July 12 - See an update at
Avast is gradually taking the steps to undergo an IPO (Initial Public Offering) on the NASDAQ exchange as AVST. They filed a second amendment to their F-1 with the Security Exchange Commission on May 7. The amended F-1, 150 plus pages of reading, including 23 pages of risk factors. Three years of financial statements are included. 2011 revenue was $82.1 million, a nice 69% increase over 2010’s $48.4 million in revenue. Avast promotes that they have around 160 million users of their products. According to the OPSWAT 2012 March “Security Industry Market Share Analysis”, Avast has the top spot, with 16.3% of the market.
Avast has also now opened a hiring req for a SEC Reporting
Manager, operating out of their San
Francisco Bay Area office. This means Avast
has to be getting serious about the IPO ;). “The individual in this critical, hands-on
position will be based in the San Francisco Bay Area, report to the CFO and have
responsibility for compliance with SEC reporting requirements, including
preparation of Forms 20-F and 6-K, and Sarbanes-Oxley”.
This person will be traveling to Prague occasionally. When the financial people from Prague travel
to the Bay Area, they will be able to find Czech food http://www.bayczech.com/useful/restaurants/ though there are some rather nice restaurants
in the Bay Area! Foodies are usually
happy when they visit.
No new rumors as to when the IPO will take place. No sightings of executives in hoodies on Sand Hill Road in Menlo Park, or having breakfast at Burk's in Woodside. Rumors of sightings at mid Peninsula Starbucks. The date (IMHO) will shift after Avast people and their external
“smartest guys in the room” make any adjustments based on analysis of the
Facebook IPO. "Pops" are nice on the first day of an offering and neither Facebook nor their Prague based competitor AVG Technologies, had these on their first days.
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