Comments on: Another Web 2.0 IPO, Xing?

By: Why is Xing spamming me? « Tech Merkin

Why is Xing spamming me? « Tech Merkin — Mon, 26 Nov 2007 05:02:00 +0000

[...] get the idea that I work in the financial services industry? Unlike competitor LinkedIn, Xing is a public company and is likely feeling the pressure from shareholders to perform. As we can see from the chart on [...]

By: Startup Meme » Xing-The European LinkedIn Reaches 2 Million Users WorldWide

Startup Meme » Xing-The European LinkedIn Reaches 2 Million Users WorldWide — Tue, 17 Apr 2007 17:23:27 +0000

[...] generated €6.4 million in revenues in 2006 and completed a successful IPO last fall raising between €35.6 million and [...]

By: Corsin Camichel

Corsin Camichel — Sat, 25 Nov 2006 11:48:50 +0000

Newest information: Open Business Club today announced they want to IPO on December 7th of this year with 2.25 million shares (no pricetag set). 19% of the shares will go to privileged determined members.

Source: http://www.heise.de/newsticker/meldung/81578/from/rss09

By: JSolo

JSolo — Wed, 15 Nov 2006 16:23:21 +0000

Wow, Xing is back! They always did have the worst mp3 encoder ever, but at least it was fast.

By: Mario Sundar

Mario Sundar — Wed, 15 Nov 2006 02:49:57 +0000

It seems to be quite a stretch to call OpenBC, the LinkedIn of Europe, because the numbers don’t justify it. A huge majority of OpenBC users seem to be German-speaking, given the fact that (as of 11/11/06) 80% of their revenue comes from Germany alone. (Source: http://www.pcwelt.de/news/business/63550/).

Here are similar thoughts expressed by other users on TechCrunch not long ago on OpenBC’s German-centricity (here at http://www.techcrunch.com/2006/09/04/openbc-design-challenge-e10000-prize/#comment-171847 – and here is Stowe Boyd on the language problem at http://www.stoweboyd.com/message/2006/08/themoreeurope_1.html)

Outside of Germany, there are probably about 10 times as many European professionals on LinkedIn as there are on OpenBC, judging from the above revenue estimate and the fact that they claim to be big in Asia & Latin America. It seems to me that LinkedIn still is the LinkedIn of Europe!

From a functional perspective, my OpenBC experience is similar to Stowe Boyd’s. Even, filling out the profile seemed like a chore, non-intuitive, slow and the whole process of finding fellow professionals seemed geared towards converting me to a paid member!!

By: Cem Sertoglu

Cem Sertoglu — Tue, 14 Nov 2006 15:36:12 +0000

If the 100mm euro comment is accrate, that would be a home run. Congrats to Lars, Bill and the team.

By: pwb

pwb — Tue, 14 Nov 2006 04:03:59 +0000

Not holding my breath.

By: Dave McClure

Dave McClure — Mon, 13 Nov 2006 22:43:56 +0000

actually, Mixi went public in Japan just a few months ago. altho they’ve had a rough ride since then, market cap is still north of $1B.

http://www.bloomberg.com/apps/quote?ticker=2121:JP

other coverage: * http://mashable.com/2006/09/11/mixis-japanese-myspace-heads-for-ipo/ * http://blogs.forrester.com/charleneli/2006/09/japanssocialn.html * http://mashable.com/2006/07/08/mixi-japans-biggest-social-network/

the japanese market is often forgotten by a lot of folks here in the west, however there are a number of very large, successful internet businesses in japan: YahooJ!/Softbank, Rakuten, Hatena, Mixi, LiveDoor (even with scandal), etc

By: Corsin Camichel

Corsin Camichel — Mon, 13 Nov 2006 20:02:39 +0000

According to Remo Uherek (http://www.chuchichaeschtli.com/artikel/openbcxing-borsengang-steht-vor-der-tur/ German only), the IPO should take place within 6 months (but OpenBC/XING prefers this year) Shares can be bought in Germany and Switzerland. Premium members will get privileged dispatching.

And (but don’t nail me on that) they want to get 100 million Euros, 50% going to OpenBC/XING.

Sources: http://www.fischmarkt.de/2006/11/eilmeldungopenbcbestaetigt_boersenplaene.html http://www.spiegel.de/wirtschaft/0,1518,447439,00.html