Candygram

IPO Candy Rundown – 9.27.2021

Finally, the place with the “Million Dollar Bacon” is coming public! (see below) 13 deals were priced last week. Knowlton (KDC) was one we could not figure out and it ended up being postponed. As much as I like Toast (TOST) it opened at an absurd valuation. It’s trending down from $64 and is now…

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IPO Candy Rundown – 9.22.2021

We’ve already had four deals price this week with another 10 on tap. As a reminder, our Current IPOs sheet is updated every Monday (free) and has a link to the roadshow downloads (for annual subscribers.) Toast (TOST) is one I love but it priced way above the revised-higher range at $40 and will trade…

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Sportradar and SportsTech

Sportradar (SRAD) provides critical infrastructure across the sports entertainment industry. This one is going into our portfolio.

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IPO Candy Rundown – 9.13.2021

The Fall season kicks off with 10 deals scheduled for this week. It’s a good lineup in terms of quality. Companies are definitely asking investors to pay up with valuations a little hard to justify in some cases. Here is our rundown of interest and we note a tiny one at the end that may…

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Making sense of Duolingo (DUOL)

I’ve got a soft spot for this company. It’s great software and the management team is rooted in my alma mater, Carnegie Mellon. We were having a family discussion last night over how extremely powerful gaming companies have become in getting people hooked into spending hours of their precious intellectual energy collecting cookies or exploding…

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June Portfolio Update #3 of 4

With this update we add three mini-themes: cannabis, crypto, and sports betting to the mix along with the stocks we are using to play those trends over time. TLDR; Adding MAPS, DKNG, and COIN. Cannabis Cannabis should not be a Schedule 1 substance. It’s proven to be an important therapeutic and now that commercial interests…

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June Model Portfolio Update #2 of 4

After cleaning up the whole portfolio in part #1 it’s time to start adding some themes and stocks. TLDR; The time for “XR” is now and were adding: Bentley Systems (BSY), Roblox (RBLX), Corsair (CRSR) and Matterport (GHVI) which join Unity (U) and Agora (API) under this thematic category. What we call “XR” which we’ll…

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June Model Portfolio Update #1 of 4

TLDR; 12 kept, 12 eliminated – Keeping SDGR, SWAV, GSHD, WK, HUBS, ARLO, AVLR, U, API, TWLO, DOCU, FTHM and eliminating FVRR, MRNA, PINS, TDOC, SFIX, SVMK, PLAN, ONEM, CDLX, RKT, TMDX, W Keepers Twilio (TWLO) – This is one of our longest holdings. In 2017 we published Time to Buy Twilio and never looked…

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Mytheresa Aims High

We’ve had a few “luxury retail” e-commerce companies come public including FarFetch (FTCH), TheRealReal (REAL) and most recently Poshmark (POSH). Although the latter feels a little more like an “eBay for clothing” than a real luxury retailer. Mytheresa is positioned at the very high end of this market in terms of both the products they…

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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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