Friday, May 29, 2015

61 San Fran/Silicon Valley Technology Company IPOs Since 2009 With Their Very Robust Total Revenue Growth Accelerating (Up 45% in 2014 Over 2013 After Being Up 36% in 2013 Over 2012) ..... But With Weak Audited US GAAP Earnings ..... And With Only 2 New Technology IPOs in 2015 So Far ..... All Points To President Obama Being Right on Need For TPA Now and TPP Later

There have been 61 Initial Public Offerings since 2009 related to Technology Companies headquartered in the San Francisco and Silicon Valley Areas and which have their common stocks currently trading and with a stock market cap of more than $100 mil.

These 61 San Fran/Silicon Valley Technology Company IPOs generated Total Revenues of $37.2 Bil in 2014, up a very robust 45% from their Total Revenues of $25.7 Bil in 2013, which was up a robust 36% from the 2012 Total Revenues of $18.9 Bil.  Yeah, these Total Revenues have nearly doubled in only two years.  Clearly Silicon Valley rules Technology, not just in the US, but also globally.

But on the downside, these 61 San Fran/Silicon Valley Area Technology Companies generated Audited Under US GAAP Total Losses of $626 mil in 2014 versus Total Losses of $63 mil in 2013 and Total Losses of $498 mil in 2012. 

There are 105 San Fran/Silicon Valley Area Technology Companies which had their common stocks trading from the end of 2008 to the current date and with current stock market caps above $100 mil.

So these 61 IPOs since 2009 added another 58% to this stack of 105 large San Fran/Silicon Valley Area Technology Companies.

Especially since Technology Companies all over the US have been getting acquired precipitously, due to extremely low interest rates and merger cost savings from many employees being dumped, the last thing California wants is to see any curtailment in their IPOs.

So what has happened in 2015?  Exactly that, with only 2 new San Francisco/Silicon Valley Technology IPOs so far.

The Technology IPO market needs certainty over international trade rules, including intellectual property rights.  This is the continuing downside risk if Trade Promotion Authority (TPA) and the Trans-Pacific Partnership (TPP) don't pass.  Countries like China would be able to set the international trade rules.  US Commerce Secretary Penny Pritzker has been right on this all along.

US House Minority Leader Nancy Pelosi is the key Democrat in the US House who will be determining whether the critical Trade Promotion Authority (TPA) gets passed quickly in the US House next week.  And there are 38 other California Democratic members of the US House who will be at least somewhat influenced by Nancy Pelosi's final vote on the critical TPA.

Particularly since her district is in San Francisco, Pelosi has always been a very strong advocate for San Fran/Silicon Valley Technology Companies.  And with much help from Pelosi, US Technology now dominates the world economically.  TPA and TPP passage will ensure this US dominance of Technology, as well as also substantially enhancing US National Security which emanates from it.
 
But it's not just Technology in California.  It's all US States seeing their number of new IPOs drying up in 2015.

Below here are the Audited Total Revenues for the three most recent fiscal years for each of these 61 San Fran/Silicon Valley Technology Company IPOs since 2009:



Most 2014 2013 2012





Recent Total Total Total
IPO San Fran/Silicon Valley Area Co IPO City State
FYE Revenues Revenues Revenues
Date During Obama Administration HQs Area Sector
mil $s mil $s mil $s









