IPO
Apigee, an API management and predictive analytics platform, began trading Friday after raising $87 million in its IPO. Apigee touts a client list of hundreds of companies, including Walgreens, eBay, and the Gilt Groupe, and had raised nearly $175 million in the private markets from a host of VCs and strategic investors like In-Q-Tel, BlackRock, and Accenture. Its initial market cap was $495 million. Morgan Stanley, Credit Suisse, and JP Morgan all served as underwriters.
Baozun, a company that helps brands establish e-commerce platforms in China, has filed for an IPO that it anticipates will fetch around $200 million. It will trade on the Nasdaq under the BZUN ticker symbol, having been underwritten by Morgan Stanley, Credit Suisse, and BAML. Alibaba has a 23.5% stake in the company.
M&A
Both parties have decided to walk away from the Comcast/Time Warner Cable $45 billion mega merger after going up against regulatory roadblocks for months.
Classpass, a membership program that grants access to a number of participating gyms and fitness studios, has purchased its competitor Fitmob for an undisclosed amount.
IBM acquired Explorys, a provider of cloud-based data solutions to the healthcare industry, for an undisclosed amount. Explorys, based in Cleveland, raised an $11.5 million Series C from Austin Ventures back in 2011.
HP has divested from Snapfish, selling the web-based photo sharing service back to District Photo after buying it in 2005 for a rumored $300 million. Terms of the most recent sale were not disclosed.
BlackBerry has acquired WatchDox, an enterprise productivity and security company with a specialty in mobile computing, for a reported $70 million, according to a report by The Wall Street Journal. Blackstone, Nike, and the California Department of State Hospitals are all WatchDox clients.
Vista Equity Partners sold its 80% stake in Websense to the defense contractor Raytheon for $1.9 billion. Fortune reports it is the 14th security-related acquisition Raytheon has made since 2007.
Nokia’s maps business, with a $2.15 billion book value, is the subject of takeover rumors, with interest reportedly from Facebook and Uber, among others.