Technology
Zoom Video Technology
This Thursday Zoom Video (NYSE: $ZM) will debut into a red-hot market for enterprise SaaS companies. The most recent, PagerDuty (NYSE: $PD) filed at $19-21, priced at $24 and is now trading close to $40/share. That’s about 25x trailing sales of $118M. That one is hard to buy at these prices. And if Zoom wasn’t…
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PagerDuty for On-Call Management
PagerDuty (NYSE:PD) is out marketing their IPO this week. They are doing a masterful job and positioning themselves as the new “brains” of the online world. You need to do that then you filing range is already at 13x revenues! It is a good story. Maybe not as good as a Twilio (TWLO) but if…
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Lyft Looks Like a Hot Mess
There’s been plenty written about the Lyft IPO (NASDAQ: LYFT) scheduled to price Thursday after the close and open for trading on Friday. Most of the commentary has been about whether or not the Lyft has the ability to make money and if so, what the margins might be. We did include a valuation section…
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Your Father’s Enterprise SaaS Company
SolarWinds (NYSE: SWI $17-19) will be returning to the public markets this week after being taken private by private equity firms Silver Lake and Thoma Bravo in February of 2016 in a $4.5B deal. In the middle of the range, the company would have a market capitalization of $5.4B. Post-IPO these PE companies will still…
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Weaponized Analytics?
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…
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Super Elastic Bubble Plastic
The Elastic IPO (NYSE: ESTC) will price tonight. The price was bumped up to $33-35 but given the company position in software infrastructure the shares should still perform well from that level. We have our summary comments below but investors in this one will want to review the ESTC prospectus and read our transcript of…
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Ask the Monkey
The much-anticipated SurveyMonkey ($SVMK) IPO is scheduled for tonight. The proposed price range remains $9-11. For a relatively small deal (13.5M shares) there are a lot of banks on the cover – 11 in all with JPM, Allen, and BofA leading the charge. Online surveys are a niche market but SurveyMonkey has emerged as a…
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The Eventbrite IPO
If you attend conferences, go to meetups or see local talent at smaller venues you have probably used Eventbrite (NYSE – $EB). Their IPO is scheduled for tonight (Wednesday) by Goldman, JPM, Allen and a few others. The proposed price range was just bumped up to $21 to $23/share. EB makes their money with ticket…
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Sonos Powers into Digital Audio
Sonos ($SONO) is ready for their IPO closeup. This week they plan to come to market on Wednesday night and the deal is already well oversubscribed. The current range is $17-19 on 14m shares. Less than half the shares are being sold by the company, most are from selling shareholders. Here are links to the…
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What is this Opera about?
After two decades Opera Software (NASDAQ OPRA $10-12) has launched an IPO in the US. The deal is expected to price today, July 26th for trading tomorrow. Growth is being driven by the new Opera News product which fills a gap for users wanting a personalized experience – especially outside of developed countries and with…
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