Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

Godaddy Inc Class A / Equity Capital Markets

<ul><li>In the first quarter, GoDaddy drove double-digit growth in its Commerce and Applications segment, supported by 10% ARR growth in its Create and Grow products.</li><li>The Core Platform revenue of GoDaddy was $698 million, with a strong normalized EBITDA margin.</li><li>The newly managed WooCommerce store offering of GoDaddy replaced its old managed WordPress Commerce offering.</li></ul>

In the first quarter, GoDaddy drove double-digit growth in its Commerce and Applications segment, supported by 10% ARR growth in its Create and Grow products.The Core Platform revenue of GoDaddy was $698 million, with a strong normalized EBITDA margin.The newly managed WooCommerce store offering of GoDaddy replaced its old managed WordPress Commerce offering.

GoDaddy Inc: Tapping Into The AI Market For Growth? – Major Drivers

<ul><li>GoDaddy delivered a mixed set of results for the last quarter.</li><li>However, it did manage an earnings beat which was largely a result of the robust consumer retention.</li><li>This quarter, GoDaddy launched free SSL on almost all innovative web hosting plans in its major markets.</li></ul>

GoDaddy delivered a mixed set of results for the last quarter.However, it did manage an earnings beat which was largely a result of the robust consumer retention.This quarter, GoDaddy launched free SSL on almost all innovative web hosting plans in its major markets.

GoDaddy Inc: Major Drivers, Financial Forecasts, DCF & Comparables Valuation, Key Risks (01/23)

Credit

<ul><li>GoDaddy is a cloud-based solutions provider and one of the largest players in the domains, hosting and other related cloud-based services.</li><li>The company is currently facing a challenging forex environment but this has not stopped them from delivering a positive result.</li><li>This quarter, the company launched its beta WooSaas solution, allowing it to reach larger customers.</li></ul>

GoDaddy is a cloud-based solutions provider and one of the largest players in the domains, hosting and other related cloud-based services.The company is currently facing a challenging forex environment but this has not stopped them from delivering a positive result.This quarter, the company launched its beta WooSaas solution, allowing it to reach larger customers.

GoDaddy Inc: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on cloud-based solutions provider, GoDaddy.</li><li>The company is one of the largest players in the domains, hosting and other related cloud-based solutions space across the globe.</li><li>This quarter, the company launched its beta WooSaas solution, allowing it to reach larger customers.</li></ul>

This is our first report on cloud-based solutions provider, GoDaddy.The company is one of the largest players in the domains, hosting and other related cloud-based solutions space across the globe.This quarter, the company launched its beta WooSaas solution, allowing it to reach larger customers.

GoDaddy Inc: Initiation of Coverage – Business Strategy

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Founded in 2003 by the CEO Anthony Casalena, Squarespace is getting ready to complete its direct public listing on May 19 on the New York Stock Exchange. Squarespace raised $300 million ($68.42 per share) in March 2021 from investors including Tiger Global, D1 Capital Partners, and Fidelity Management &amp; Research Company, valuing the company at nearly<a href="https://www.reuters.com/article/us-squarespace-funding-idUSKBN2B832O" target="_blank" rel="noopener"> $10 billion. </a>Other major investors of the company include Accel, Index Ventures, and General Atlantic. Squarespace joins a list of numerous technology companies that have become public through the direct listing route, including <a href="https://www.smartkarma.com/entities/palantir-technologies-inc" target="_blank" data-smartkarma-citation="entities:27728:1" rel="noopener">Palantir Technologies Inc (PLTR US)</a>, <a href="https://www.smartkarma.com/entities/roblox-corp" target="_blank" data-smartkarma-citation="entities:29697:1" rel="noopener">ROBLOX Corp (RBLX US)</a>, and <a href="https://www.smartkarma.com/entities/coinbase-global-inc" target="_blank" data-smartkarma-citation="entities:32227:1" rel="noopener">Coinbase (COIN US)</a>. Squarespace's shareholders have registered to sell about 40.4 million common shares with the CEO Anthony Caslena holding a 68.2% stake. Squarespace is a one-stop-shop platform for websites creation, domains, e-commerce, and marketing tools for companies and organizations to manage their social media presence. The company generated sales of $621.2 million in 2020, up 28.1% YoY. Its sales growth accelerated by 31.3% YoY to $179.7 million in 1Q 2021. Although the company benefited from higher sales and gross margins, its operating margins declined from 12.7% in 2019 to 6.5% in 2020, which was caused by higher R&amp;D and sales &amp; marketing expenses.

Founded in 2003 by the CEO Anthony Casalena, Squarespace is getting ready to complete its direct public listing on May 19 on the New York Stock Exchange. Squarespace raised $300 million ($68.42 per share) in March 2021 from investors including Tiger Global, D1 Capital Partners, and Fidelity Management &amp; Research Company, valuing the company at nearly $10 billion. Other major investors of the company include Accel, Index Ventures, and General Atlantic. Squarespace joins a list of numerous technology companies that have become public through the direct listing route, including Palantir Technologies Inc (PLTR US), ROBLOX Corp (RBLX US), and Coinbase (COIN US). Squarespace's shareholders have registered to sell about 40.4 million common shares with the CEO Anthony Caslena holding a 68.2% stake. Squarespace is a one-stop-shop platform for websites creation, domains, e-commerce, and marketing tools for companies and organizations to manage their social media presence. The company generated sales of $621.2 million in 2020, up 28.1% YoY. Its sales growth accelerated by 31.3% YoY to $179.7 million in 1Q 2021. Although the company benefited from higher sales and gross margins, its operating margins declined from 12.7% in 2019 to 6.5% in 2020, which was caused by higher R&amp;D and sales &amp; marketing expenses.

United States

GoDaddy, Inc. provides a cloud-based web platform for small businesses, web design professionals and individuals. The Company's platform provides applications that help them connect to their customers, manage their businesses and get found online.

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Godaddy Inc Class A (GDDY US)

GoDaddy Inc: Tapping Into The AI Market For Growth? – Major Drivers

In the first quarter, GoDaddy drove double-digit growth in its Commerce and Applications segment, supported by 10% ARR growth in its Create and...

Baptista Research

GoDaddy Inc: Major Drivers, Financial Forecasts, DCF & Comparables Valuation, Key Risks (01/23)

GoDaddy delivered a mixed set of results for the last quarter. However, it did manage an earnings beat which was largely a result of the robust...

Baptista Research

GoDaddy Inc: Detailed Credit Analysis & Financial Strength Evaluation Report

GoDaddy is a cloud-based solutions provider and one of the largest players in the domains, hosting and other related cloud-based services. The...

Baptista Research

GoDaddy Inc: Initiation of Coverage – Business Strategy

This is our first report on cloud-based solutions provider, GoDaddy. The company is one of the largest players in the domains, hosting and other...

Baptista Research

Squarespace Direct Listing Preview

Squarespace is getting ready to complete its direct public listing on May 19 on the New York Stock Exchange. In this insight, we provide the key...

Douglas Kim

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