Following up on my previous post on Lemonade (where I outlined the bull case for the company), in this post I will do the opposite. I’ll discuss the bear case and play devil’s advocate to some of the bull arguments. Readers can then make up their minds on whether this company is a worthy addition … The post Lemonade, a closer look (part II) appeared first on IPO Hawk ..read more

It’s been about 100 days since Lemonade went IPO to much fanfare (and was actually the topic of my very first post ). It IPO’ed at $29 per share and rocketed up to a high of $96.51 per share on the back of strong investor demand. It has since followed a familiar pattern of retracing … The post Lemonade, a closer look (Part I) appeared first on IPO Hawk ..read more

Introduction Snowflake is a data warehouse-as-a-service provider in the United States. Its stated mission is “to enable every organization to be data driven.” Based in California, it was founded by Benoit Dageville, Thierry Cruanes (who were both architects at Oracle) and Marcin Zukowsi in 2012. Today, the company is led by Frank Slootman, who was … The post Snowflake IPO – a first look appeared first on IPO Hawk ..read more

Continuing the series that has looked at the performance of IPOs that have priced in 2020, this time I’m looking at the financials sector. This follows on from previous posts on Consumer Goods, Consumer Services and the Technology sector. In total there has been 9 financial sector IPOs during 2020: Fathom Holdings (NASDAQ: FTHM), Go … The post Class of 2020 – Financials Sector Performance Update appeared first on IPO Hawk ..read more

Introduction Duck Creek Technologies (NASDAQ: DCT) is a software-as-a-service (SaaS) provider to the Property & Casualty (P&C) insurance industry. Its mission is (broadly) to empower insurance carriers to transform their business by embracing its technology. The Boston-based company was founded in 2000 and initially provided on premise solutions to the P&C industry. It was acquired … The post Duck Creek Technologies IPO appeared first on IPO Hawk ..read more

An update from a previous post on Rocket Companies that you can find: here The company has had to significantly downsize its IPO by cutting both the price and the number of shares it is selling. It now plans to: Cut the price from $21 (mid point of the range it targeted) to $18.  Cut … The post Update: Rocket Companies IPO appeared first on IPO Hawk ..read more

An update from a previous (more detailed post) on BigCommerce you can find here As of last night, BigCommerce’s IPO has been priced at $24 per share. This is ~26% increase from the mid-point of the price range ($18-$20) first indicated. Additionally, 9,019,565 shares of its Series 1 common stock will be offered, which is … The post Update: BigCommerce IPO appeared first on IPO Hawk ..read more

Similar to last week, I’m taking a look at the performance of the IPOs that have priced in 2020 – but this time focusing on the consumer goods sector. In total, there has been 6 consumer goods IPOs during 2020: Albertsons Companies (NYSE: ACI), the AZEK Company (NYSE: AZEK), Casper Sleep (NYSE: CSPR) , OneWater … The post Class of 2020 – Consumer Goods Performance Update appeared first on IPO Hawk ..read more

Introduction Rocket Companies (NYSE: RKT), the parent company of Quicken Loans, is a mortgage lender in the US. Its mission (broadly) is to help its clients achieve the American dream of home ownership and financial freedom. The company was founded in 1985 by Dan Gilbert and has since grown to be the largest retail mortgage … The post Rocket Companies IPO appeared first on IPO Hawk ..read more

Introduction BigCommerce Holdings (NASDAQ: BIGC), based in Austin, is an e-commerce SaaS (software as a service) platform. Its mission is to ‘help merchants sell more at every stage of business growth.’ The company was founded in 2009 in Australia by co-founders Eddie Machaalani and Mitchell Harper (who apparently met in a chat room in 2003). … The post BigCommerce Holdings IPO appeared first on IPO Hawk ..read more