Everyone is interested in an IPO

·2 min read

N&O Innovation and Technology Newsletter: July 23, 2021

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Just a few weeks after pulling out a potential sale to Broadcom, SAS Institute CEO Jim Goodnight vowed to take his company public.

One of the Triangle’s largest employers and a giant in software analytics, SAS has remained privately held since it was founded by Goodnight in 1976.

“By moving toward IPO readiness, we can open up new opportunities for SAS employees, customers, partners and our community to participate in our success, ensuring the brightest possible future for all of us,” Goodnight said in a statement announcing his plans.

[Read more here]

Philanthropy funds the Innovate Raleigh fellowship. Consider supporting philanthropy-funded journalism by going to www.newsobserver.com/donate

Katie Mack, an astrophysicist and assistant professor of physics at N.C. State University sits for a portrait on campus, on Monday, July 12, 2021, in Raleigh, N.C.
Katie Mack, an astrophysicist and assistant professor of physics at N.C. State University sits for a portrait on campus, on Monday, July 12, 2021, in Raleigh, N.C.

(Katie Mack, an astrophysicist at N.C. State University.)

Tech news from the Triangle

  • Pendo gets $2.6B valuation, targets 2022 for an IPO. [N&O]

  • Durham cooling tech startup Phononic raises $50M, wants IPO. [N&O]

  • As NC State astrophysicist Katie Mack’s star rises, she ponders how the universe will end. [N&O]

  • California power technology company Smart Wires moves HQ to Durham after landing NC incentives. [N&O]

  • Gilead Sciences picks North Hills for Raleigh office. [N&O]

  • Durham Bitcoin rewards startup Lolli raises $10M Series A, just months after raising a $5M round. [Bitcoin Mag]

  • Epic Games acquires 3-D marketplace Sketchfab. [WRAL]

What I’m reading

  • Amazon wants a crypto play. Its history in payments is not encouraging. [Protocol]

  • QR codes are here to stay, and so is the tracking they allow. [NYT]

  • Scarlett Johansson sues Disney over “Black Widow” release. [WSJ]

  • Nikola founder indicted for fraud. [CNBC]

  • Robinhood, the online trading platform, goes public. [Techcrunch]

  • Forget “App Tracking Transparency”: Facebook is enjoying more ad revenue than ever. [ArsTechnica]

  • New bill would update decades-old law governing children’s privacy online, add protection for teens. [WaPo]

Other Triangle business

  • Plans for major mixed-use development in Raleigh unfold, with support from Koch firm. [N&O]

  • Popular Charlotte bbq joint Midwood Smokehouse coming to Raleigh. [N&O]

  • No new mask mandate for NC, except for some unvaccinated state employees, Cooper says. [N&O]

Let me know what you’re seeing. Email me at zeanes@newsobserver.com. Tweet me @zeanes. Call me at 919-829-4516.

Zachery Eanes is the Innovate Raleigh reporter for The News & Observer and The Herald-Sun. He covers technology, startups and main street businesses, biotechnology, and education issues related to those areas.

This newsletter was produced with financial support from a coalition of partners led by Innovate Raleigh as part of an independent journalism fellowship program. The N&O maintains full editorial control of the work. Learn more; go to bit.ly/newsinnovate

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