Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Observability Is Not Just Datadog: Why Elastic and Dynatrace Are Great Longs

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GitLab IPO: Is $10 Billion+ Stock Valuation Too High?

Algosun Global

Equity Bottom-Up

<p>DevOps SaaS unicorn <a href="https://www.smartkarma.com/entities/gitlab-inc" target="_blank" data-smartkarma-citation="entities:34460:1" rel="noopener">GitLab (GTLB US)</a>  successfully completed IPO in October and sold ~8.4 million Class A shares at $77.00 per share, excluding the sale of Class A shares by the selling stockholders. The company could raise more than $600 million, implying IPO valuation of ~$12.9 billion on a fully-diluted basis (including 21.3 million shares upon the exercise of options and 3 million shares subject to RSUs). GitLab stock is trading at around $130.00 per share and IPO investors are still up ~70%. However, keeping in mind lofty valuations and early lockup expiration that is set to release up to ~19.2 million shares of GitLab, we think tech investors should be cautious in near-term and take profits after successful IPO.     </p>

DevOps SaaS unicorn GitLab (GTLB US)  successfully completed IPO in October and sold ~8.4 million Class A shares at $77.00 per share, excluding the sale of Class A shares by the selling stockholders. The company could raise more than $600 million, implying IPO valuation of ~$12.9 billion on a fully-diluted basis (including 21.3 million shares upon the exercise of options and 3 million shares subject to RSUs). GitLab stock is trading at around $130.00 per share and IPO investors are still up ~70%. However, keeping in mind lofty valuations and early lockup expiration that is set to release up to ~19.2 million shares of GitLab, we think tech investors should be cautious in near-term and take profits after successful IPO.     

Up To ~$2.5 Billion Worth of GitLab Shares May Be Eligible For Sale This Year

Gitlab

Up To ~$2.5 Billion Worth of GitLab Shares May Be Eligible For Sale This Year