A new IPO here.
Tenable Holdings, ticker
TENB
.
Starting trading 26.07.2018
Price range $20-22, should be filled for $22.
I expect it to open at $27 and then to go 40%+ ($30-31) in first day.
Here is why:
p.s. Keep calm and buy Tech. We are in the bull market (everyone except the Zerohedge readers).
Tenable Holdings, ticker
TENB
. Starting trading 26.07.2018
Price range $20-22, should be filled for $22.
I expect it to open at $27 and then to go 40%+ ($30-31) in first day.
Here is why:
- Growing revenues at 50.9% y/y, $19 or 5.7x forward sales. Competitors are trading at 11.22x
- Previous Cyber security IPOs skyrocketing last half year. As do many leading cybersecurity companies, see $HACK etf's chart.
- As of December 31, 2017, the company had 24,000 customers including 53% of the Fortune 500.
- the firm has increased the price range from $17.00 - $19.00 to $20.00 - $22.00 and has increased the number of shares to be sold from 9.2 million to 10.9 million. (thats usually bullish!)
- the company has almost no financial debt.
- Research&Dev, Cost of revenue and Sales&Marketing costs are growing slower than revenue. Eventually the company will be profitable someday ;) But who needs profitable company in the market? ha-ha
p.s. Keep calm and buy Tech. We are in the bull market (everyone except the Zerohedge readers).
تعليق:
Company has priced 10.9M shares at $23.00. Nice!
تعليق:
We are in the bull market (except the Zerohedge readers && Facebook stock, haha).
تعليق:
+40% on first day it is... now wait and see the price action
تعليق:
Holding great on a weak market. Unlike the PDD IPO, which was falling right after IPO gap up and now return is near +-0%.
تعليق:
Now $34 or 47% higher than IPO price. No weakness shown so far.
تعليق:
Yes, we are still in bull market (except the Zerohedge readers && Facebook stock, haha-ha-ha).
$36+, successfully passed the first ER report.
$36+, successfully passed the first ER report.
تعليق:
IPOs are copycats. Working same as Eventbrite ($EB)