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The next-gen Xbox will ship in November


The next-gen Xbox will ship in November – TechCrunch

The last few months have provided a steady trickle of information about the next Xbox console — or the Xbox Series X, as it’s known.

We know what it looks like. We know a lot about what’s inside. We know about more than a dozen titles currently being built for it.

One thing we didn’t know was when it’d actually hit the shelves. Microsoft had said it’d be ready by the holidays, but held off on getting much more specific than that. Today they’re tightening up that launch window a bit: it’ll ship sometime in November, says the company.

Microsoft doesn’t say exactly when in November, so they’ve still got some wiggle room on the exact launch date. But it’s better than the big ol’ three-month window we knew about previously!

This news comes almost simultaneously with word that 343 Industries would be delaying the launch of Halo Infinite until 2021 “to deliver a Halo game experience that meets [343’s] vision.”

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If youu2019re tech-obsessed about the future of moving people, products and packages around the world, you do not want to miss TC Sessions: Mobility 2020 on Oct. 6-7. 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Creek seeks $3B valuation for its software IPO”,”content”:{“rendered”:”

American software company Duck Creek has upped the stakes in its impending IPO, raising its price target from a range of $19 to $21 per shareu00a0to $23 to $25 per share.n

The bump comes as software and cloud stocks have fallen more than 10% from recent highs, putting them in technical correction territory.n


n

The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.n


n

The good news for the Boston-based startup focused on the insurance market, however, is that recent technology IPOs have seen strong performance at similar stock market levels. So, the recent market chop for its future cohort of public software companies may not prove too deleterious to its public offering hopes.n

This morning let’s calculate an updated valuation range for Duck Creek, re-run our math on its implied revenue multiples and compare those figures to today’s public market averages.n

Duck Creek’s products target the property and casualty insurance provider space, serving companies that sell coverage for automobile, rental and homeowners insurance.n

""When tinkering with Duck Creek’s first IPO price range ($2.44 billion to $2.70 billion), the company appeared to be reasonably priced. Let’s see what happens when it raises its share-price targets.n

A new valuationn

As before, Duck Creek is selling 15 million shares, a figure that rises to 17.25 million if its underwriters exercise their option to purchase more stock at the IPO price. So, at its new $23 to $25 per-share IPO price range, the company could raise between $396.75 million and $431.25 million.n

For a company that had revenue of $153.35 million in the three quarters ending May 31, 2020, it’s a large sum.n

Discounting the shares up for purchase by its underwriters, Duck Creek is worth between $2.95 billion and $3.21 billion. Including the extra equity, the figures rise to $3 billion and $3.26 billion.



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