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KholleKhokk
Jul 25, 2018 3:10 PM

Tenable IPO - $TENB - just do it. Long

US 100 IndexFXCM

Description

A new IPO here.

Tenable Holdings, ticker TENB.

Starting trading 26.07.2018

Price range $20-22, should be filled for $22.

I expect it to open at $27 and then to go 40%+ ($30-31) in first day.

Here is why:
  • Growing revenues at 50.9% y/y, $19 or 5.7x forward sales. Competitors are trading at 11.22x
  • Previous Cyber security IPOs skyrocketing last half year. As do many leading cybersecurity companies, see HACK etf's chart.
  • As of December 31, 2017, the company had 24,000 customers including 53% of the Fortune 500.
  • the firm has increased the price range from $17.00 - $19.00 to $20.00 - $22.00 and has increased the number of shares to be sold from 9.2 million to 10.9 million. (thats usually bullish!)
  • the company has almost no financial debt.
  • Research&Dev, Cost of revenue and Sales&Marketing costs are growing slower than revenue. Eventually the company will be profitable someday ;) But who needs profitable company in the market? ha-ha


p.s. Keep calm and buy Tech. We are in the bull market (everyone except the Zerohedge readers).

Comment

Company has priced 10.9M shares at $23.00. Nice!

Comment

We are in the bull market (except the Zerohedge readers && Facebook stock, haha).

Comment

+40% on first day it is... now wait and see the price action

Comment

Holding great on a weak market. Unlike the PDD IPO, which was falling right after IPO gap up and now return is near +-0%.

Comment

Now $34 or 47% higher than IPO price. No weakness shown so far.

Comment

Yes, we are still in bull market (except the Zerohedge readers && Facebook stock, haha-ha-ha).
$36+, successfully passed the first ER report.

Comment


IPOs are copycats. Working same as Eventbrite (EB)
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