Cvent (NYSE: CVT - $37.92) is using the internet to connect company event planners with venues and related services to organize and run events more effectively. It's a great idea which the company started implementing back in 1999 which has enabled them to be the clear leader in the space.
We see the shares higher in future periods and have added the company to the IPO Candy Folio.
Goldman Sachs and Morgan Stanley led the successful IPO in August 2013 (5.6m shares at $21 above the $18 mid-point) and they are offering another 4.8M shares to . . .