Technology IPOs






5/18/12 Facebook  Menlo Park SF Technology Dec          12,466            7,872            5,089
8/6/09 Avago Technologies  San Jose SF Technology Oct            4,269            2,520            2,364
5/19/11 LinkedIn  Mountain View SF Technology Dec            2,219            1,529                972
3-27-14 TriNet Group San Leandro SF Technology Dec            2,194            1,644            1,019
11/7/13 Twitter   San Francisco SF Technology Dec            1,403                665                317
6-26-14 GoPro San Mateo SF Technology Dec            1,394                986                526
10/12/12 Workday  Pleasanton SF Technology Dec                788                469                274
11/18/09 Fortinet  Sunnyvale SF Technology Dec                770                615                534
12/16/11 Zynga   San Francisco SF Technology Dec                690                873            1,281
7/20/12 Palo Alto Networks  Santa Clara SF Technology Jul                598                396                255
6-6-14 Arista Networks Santa Clara SF Technology Dec                584                361                193
4/19/12 Splunk  San Francisco SF Technology Jan 15                451                303                199
9/20/13 FireEye  Milpitas SF Technology Dec                426                162                  83
3/24/10 Calix Networks  Petaluma SF Technology Dec                401                383                330
3/2/12 Yelp!   San Francisco SF Technology Dec                378                233                138
11/16/11 InvenSense  San Jose SF Technology Mar 15                372                253                209
1/25/12 Guidewire Software  Foster City SF Technology Jul                350                301                232
3/30/12 Enphase Energy  Petaluma SF Technology Dec                344                233                217
11/16/12 Ruckus Wireless   Sunnyvale SF Technology Dec                327                263                215
4/29/10 Alpha and Omega Semiconductor  Sunnyvale SF Technology Jun                318                337                342
10/16/13 Veeva Systems  Pleasanton SF Technology Jan 15                313                210                130
2/11/10 QuinStreet  Foster City SF Technology Dec                283                305                370
11/6/13 Barracuda Networks    Campbell SF Technology Feb 15                277                234                199
3/25/11 ServiceSource International  San Francisco SF Technology Dec                272                272                244
5/10/12 WageWorks  San Mateo SF Technology Dec                268                219                177
12/13/12 SolarCity  San Mateo SF Technology Dec                255                164                127
10/14/11 Ubiquiti Networks  San Jose SF Technology Jun                253                135                151
9/20/12 Trulia  San Francisco SF Technology Dec                252                144                  68
12/13/13 Nimble Storage   San Jose SF Technology Jan 15                228                126                  54
3-7-14 COUPONS.com Mountain View SF Technology Dec                222                168                112
9/27/13 RingCentral  San Mateo SF Technology Dec                220                161                115
10/10/12 Ambarella  Santa Clara SF Technology Jan 15                218                158                121
1-23-15 Box, Inc. Los Altos SF Technology Jan 15                216                124                  59
4/20/12 Proofpoint  Sunnyvale SF Technology Dec                196                138                106
3/13/13 Silver Spring Networks  Redwood City SF Technology Dec                191                327                197
3-21-14 A10 Networks San Jose SF Technology Dec                180                142                120
12/13/11 Jive Software   Palo Alto SF Technology Dec                179                146                114
11/9/11 Imperva  Redwood Shores SF Technology Dec                164                138                104
4/15/11 Ellie Mae  Pleasanton SF Technology Dec                162                128                102
6/12/13 Gigamon  Milpitas SF Technology Dec                157                140                  97
5/17/13 Marketo  San Mateo SF Technology Dec                150                  96                  58
5/13/10 TeleNav  Sunnyvale SF Technology Jun                150                192                206
3-28-14 Aerohive Networks Sunnyvale SF Technology Dec                137                107                  71
6-12-14 MobileIron Mountain View SF Technology Dec                132                106                  41
5-15-14 Zendesk San Francisco SF Technology Dec                127                  72                  38
2/10/11 Fluidigm  South San Francisco SF Technology Dec                116                  71                  52
7-18-14 TubeMogul Emeryville SF Technology Dec                114                  57                  34
5/10/12 Audience  Mountain View SF Technology Dec                113                160                144
12-12-14 New Relic San Francisco SF Technology Mar 15                110                  63                  30
9/28/12 Qualys  Redwood City SF Technology Dec                105                  83                  73
4-4-14 Five9 San Ramon SF Technology Dec                103                  84                  64
5/9/13 CYAN   Petaluma SF Technology Dec                100                117                  96
3/22/13 Marin Software  San Francisco SF Technology Dec                  99                  77                  60
3/28/12 Vocera Communications  San Jose SF Technology Dec                  95                102                101
10-3-14 Yodlee Redwood City SF Technology Dec                  89                  70                  58
3/20/13 Model N  Redwood City SF Technology Dec                  82                102                  84
9/27/13 Violin Memory  Santa Clara SF Technology Jan 15                  79                108                  74
4/25/15 Apigee San Jose SF Technology Jul                  53                  43                  28
12-12-14 Hortonworks Palo Alto SF Technology Dec                  46                  11                     2
3-14-14 Castlight Health San Francisco SF Technology Dec                  46                  13                     4
3-28-14 Energous Pleasanton SF Technology Dec                   -                     -                     -  










Total Revenues all 61



         37,294          25,711          18,874

…..% Increase Over Prior Year



45% 36%

On the job front, the US Bureau of Labor reported that the unemployment rate for the San Francisco-Oakland-Hayward Metropolitan Statistical Area has dropped precipitously from 10.3% in January 2010 to only 4.0% in the most recently reported April 2015.

Further, the US Bureau of Labor reported that the unemployment rate for the San Jose-Sunnyvale Metropolitan Statistical Area has also dropped even more precipitously from 11.3% in August 2009 to also only 4.0% in the most recently reported April 2015.


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