Notes

Leslie’s wants to join the pool party

Leslie’s (LESL) is in the pool business which has been getting a major COVID-driven bump in demand this year as people have shifted spending from travel to their back yards and in some cases, pools. The current range is $14-16. Investors are aware of the trend and many have enjoyed the outperformance of stocks like…

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Datto drives small business IT

The Datto (MSP) IPO is this week and the current range is $24-27. The deal is expected to price and trade well based on early indications. Positioning in a Nutshell There are a few things that make Datto different from other cloud IT companies: Datto is going after a very specific segment – SMB customers…

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Parsing Palantir – Part II

We published an overview of the Palantir (PLTR) basics already so see Parsing Palantir – Part I for that if you want more background. With the direct listing coming today (Wednesday, September 30th) it’s time to circle the wagons and look at the facets of the company and the stock and develop a feel for…

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A closer look at Laird Superfood (LSF)

Laird Superfood (LSF) makes plant-based products ranging from your morning coffee creamer to your sports hydration to your evening hot chocolate. These alternative food brands are growing as consumers look for healthier options that are still great tasting and satisfying. This deal will come next week and be small at only 2.2-2.5M shares with a range…

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Candygram September 9th – FROG SUMO and SNOW lead us back

The IPO calendar sure filled up in a hurry. But this is what we described when we published the last Candygram at the end of August – Deals Crowd September Starting Gate. In order to get some coverage out on these names prior to pricing I am going to share my raw roadshow notes as…

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Candygram August 31 – Deals Crowd September Starting Gate

The summer IPO hiatus will be brief this year and it’s clear from new filings that a heap of deals, especially in technology, are gearing up for September. There are no deals on the schedule this week as we head into Labor Day. Last week we covered the Palantir filing which is to be a…

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Parsing Palantir – Part I

Palantir (PLTR) has initiated its direct listing process and will trade on the NYSE. As we prepare for their “investor day” where they will present the investment case we can summarize some of the things we took away from the initial filing. On the Product Palantir is kind of a hybrid between a software company…

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Fathoming Online Real Estate (FTHM)

Online Real Estate Transactions If you haven’t noticed there is a boom going on in real estate. Part of it is COVID, part of it is low rates, part of it is the expectation of being able to do everything online. People are buying and selling homes online, in some cases with no physical visit….

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Candygram August 24 2020 – The Tesla of China

A couple of weeks ago we had the “Zillow of China” go public in the shape of KE Holdings (BEKE). This week we have an Chinese EV (electric vehicle) company on the schedule for this Wednesday night. Xpeng (XPEV) is planning a $1B IPO although insiders have “indicated an interest in purchasing” up to $500M of…

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IPO Candygram August 18, 2020 – No rest in August?

In terms of IPO aftermarket performance the market continues to love technology and healthcare. Last week we saw Duck Creek Technology (DCT) in InsurTech price way above the range at $27 and trade up to $40, KE Holdings (BEKE) which is a RealEstateTech company price above the range at $20 and close the week at…

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