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2017-03-18

TechReview: All Eyes on MuleSoft IPO, $MULE Closes Up 46% First Day

Domain Mondo's weekly review of technology news:

Feature • All Eyes on MuleSoft IPO, $MULE Closes Up 46% First Day 

MuleSoft--domain: mulesoft.com--is a software company with headquarters in San Francisco, California, providing integration software for connecting applications, data and devices. Shares of MuleSoft Inc. NYSE:MULE, opened at $24.25 Friday, March 17, 2017, above its $17 IPO issue price, on the New York Stock Exchange. MuleSoft sold 13 million shares to raise $221 million. At the Friday closing price of $24.75 (+7.75 +45.59%), the company had a public market capitalization in excess of  $3 billion, compared to a private market valuation of $1.5 billion.

Other Tech News:

•   Stopping China's Mercantilism: A Doctrine of Constructive, Alliance-Backed Confrontation | ITIF.org: "China’s systematic mercantilism is a threat to the U.S. economy and the very soul of the global trading system. America cannot respond with either flaccid appeasement or economic nationalism; it must assemble an international coalition that pressures China to stop rigging markets and start competing on fair terms."

•  Data Breach: Millions of records leaked from huge US corporate database | ZDNet.com: Dun & Bradstreet, the business services giant, confirmed it owns the database, which was acquired as part of the $125 million NetProspex acquisition in 2015.

•  Technology now at the root of almost all serious crime: Europol--document fraud, money laundering, online trading in illegal goods, ransomware, drug trafficking, human trafficking and smuggling, child pornography, identity theft .... --Reuters.com

•  Profitable Companies, No Taxes: Here’s How They Did It | NYTimes.com: “Offshore tax haven abuse has become so absurd that one five-story office building in the Cayman Islands is now the ‘home’ to more than 18,000 corporations.” See Institute on Taxation and Economic Policy for more.

•  Advertisers urge Congress to roll back internet privacy rules: “Our digital economy is the global leader, providing billions of dollars in ad-supported content and services to consumers, and the innovation and investment that have driven its success have rested on robust, consistent self-regulatory privacy standards backstopped by the Federal Trade Commission,.” The groups are American Association of Advertising Agencies, the American Advertising Federation, the Association of National Advertisers, the Data & Marketing Association, the Interactive Advertising Bureau and the Network Advertising Initiative.--TheHill.com

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