Wednesday, December 19, 2007

Danger Files For $100M IPO

Palo Alto-based Danger, Inc. filed for an IPO Wednesday evening, saying in a filing with the SEC that it is looking to raise up to $100M in an IPO on the NASDAQ Global market. According to Danger's S-1, the firm has applied to list as "DNGR" in the IPO, which is being underwritten by Deutsche Bank Securities, UBS Investment Bank, Thomas Weisel Partners, Pacific Crest Securities, and ThinkEquity Partners. Danger provides a software-as-a-service offering for managing data on mobile devices, including the T-Mobile Sidekick. Danger is venture backed by Mobius Technology Ventures, Redpoint Ventures, T-Mobile, SOFTBANK, Motorola, Meritech Capital, and Venture Strategy Partners. According to the firm's filing, the company had revenues of $56.4M and a net loss of $12.3M for 2007.