IPO Profiles
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...
Hayward Holdings: Another Outdoor Sanctuary Stock in the Pool
Hayward (HAYW) recently came public as a very familiar Industrial equipment name to anyone that has a pool. There have been limited ways to play the Pool theme with Pool Corp (POOL) a long-time compounder and Pentair (PNR) another pump-maker. Leslie’s (LESL) is...
IPO Profile: Olo (OLO) a Smart Play on Delivery, Digital Growth for Restaurants
Olo (OLO) a very interesting IPO that debuted two-weeks ago and has been fairly quiet since it first started trading. Shares jumped 39% in its first day after pricing at $25 and raising around $450M at a $3.6B valuation. The company had previously raised less than...
IPO Profile: Roblox (RBLX) at the Intersection of Social & Content
Roblox (RBLX) a new issue in the online entertainment platform industry with a market cap of $37.5B after its recent IPO and trading 20.5X FY21 and 15.8X FY22 EV/Sales with revenues growing 56.4% in 2019 and 81.7% in 2020 with forecasts for 103% growth in 2021. RBLX...
SPAC Profile: IronSource Another ‘Pick and Shovel’ Play on Videogame Growth
IronSource an intriguing SPAC deal announced this week with Thoma Bravo Advantage (TBA), another tangent on videogame development and growth. The deal values IronSource around $11B. This is the latest in a long line of game-related IPOs in 2020 and 2021 including...
IPO Profile: Bumble (BMBL) Positioned as a Unique Offering in Growing Dating Market
Bumble (BMBL) a recent IPO that is setting up well and showing relative strength recently with shares flagging above the rising 8-EMA after earnings last week. BMBL opened and traded down to $58 prior to earnings, wide range and potential on a move higher up to $100...
IPO Profile: Katapult (KPLT)
Katapult (KPLT) an interesting SPAC deal announced late in 2020 with FinServ Acquisition (FSRV) at an implied EV of $993M. The deal will close in the 1H of 2021. The company offers ecommerce POS solutions of nonprime shoppers in the US. Katapult offers flexible lease...