/// Cloud Phone Service RingCentral Files for $100 Million IPO
RingCentral, the cloud-based phone service for businesses, just filed for an initial public offering with the U.S. Securities and Exchange Commission. It has proposed using the ticker symbol RNG. While the valuation and offering price haven’t yet been determined, the company’s filing has a detailed look at its finances and who owns what. Its biggest shareholder is Vladimir Shmunis, who owns a little bit less than 20 percent of the outstanding equity. Venture Capital firms Sequoia Capital and Khosla Ventures each have stakes worth about 17 percent (slightly north in Sequoia’s case, slightly south in Khosla’s)
See the rest here:
Cloud Phone Service RingCentral Files for $100 Million IPO
- 11/13/2013 • Yahoo’s Mayer, Cisco’s Chambers Join Lineup of CES 2014 Keynote Speakers
- 11/07/2013 • Shane Robison Is Working on an Extreme Makeover at Fusion-io
- 10/10/2013 • Will it be Buyout or Breakup for BlackBerry?
- 09/26/2013 • Does Fairfax Have Resources — And Motivation — To Close BlackBerry Deal?