Tenable IPO - $TENB - just do it.

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).

Kommentar:

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

Kommentar:

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

Kommentar:

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

Kommentar:

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

Kommentar:

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

Kommentar:

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

Kommentar:

IPOs are copycats. Working same as Eventbrite ($EB)