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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Microsoft : C3.ai Sets IPO at 15.5 Million Shares; Sees Pricing at $31-$34 Each

11/30/2020 | 06:59am EST

By Colin Kellaher

C3.ai Inc. on Monday said it plans to sell 15.5 million shares at between $31 and $34 apiece in its initial public offering.

At the $32.50 midpoint of that range, the Redwood City, Calif., enterprise artificial-intelligence software company said it expects net proceeds of about $613.5 million, or roughly $684.2 million if the underwriters exercise an option to buy an additional 2.33 million shares.

C3.ai Inc., founded by technology entrepreneur Tom Siebel, said an affiliate of Koch Industries Inc. has agreed to buy $100 million of common stock and Microsoft Corp. has agreed to buy $50 million of common stock in a private placement at the IPO price.

C3.ai said it would have roughly 99.2 million shares outstanding after the IPO and private placement, assuming exercise of the overallotment option, for a valuation of about $3.22 billion at the $32.50-a-share midpoint.

C3.ai said Mr. Siebel will hold or control about 72% of its voting power following the IPO and private placement. The company said it has been approved to list its shares on the New York Stock Exchange under the symbol AI.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

11-30-20 0658ET

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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 435 M - -
Net cash 2021 76 850 M - -
P/E ratio 2021 33,4x
Yield 2021 0,96%
Capitalization 1 708 B 1 708 B -
EV / Sales 2021 10,3x
EV / Sales 2022 9,21x
Nbr of Employees 163 000
Free-Float 99,9%
Chart MICROSOFT CORPORATION
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Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Average target price 248,38 $
Last Close Price 225,95 $
Spread / Highest target 26,1%
Spread / Average Target 9,93%
Spread / Lowest Target -2,63%
EPS Revisions
Managers and Directors
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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