GitLab closed up 35% in its Nasdaq debut, giving it a $14.9 billion market cap, after raising $801M in its IPO at an $11B valuation
Ari Levy / CNBC :
CNBC Ari Levy
Related Coverage
- Coding platform GitLab valued at $14.9 billion in strong market debut Reuters
- Gitlab's IPO included a major jump in share price, a win for Joe Montana and a fair amount of cowbell Silicon Valley Business …
- CEO Who Built GitLab Fully Remote Worth $2.8 Billion on IPO Bloomberg
- GitLab Reaches $15 Billion Market Cap, Shares Jump 35% After Its No-Office Radical CEO Opts For More Traditional IPO Forbes
- Biggest tech IPOs of 2021 Computerworld
- Ten years after start in Ukraine, GitLab lands on Nasdaq at $11 billion valuation Ukraine Digital News
Discussion
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@levie
Aaron Levie
on x
The GitLab story shows the multiple paths to winning in software that 10 years ago few believed. You can build massive value around open source. Your biggest competitor can get acquired by a major player, and the market still grows massively. You can be 100% remote. And so on.
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@mattschembari
Matt Schembari
on x
GitLab is an all-remote company with around 1,300 employees. They just IPO'd for $15B today. All-remote works at scale, and all-remote companies can be extremely valuable. Congrats to the @gitlab team and @sytses! #remotework https://www.cnbc.com/...
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@thedomino
Dominic Chu
on x
Git some https://twitter.com/...
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@cnbcjosh
Josh Lipton
on x
“For @JoeMontana, GitLab marks his firm's first IPO, though he said “we have 12 or 13 more unicorns in the portfolio,” referring to start-ups valued at $1 billion or more. They include @anduriltech...and autonomous vehicle testing start-up Applied Intuition.” https://twitter.com/…
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@levynews
Ari Levy
on x
Joe Montana invested $100k in GitLab in 2015 At top of IPO range, that stake is now worth -$42 mln It's his first IPO. We interviewed him: https://www.cnbc.com/...
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@austen
Austen Allred
on x
Joe Montana (and his fund) are low-key one of the better investors in Silicon Valley https://twitter.com/...
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@quinnypig
Corey Quinn
on x
Impressive gains, but not quite as impressive as last week when Twitch opened up 100% after failing to properly secure its systems. https://twitter.com/...
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@levynews
Ari Levy
on x
GitLab jumps 22% in its Nasdaq debut after pricing well above range $13.5 billion market cap at open 58x revenue multiple - higher than all but 4 companies in Bessemer Cloud Index (https://bill.com/, Snowflake, Cloudlfare, Asana) https://www.cnbc.com/...
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@carnage4life
Dare Obasanjo
on x
Gitlab IPO values it at $11B. Microsoft buying Github for $7.5B which seemed outlandish at the time now looks like a massive steal. Not as bad as Facebook & Instagram or Google & YouTube but still another great bargain. https://www.bloomberg.com/...
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@smartfootball
Chris B. Brown
on x
Joe Montana and his VC fund turning a $100k investment in GitLab into $42 million. Not too shabby https://twitter.com/...
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@ranjanxroy
Ranjan
on x
“We're all pretty pumped,” Montana said in an interview this week, while vacationing in Italy. https://www.cnbc.com/... https://twitter.com/...