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Ooma, Inc. Goes Public in $85 million IPO

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San Jose, CA — July 20, 2015 — Clifton Douglas announced today that its client, Ooma, Inc. (NYSE: OOMA), closed its first day of trading at $13.00 per-share on Thursday. The company’s market cap, at the end of its first day was about $183 million. The company revenue grew by 84% to $72.2 million between… Read more »

Personal Property Tax Renditions Due on May 7, 2015

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The Crux On May 7th, 2015, Business Property Statements (Forms 571L) reporting personal property subject to taxation will become due. Filings after this date are subject to a 10% penalty. Next Steps For most corporate taxpayers, the property tax rendition is often a fairly straightforward reconciliation exercise to the general ledger fixed asset schedules; however,… Read more »

Texas Franchise Tax Report Due on May 15, 2015

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The Crux On May 15th, 2015 companies with a Texas filing requirement will need to submit their 2015 Texas Franchise Tax Report. Texas provides a six month extension to filers that submit an extension request by this date; however, only a three month extension is allowed for electronic fund transfer (EFT) filers (a second three… Read more »

Aduro Biotech, Inc.’s Shares Soar in Successful IPO

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San Jose, CA — April 20, 2015 — Clifton Douglas announced today that its client, Aduro Biotech, Inc. (NYSE: ADRO), closed its first week of trading at $40.00, a nearly 135% jump from the $17 per-share IPO price set Wednesday. The strong Wall Street debut put Aduro Biotech as this year’s second private company from… Read more »

New Relic, Inc. Makes Strong Wall Street Debut

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San Jose, CA — December 15, 2014 — Clifton Douglas announced today that its client, New Relic, Inc. (NYSE: NEWR), closed its first day of trading as a public company at $33.99, a nearly 50% jump from the $23 per-share IPO price set Thursday. New Relic’s breakthrough opening day put the Company’s market value north… Read more »