public offering
INTRODUCTION: EXERCISE CAUTION WITH IPOS
There have been a lot of high-profile initial public offerings, or IPOs, over the last couple of years. Prominent names include Airbnb, DoorDash, Snowflake, Lightspeed POS and Zoom Video, as well as Uber and Lyft....
We continue to keep an eye on activist investors. Like us, they search for undervalued firms that can boost shareholder value by selling or spinning off assets, or putting themselves up for sale. Here are three recent examples.
CLOUDERA INC. $16 is a hold. The company (New York symbol CLDR, Manufacturing & Industry sector; Shares outstanding: 296.1 million; Market cap: $4.7 billion; No dividend paid; Takeover Target Rating: Highest; www.cloudera.com) makes software for data engineering, data warehousing, machine learning and analytics....
CLOUDERA INC. $16 is a hold. The company (New York symbol CLDR, Manufacturing & Industry sector; Shares outstanding: 296.1 million; Market cap: $4.7 billion; No dividend paid; Takeover Target Rating: Highest; www.cloudera.com) makes software for data engineering, data warehousing, machine learning and analytics....
“Buy land, they aren’t making it anymore”
—U.S. author/humourist Samuel Langhorne Clemens (1835-1910), who is more widely known by his pen name, Mark Twain.
We think real estate investment trust Gladstone Land lets you profit from owning U.S....
—U.S. author/humourist Samuel Langhorne Clemens (1835-1910), who is more widely known by his pen name, Mark Twain.
We think real estate investment trust Gladstone Land lets you profit from owning U.S....
A: Dropbox Inc., $29.34, symbol DBX on Nasdaq (Shares outstanding: 318.0 million; Market cap: $11.7 billion; www.dropbox.com), is a U.S. company that provides cloud storage and related services for both individuals and firms.
Beginning in 2007, the company has focused on providing a way to synchronize computer files between registered users....
Beginning in 2007, the company has focused on providing a way to synchronize computer files between registered users....
As we’ve often pointed out, IPOs tend to come to market when it’s a good time for the company or its insiders to sell. That may not be, and often isn’t, a good time for you to buy.
One common problem is that the IPO sales process drums up a temporary wave of buying that can push up the stock’s price....
One common problem is that the IPO sales process drums up a temporary wave of buying that can push up the stock’s price....
Electronic payment processor PayPal has soared nearly 215% during the COVID-19 pandemic, as the government-ordered shutdown of stores accelerated the shift to online shopping. We see this as the start of a lasting shift in the payments business and that should give PayPal many more years of growth ahead.
That’s partly because the company continues to benefit from its 2015 spin-off from eBay....
That’s partly because the company continues to benefit from its 2015 spin-off from eBay....
Expanding by acquisition is always riskier than growth from existing operations. Still, here are two companies that we feel will benefit from their latest purchases.
DYE & DURHAM LTD. $43 is a buy. The company (Toronto symbol DND, Manufacturing & Industry sector; Shares outstanding: 46.7 million; Market cap: $2.0 billion; Dividend yield: 0.2%; Takeover Target Rating: Medium; www.dyedurham.com) is a cloud-based software provider for legal and business professionals.
On July 17, 2020, Dye & Durham completed an initial public offering of 17 million shares at $7.50 each....
A: The decision to go public or remain private depends on a number of factors that a company’s owners must evaluate from the unique perspective of the firm.
The main reason that a company sells shares to the public through an initial public offering (IPO) is to raise capital from a large number of investors....
The main reason that a company sells shares to the public through an initial public offering (IPO) is to raise capital from a large number of investors....
TOURMALINE OIL CORP. $18 is a hold. The company (Toronto symbol TOU; Resources sector; Shares outstanding: 272.3 million; Market cap: $4.9 billion; Dividend yield: 3.1%; Takeover Target Rating: Medium; www.tourmalineoil.com) is a Canadian oil and natural gas exploration, development and production company....
Eli Lilly has gained over 25% since it spun off its Elanco animal health business two years ago. The split lets the company concentrate on its main pharmaceutical business. In addition to its impressive portfolio of current products and those in its pipeline, Eli Lilly’s new breakthrough drug to treat patients in the early stages of COVID-19 should spur its long-term growth.
Meanwhile, spinoff Elanco has struggled since the split but a new plan to lower its costs and debt sets it up for future growth....
Meanwhile, spinoff Elanco has struggled since the split but a new plan to lower its costs and debt sets it up for future growth....