Elastic in the News
Elastic Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares
Elastic N.V. (NYSE: ESTC) ("Elastic"), the company behind Elasticsearch and the Elastic Stack, today announced the closing of its initial public offering of 8,050,000 of its ordinary shares, which includes the full exercise of the underwriters’ option to purchase 1,050,000 additional ordinary shares, at a price to the public of $36.00 per share. In connection with the closing of the offering, Elastic changed its corporate form from a Dutch private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid, or B.V.) into a Dutch public limited company (naamloze vennootschap, or N.V.).
Elastic B.V. (NYSE: ESTC) ("Elastic"), the company behind Elasticsearch and the Elastic Stack, today announced the pricing of its initial public offering of 7,000,000 of its ordinary shares at a price to the public of $36.00 per share. In addition, Elastic has granted the underwriters a 30-day option to purchase up to 1,050,000 additional ordinary shares at the initial public offering price less the underwriting discount. The offering is expected to close on October 10, 2018, subject to customary closing conditions. On this date, Elastic will change its corporate form into a Dutch public limited company (naamloze vennootschap, or N.V.).
Elastic, the company behind Elasticsearch and the Elastic Stack, today released Elastic Cloud Enterprise (ECE) version 2.0. ECE was designed to provide a centralized and easy way to provision, manage, monitor and scale multiple Elastic Stack deployments, giving organizations the ability to control all their deployments from a single place. ECE 2.0 elevates the control and administrative ease with many new features such as host tagging, customizable deployment templates including hot-warm architecture, automated index curation, and more.
Elastic B.V. ("Elastic"), the company behind Elasticsearch and the Elastic Stack, announced today it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Elastic intends to list its ordinary shares on the New York Stock Exchange under the symbol "ESTC."
Elastic, the company behind Elasticsearch and the Elastic Stack, announced that it is expanding its partnership with Alibaba Cloud, the cloud computing arm of Alibaba Group, to provide global access to Alibaba Cloud Elasticsearch. The service announced in October 2017, was previously only available in China. With the expanded footprint customers outside China will now have access to the real-time search, ingestion, analytical capabilities and commercial features of the Elastic Stack within Alibaba Cloud Elasticsearch service.
Elastic, the company behind Elasticsearch and the Elastic Stack, announced today the next evolution in the Elasticsearch Service on Elastic Cloud to solve more use cases, operate at a larger scale, and give customers even more capabilities to customize their deployments. Now known simply as the Elastic Elasticsearch Service, this is the only service offered and supported by Elastic. New features include optimized deployment templates for the most common use cases, more hardware choices, support for hot-warm architectures, machine learning, and a revised pricing model, including a new free tier to help new customers get started.