IPOs seem to be the “in” thing these days.  But aside from going public, these companies are also busy with other matters to improve their offerings, making investors’ interest worthwhile.  Lets take a look at some recent happenings for companies aiming to go public or have recently gone public.

Evernote

Evernote, the company that helps the world “Remember Everything”, announced a $70 million Series D funding led by Meritech Capital and CBC Capital, with participation from funds and accounts managed by T. Rowe Price Associates, Inc., Harbor Pacific Capital, Allen & Company, and several other investors.

This round of funding will be used to increase their user base in new regions, expand offerings into new verticals and enable the company to make strategic acquisitions.

“Our goal is to build Evernote to be a hundred-year company that delivers a lifetime of value to our users,” said Phil Libin, CEO of Evernote. “This financing provides a solid step in this direction by allowing us to build better products, grow our international presence and expand the platform with strategic acquisitions. We are honored to have the guidance and support of such an experienced group of investors.”

The new funding brings their valuation to a sweet $1 billion, but that doesn’t mean that the company is content.  Right now, Evernote is still a privately traded company and they believe that if they go public, their company would be worth more than a billion dollars.  But they want their IPO journey to be as smooth as possible.

In an interview with TechCrunch, Libin stated that “We want as few things as possible to change at the IPO. I don’t want it to be disruptive or a goal, but just a step along the way. We’re focusing 100% of our energy into making the product better. The most important thing is that you trust us, and use Evernote for the rest of your life. Because if you do, we can get the revenue out you. We don’t have to squeeze it out. That’s why the unit economics work so well and the business model is so profitable and attractive.”

Last July, Evernote raised $50 million in a round of funding led by Sequoia Capital, then  they acquired Skitch,  the Australian image-editing software for Macs, later making the app available for Android users.  They’ve been active in the mobile scene, giving birth to stand alone apps such as Hello, Food and Clearly.  They’re close to reaching 30 million registered users with 25% of them paying for the premium service.  The base service is free to use, but if you want to upgrade you have to pay $5 per month or $45 a year.

CafePress

Online vendor CafePress that’s seeking to raise $80 million in their IPO, recently removed a shirt design that read “I Love Jews but Hate Israel.”  They removed the said design after getting a letter from The Simon Wiesenthal Center.

“CafePress’ independent design community spans the globe, with users representing a multicultural and multinational ideals and sentiments. As such, users may upload designs that some find distasteful or offensive, but are nevertheless consistent with our policies for expressions and content on our website. At times, user-uploaded designs may be unacceptable based on our content usage policy or other considerations and those images may be removed,” the company wrote in an e-mail.

The company recently reported a loss of $831,000 on revenues of $32 million in the quarter that ended in March.

Millennial Media

Independent mobile advertising company Millennial Media recently closed their IPO, offering 10,200,000 shares of common stock at a public offering price of $13.00 per share, and  began trading under the ticker MM at the New York Stock Exchange last March 29.  But just days after their IPO closing, they were slapped with a patent lawsuit from mobile marketing service, Augme Technologies.

The company is scheduled to hold a conference call on May 14, 5PM Eastern Time, to discuss financial results of Q1 2012.  Chief Executive Officer Paul Palmieri and Chief Financial Officer Michael Avon will host the conference call.

Facebook

Facebook is still in the quiet period wherein issuers, company insiders, analysts, and other parties are legally restricted in their ability to discuss or promote the upcoming IPO.  In short, they can’t discuss it.

But recent news reported that Facebook’s IPO may be delayed because they need to discuss with the Securities and Exchange Commission the effect of their recent acquisitions: Instagram for $1 billion, Tagtile – the customer-loyalty application,  and 650 Microsoft patents for $550 million.

Also, analysts have doubted the early $1 billion valuation as they reported that Facebook’s net income slid 12% to $205 million, while total sales fell 6% to $1.06 billion and costs rose 16% to $677 million in the first three months of the year.

Though Facebook is dealing with a lot of criticism because of their Instagram acquisition, their valuation and their upcoming IPO, that didn’t stop them from reaching out to save lives.  The social network recently released a new tool that enables Facebook users to indicate whether they are organ donors, and provided a way for people to enlist if they want to become one.  The initiative came from talking to his med-student girlfriend Priscilla Chan, who told Mark Zuckerberg how young patients continue to get sick because they can’t find an organ donor.