IPO Profiles
Karooooo (KARO) an Attractively Valued Telematics Leader in International Markets
Karoooo/Cartrack (KARO) a recent IPO trading at a reasonable valuation that is worth taking a closer look at in a strengthening Telematics industry. KARO was founded in South Africa but now is headquartered in Singapore. Cartrack is a leading global provider of...
Zymergen (ZY) an Intriguing Disruptive Biofacturing Company with a Data Moat
Zymergen (ZY) a recent IPO trading back near its April debut price and an interesting story in the hot biologics space. Similar to a Biotech company these plays are dependent on the ability to reach commercialization, so there are plenty of risks, but also has...
IPO Profile: Monday.com (MNDY) Sees Massive Greenfield Opportunity in the Crowded Collaborative Work Space
Monday.com (MNDY) setting terms for their IPO this week offering 3.7M shares at $125-$140, raising $518M and valuing the company at $6.12B. The last funding round, per Bloomberg, valued the company at $2.7B in May 2020. The company is backed by some large VC names...
IPO Profile: Flywire (FLYW) a Intriguing Niche Play on International Payments Growth
Flywire (FLYW) an under-the-radar IPO set to debut today after pricing their deal at $24/share, selling 10.44M shares. Their valuation is $2.5B and deal is being run by Goldman, JP Morgan, Citi and BAML. FLYW has attracted a lot of VC money and recently raised a...
IPO Profile: Oatly (OTLY) an Attractive, Fast-Growing CPG Play On ESG, Millennial Trends
Oatly (OTLY) debuting this week after pricing their IPO at $17/share and then opening around $22, valuing the company at more than $10B. The Swedish company raised $1.4B. Blackstone is a 10% holder and they have other big name backers like Oprah and Starbucks CEO...
DigitalOcean (DOCN) a Differentiated Cloud Platform Focused on Small Businesses
DigitalOcean (DOCN) shares have now pulled back from its initial post-IPO strength and looks to be one of the more attractive sustainable growth stories with strong unit economics. DOCN is seeing strong growth, addresses a large $116B market opportunity, and has...
IPO Profile: Honest Co (HNST) Targets Fast-Growing Millennial Market for Household Goods and Personal Care
Honest Co (HNST) a notable IPO this week raising $400M, issuing 25.8M shares at $14-$17. The deal would value them at $1.6B. HNST is a consumer products company focusing on non-toxic products across baby care, skin and personal care, as well as household and wellness...
IPO Profile: Driven Brands an Underappreciated Play on Reopening as More Cars Hit the Road
Driven Brands (DRVN) a recent IPO that has underperformed since its debut but worth diving into deeper as we move into Summer driving season and an expected boost in miles traveled this year. Driven is a provider of automotive services under brands like Meineke Car...
IPO Profile: Cricut a fast-growing, profitable business in creative commerce
Cricut (CRCT) a recent IPO that has moved higher since its debut and has seen impressive growth the last few years boosted by secular tailwinds such as personalization, digitalization of tools, ecommerce entrepreneurs, and social media engagement. Cricut designed and...
SPAC Profile: Janus Industrial a Strong Play on Self-Storage, Warehouse Growth
Janus International (JBI), an interesting SPAC deal from late 2020 with Juniper Industrial (JIH), that drew call buys this week with the August $15 calls bought 1,500X for $1.05 and spread with 1000 August $20 calls sold for $0.35. The deal was announced in December...