Pluralsight prices its IPO at $15 per share, raising over $300M

Pluralsight priced the shares in its IPO at $15 this afternoon, above its previously set target range of between $12 and $14, and will raise as much as $357 million ahead of its public debut tomorrow morning.

Pluralsight offers software development courses, specifically ones targeting employees that are looking to advance in their careers by acquiring new skills in order to transition to higher-level roles. As knowledge workers become increasingly valuable, especially in larger enterprises with sprawling workforces, companies like Pluralsight have found a sweet spot in building tools that enable companies to help identify talent in their own workforce and train them, rather than have to aggressively search outside the company to satisfy their needs. The company has raised $310.5 million in its IPO, with underwriters having the option to purchase an additional 3.1 million shares and bring that up to $357 million.

The company is one of a continuing wave of enterprise IPOs this year, including multiple successful ones like zScalar and Dropbox — the latter of which was more of a flagship as both a hotly-anticipated one and as a company that possesses a unique business model. But nonetheless, it’s shown that there’s an appetite for enterprise startups looking to go public, which offers those companies a way to raise capital in addition to offering their employees liquidity.

Pluralsight will be another of an increasing pack of unicorns in the Utah tech scene that are on their way to going public. Founded in 2004, Pluralsight was largely bootstrapped until its first financing round in 2013 where it raised $27.5 million from Insight Venture Partners. That firm is the company’s largest shareholder, and since then Pluralsight has raised nearly $200 million in financing.

Its The company’s IPO tomorrow will once again test the appetite for fresh IPOs among public investors. Enterprise companies generally offer a more stable batch for venture portfolios, with predictable and reliable growth that eventually carries it to an IPO with varying levels of success. They’re smaller than blockbuster consumer-ish IPOs, but they are the ones that can provide a stable return for funds like IVP.

I’m in love with Astell&Kern’s crooked, beautiful, ridiculously expensive MP3 player

It may be old-fashioned, but I find dedicated MP3 players wonderful little devices. I’ve used tons over the years (the Zune HD is still the best) and I’m glad to see they live on in some fashion, even if it’s as an objet d’art jammed with audiophile knick-knacks and a $700 price tag: Astell&Kern’s A&norma SR15.

Look at that thing! The ground of the tech world is littered with anonymous-looking lozenges made to appeal to as many people as possible. Then you have this thing.

What a design choice, to tilt the screen like that and form the rest of the device from prism-like complementary rectangles! The site even has a “design concept” page, on which it points out that this isn’t a purely aesthetic choice:

The slight angle and precise, mindful alignment show the empty space and tones that fills the space.
From any angle, or either hand you hold your device, it does not hinder the display screen and offers the best grip.

Isn’t that wonderful? And it’s even kind of true! Those areas we so carefully avoid with our fingers or thumbs are now grippable.

Meanwhile, the tilted screen also makes room for the knurled volume knob, while simultaneously protecting it from unwanted touches. And the angle of the screen makes for a visual hint for the power button.

I just love how risky this design is, how eye-catching, how simultaneously practical and impractical. We need much more of that in tech. This device has more personality than every iPhone since the 6 — combined.

Inside is the usual blast of audio jargon: Cirrus Logic Dual DAC, native direct stream digital, 24-bit 192KHz playback, balanced 2.5mm headphone out and a quad-core CPU to support it all. Do you need any of that? Probably not, but a few people might, and at least you’ll be sure this thing will play pretty much anything you throw at it and sound great doing so.

I’ve used a few of A&K’s previous products, and can testify that they’re extremely well-built and feel great to use, though the screens are a bit low-resolution and the UI can be lacking. The 3.3-inch screen isn’t going to blow anyone away with its 800×480 resolution, but it should be sharp enough, and the UI got a redo between the devices I’ve used and the SR15. I’m eager to see if it’s more fun to use now.

The A&norma SR15 is available now for anyone with a pocket full of money to burn.