![]() Still, Slack fits our model and thus joins our list. Slack, have you heard of it? Did you know that the workplace productivity company pursued a direct listing instead of a traditional IPO? I bet have heard of it, and did know the rest. Initial post-IPO arc: Slack started high, and has kept altitude between it and its reference price.Now worth just $9.30, this is a rare 2019 IPO letdown. In post-IPO coverage, Cambium Networks managed to scare up the following headline: “ Cambium Networks: Rightfully Disappointing IPO.” Damn. At least the firm seems to have been priced fairly in its debut. As such, yes, the firm is up from $13, but down from where it had hoped to price. However the firm’s $13 per-share IPO price was far below its proposed 4160 to $19 per-share range. With under $60 million in private capital attached to Change before it went public, the company had big shoes to fill. Initial post-IPO arc: Change started life above its IPO price, but is still worth less than what it had initially hoped to be when it first gave pricing hints.Given that the firm had initially targeted a $17 to $19 per-share IPO price, it’s good news all the way down. The RealReal is currently worth $26.23, far above its $20 per-share IPO price. Not a great way to start life as a public company. Indeed, the company’s value has fallen since its debut, an offering that priced at the bottom of the company’s $11.50 to $14 per-share price range. Whatever magic Huya had, however, DouYu did not receive the same. After all, a similar offering in 2018 from Huya, another China-based esports company, had done well. Phreesia is worth $10 more per share today compared to its IPO price. What Phreesia’s IPO details is a market hungry for growth even smaller offerings can find a warm reception in 2019. You can check our notes on the company here, and here. But that doesn’t mean that the company wasn’t interesting enough for us to track. Phreesia’s modestly-sized healthtech IPO (the company provides check-in services on tables for medial settings) wasn’t a big deal in Silicon Valley. We covered its S-1 debut, its pricing here and here, and its initial, strong results. Sequoia was a key backer of the company while private. That’s a nice post-IPO appreciation.Ī customer experience venture, Medallia raised through Series F while private, making this IPO somewhat important from a venture-returns perspective. After going public in mid-July for $21 per share, equity in Medallia rose in value to about $40 as I update this post to include the company’s results. Medallia, not Medallica as we kept typing, has landed on its feet in the public markets. That’s a good margin higher than its IPO price of $28. It’s worth about $44 per share as we write to you. And after a period of time prepping its launch, Livongo’s equity has traded higher as a public company. Whatever we called the numbers, investors like them. Yet another 2019 healthtech offering, we described the company’s financials as having “quick revenue growth” along with “growing losses” when we first saw the figures. It’s been a fantastic year for health-focused tech companies to go public. Since going public at $26 per share, Health Catalyst’s equity has risen to more than $40 per share. What matters is that the company which focuses on health data was one more feather in the cap of healthtech. Health CatalystĬrunchbase News covered Health Catalyst when it raised $100 million earlier this year, but not during its IPO run. We’ll have more the next time we update this post. How it will fare isn’t clear, though early signals look promising. Dynatraceĭynatrace priced above its raised $13 to $15 per-share IPO price range after initially targeting an $11 to $13 range. 14 and was trading at $21.60 as of midday Aug. ![]() ![]() InMode’s stock stayed relatively flat around $14 for about a week after it began trading on the Nasdaq. Initial post-IPO arc: Slow start, but good short-term returns.We wrote about the company’s financials right before it went public, and since hitting the Nasdaq, 9F’s stock price has risen a bit to $11.29, as of midday Aug. Initial post-IPO arc: Modestly positive.Ĭhinese financial services and tech company 9F priced at the high end of its range of $7.50 to $9.50 per share.Its shares closed at $16.67 on its first day of trading, and is at $19.07 as of midday September 17. But pricing high has its consequences, and nearly a week after beginning trading on the public markets, SmileDirectClub’s stock still hasn’t hit $23. SmileDirectClubĭIY teeth straightening company SmileDirectClub set its IPO price at $23, above the price range of $19 to $22 the company had intended. Things are still going strong, with its stock trading at $19.34 as of midday September 18. Its IPO was a success, with its stock opening at $18 on its first day of trading. Cloudflare finally settled on pricing its shares at $15 after previously setting ranges of $10 to $12 and then $12 to $14. ![]()
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