, you'll be glad you did. They will be up there with E Bay, Google, Amazon and the rest. The reason Wall Street is hungry for these firms is that we've learned a great deal since Netscape came out at 75 dollars a share. We know what we are doing now and what makes money and what has long term potential.

My

taboo_dude · 06-23-2004, 07:10 AM

Quote:

Originally posted by Rick Latona
It's not that they only net 3.5 million. They did nearly 100 million in revenue last year and they will be capitalized with over 150 million dollars after going out. Considering that they have significant competitive advantages in the market place they are a strong company.

The ASP model works. As I stated in my 3,000 post article, we were right in 1996 all along, we just didn't know who the winners and the losers were. I will be buying shares in SalesForce.com. They epitomize everything that I believe in. The haver cost differential, product differential and placement differential the three components of competitive advantage.

Buy CRM, you'll be glad you did. They will be up there with E Bay, Google, Amazon and the rest. The reason Wall Street is hungry for these firms is that we've learned a great deal since Netscape came out at 75 dollars a share. We know what we are doing now and what makes money and what has long term potential.

My

Nice post Rick, but what about their long term debt? How much are they carrying and what does their management look like. Them seem to have the deal makers in place....with over a 100 million in revenue.

Definitely a company to watch. First google, now that talks of another nice tech ipo, are we finally seeing a recovery in the markets and economy?

It has been a long time coming.

Rick Latona · 06-23-2004, 07:25 AM

Quote:

Originally posted by taboo_dude

Nice post Rick, but what about their long term debt? How much are they carrying and what does their management look like. Them seem to have the deal makers in place....with over a 100 million in revenue.

Definitely a company to watch. First google, now that talks of another nice tech ipo, are we finally seeing a recovery in the markets and economy?

It has been a long time coming.

They are profitable. And Benioff is a machine. I actually know the guy. We very nearly cut a huge deal on the domain you.com years ago. He ended up backing out of it but I don't blame him because I had the better hand in it by a mile.

Giorgio_Xo · 06-23-2004, 07:28 AM

I use the salesforce.com personal edition. It is an excellent service.

Dusen · 06-23-2004, 07:28 AM

your stock is now worth 40% more than it was 8 mins ago.

06-23-2004, 05:51 AM	#1
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	SalesForce.com - Billion $ Valuation On Their IPO They only net about $3.5 Mil and they're valued at $1.1 Bil. Nice ratio! Salesforce.com Prices IPO at $11 a Share SAN FRANCISCO - Online software pioneer Salesforce.com Inc. priced its closely watched IPO at $11 per share Tuesday, raising $110 million, or 38 percent more than the company originally anticipated. The robust demand for Salesforce.com's initial public offering of 10 million shares represents the latest sign of investors' renewed interest in taking risks on young companies. The San Francisco-based company set an $8-per-share price target in April, then raised the goal to $9.50 per share earlier Tuesday before the deal's investment bankers, led by Morgan Stanley, capitalized on the strong demand to raise even more money. The final IPO price values Salesforce.com at $1.1 billion after just five years in business. The company's shares will make their trading debut Wednesday on the New York Stock Exchange under the ticker symbol, "CRM" ? a shorthand reference to the "customer relationship management" software made by the company. The long wait paid off for 39-year-old Benioff, whose 27.8 percent stake in Salesforce.com is worth $310 million. Benioff cashed in some of his stock just before the company filed its IPO plans, realizing a $16 million gain by selling 2 million shares at $8 apiece. Investors' willingness to ante up for Salesforce.com's shares provides further momentum for the resurgent IPO market. Through April, Salesforce.com had 147,000 subscribers, helping the company earn $3.5 million on revenue of $96 million in its last fiscal year ending in January. The profit included a $3.4 million gain from the reversal of an earlier charge for abandoning an office lease. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

06-23-2004, 05:53 AM	#3
swoop Confirmed User Join Date: Oct 2003 Posts: 3,903	Read this last night, wonder what the Google IPO will be set at? __________________ Earn 50 % Per Sale - Weekly Payments by check, wire, PayPal, or ePassporte

06-23-2004, 06:12 AM	#5
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	if all thee chumps can go public with something and get paid..i think anyone can. that will be my next goal in life after i make six zeroes here, i want to bring something public. __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

06-23-2004, 07:28 AM	#12
Giorgio_Xo Confirmed User Join Date: Mar 2003 Location: Las Vegas, NV Posts: 4,263	I use the salesforce.com personal edition. It is an excellent service. __________________ Make Levees, Not War

06-23-2004, 07:28 AM	#13
Dusen Confirmed User Join Date: Aug 2002 Location: East Coast. Posts: 2,251	your stock is now worth 40% more than it was 8 mins ago. __________________ Penis Pill Sponsor List and Reviews: http://www.pillsponsors.com

06-23-2004, 05:53 AM	#2
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	one to watch!!