Good Evening. More IPOs For You…Including a Mapping Giant…
John Battelle
Salesforce seems to be finally going ahead, an amended filing is here. They apparently had to deal with a bunch of SEC stuff, but it’s on again. Lead banker: Morgan. Revs in 2003: Close to $100 million. Profits around $3.5mm.
And Navteq filed while I was at MSFT, the docs are here. Navteq, you say? Who the f*** are they? Well, the provide the mapping info for Yahoo, auto nav systems, et al. The CDDB of maps! OK, revs in 2003…ready? $237 million. HOLY SHITE! But wait, they have operating income of nearly $65 million. And some odd tax stuff (any CPAs out there?) which put their net income at … $235 millon! Oh my goodness….Bankers Credit Suisse and Merrill.
