Technology
Restaurant Chains go Online with Olo
It’s been chaos for restaurants over the past year. We’ve seen the rise of DoorDash (DASH), GrubHub (GRUB), and Uber Eats (UBER) to address the acute need for widespread food delivery. Longer-term this is just a huge catalyst to re-engineer the business. Once menus are online it’s simple to just use a QR code for…
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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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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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Agora provides software infrastructure for real-time voice, video and chat
The benefits of having a cloud-based API for complex voice and video interaction are well established. Twilio (TWLO) is the market leader here. Twilio started on the text and voice side and then moved to support more video and (with the acquisition of SendGrid) email. Agora (NASDAQ: API) is scheduled to go price their IPO…
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ZoomInfo Technologies
ZoomInfo (ZI) is scheduled to price tonight and trade tomorrow with a higher range now of $19 – $20. As we indicated in the Candygram earlier this week this is already a “hot deal” according to equity capital markets. ZoomInfo provides the data organizations need to do B2B marketing. Specifically company titles, emails, and other…
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Online Betting with GAN
This week we finally have an interesting IPO (of sorts) with GAN Limited (GAN on the NASDAQ). Since they are listed in London on the AIM market some capital markets services are treating this more like a secondary offering. However there’s a roadshow, underwriters and a book-building process so we’re treating it like an IPO….
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Broken Candy: Arlo Technologies
Arlo Investment Case Summary Arlo Technology (ARLO) is a maker of connected cameras and related software that was spun out of NETGEAR (NTGR) with an IPO on August 2, 2018 at $16/share. Shares traded higher immediately following the IPO and reached $23 before starting their steady decline to the current $2.15. There are two main…
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Schrodinger’s platform for accelerated drug development and materials discovery
Snapshot Schrodinger (SDGR) is offering 10m shares at $14-16 for a $1B market cap. We expect the shares to perform well in part given that they are backed by two notable investors, David Shaw and Bill Gates, and they have a strong position in enabling new drug discovery and the development of new materials. It…
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Bill.com aims to streamline the SMB back-office
Bill.com (NYSE: BILL) is an online platform for small businesses to process their handle invoices, payments and approvals digitally – improving efficiency and automation. Demand for the deal is high so underwriters have increased the proposed range to $19-21 from the prior $16-18. Solution & Positioning It’s a significant problem for most businesses and while…
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