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IPO Stock Analysis
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Jill Tries To Climb IPO Hill
J. Jill is a solid if unexciting IPO. Investors may face some longer-term questions like what happens after the lockup expires and who would be the natural acquirer of this business as it grows toward their $1B goal?
Snap Inc. – Just In Case
It’s high-noon for Snap and their bankers at the NYSE trading post. The consensus in the capital markets is that the deal will get down and open above the IPO price. Institutions consider Snap an IPO to own “just in case” it works.
Snap Is More Like Youtube 2.0
Right now it's all about the opportunity. Snap represents "something new" that has some serious traction in a market where companies like Google and Facebook have figured out how to leverage something new into $90B and $27B in revenues.
Time To Buy Twilio
Twilio came public in June 2016 and the shares soared over the next three months to touch $70. Three months later the stock is back in the $20's.
What’s Ahead In 2017
The pendulum of funding fashion appears to be swinging back from very large and expensive late-stage private rounds back to public markets.
Trivago = Trade Desk Meets Tripadvisor
The main IPO of interest scheduled for this week is Trivago. Very high capital efficiency has allowed Trivago to grow rapidly without the need for external capital.
Acushnet IPO Is A Good House In A Bad Neighborhood
Acushnet is the big daddy in the golf world.There is a team of 13 underwriters on the GOLF deal (which is $435M at the mid-point of the range) so its IPO is getting a major push.
Coupa IPO Is Another SaaS Winner
Coupa is scheduled for a Wednesday night pricing and should be trading Thursday morning. The current proposed range is $14-16.
The Nutanix IPO Story In Pictures
Nutanix will be the latest hot new software infrastructure company to come public. They just priced 14.87M shares at $16 - that is above the increased proposed range of $13 to 15. This is a hot IPO.
Tabula Rasa Healthcare IPO Notes
Tabula Rasa is a healthcare service provider with ~25% sustainable growth in recurring revenue, expanding gross margins and a model that is very likely to generate 20% EBITDA margins over the long term.
Good ELF Bad ELF
In short - the story is very good, the financials are not quite as stunning as they seemed in the roadshow.
Trade Desk Ad Buying Platform IPO
Trade Desk is offering 4.7 to 5.4M shares and at the new $17 mid-point that's a $90M deal. Total shares outstanding after the IPO will be 38-39M shares for a market capitalization of $660M.
Everbridge IPO A Safe Bet
It's a growing niche market and Everbridge has already secured the leading position in the market.
Talend Software IPO
Talend Software priced their IPO above the range at $18. Talend fills a gap in the market for investors after both Informatica and Tibco were acquired in 2015 and 2014 respectively.
Is Impinj More About Augmented Reality Than IoT?
This Wednesday Impinj (Nasdaq: PI) is expected to price 4.6m shares at $12-14. RBC is leading the charge with four other banks.
Performance Of The IPO Market 2016
July looks like it will be a pretty good month so the positive momentum for the year is set to continue.
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