This week the deal we are digging into is Anaplan (NYSE: $PLAN) which priced last night at $17, well above the proposed range of $13-15. It's a good old-fashioned enterprise SaaS company at the highest end of the "enterprise performance management" segment.
Earlier this year we saw Adaptive Insights ($ADIN) get snatched from the IPO alter by Workday $WDAY just before pricing. Workday paid $1.5B for ADIN which is double their proposed IPO valuation of $700M.
Of course in this IPO market, we expect every enterprise SaaS stock to double post offering. Witness Elastic ($ESTC) last . . .