IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

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<li>
<a href="https://www.smartkarma.com/entities/nitro-software-ltd" target="_blank" data-smartkarma-citation="entities:30943:1" rel="noopener">Nitro Software Ltd (NTO AU)</a> entered a trading halt in response to an AFR report that Potentia has lobbed an indicative non-binding proposal at A$1.58 per share.</li>
<li>Potentia’s offer follows its success in securing a 17% stake at A$1.58 per share on Monday night. The stake is large enough to deter rival schemes. </li>
<li>The offer is opportunistic and unattractive. However, the ability of Potentia to relatively quickly secure a significant stake suggests that the Board will be under pressure to engage.</li>
</ul>



Nitro Software Ltd (NTO AU) entered a trading halt in response to an AFR report that Potentia has lobbed an indicative non-binding proposal at A$1.58 per share.
Potentia’s offer follows its success in securing a 17% stake at A$1.58 per share on Monday night. The stake is large enough to deter rival schemes. 
The offer is opportunistic and unattractive. However, the ability of Potentia to relatively quickly secure a significant stake suggests that the Board will be under pressure to engage.


Nitro’s Opportunistic A$1.58 Offer from Potentia

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

<ul><li>DocuSign delivered a mixed set of results to start of the current fiscal as the company surpassed the revenue expectations of Wall Street but missed out on earnings.</li><li>The company saw a decent performance on the international revenue and billings front and added around 67,000 new customers.</li><li>Being optimistic about the company, we provide the stock of DocuSign an ‘Outperform’ rating with a revision in target price.</li></ul>

DocuSign delivered a mixed set of results to start of the current fiscal as the company surpassed the revenue expectations of Wall Street but missed out on earnings.The company saw a decent performance on the international revenue and billings front and added around 67,000 new customers.Being optimistic about the company, we provide the stock of DocuSign an ‘Outperform’ rating with a revision in target price.

DocuSign Inc.: The CLM Essentials Launch & Other Drivers

<ul><li>DocuSign had a solid finish to 2021 as the management was successfully able to balance profitability and growth.</li><li>DocuSign added 28000 new customers to their kitty and saw a staggering 45% growth in the top-line as compared to 2020.</li><li>Overall, we remain optimistic about DocuSign and give the company stock an 'Outperform' rating with a revised target price.</li></ul>

DocuSign had a solid finish to 2021 as the management was successfully able to balance profitability and growth.DocuSign added 28000 new customers to their kitty and saw a staggering 45% growth in the top-line as compared to 2020.Overall, we remain optimistic about DocuSign and give the company stock an 'Outperform' rating with a revised target price.

<ul><li>The electronic signature market has accelerated after the Covid-19 induced tailwinds and market leader, DocuSign has continued to stay on top despite strong competition from a behemoth like Adobe.</li><li>Both companies have their fair share of positives and it is interesting to place them side-by-side and evaluate their financial performance.</li><li>It would also be interesting to look at the key competitive advantages that both, DocuSign and Adobe hold, which are making them such strong forces, not just in the e-signature market but also in other markets.</li></ul>

The electronic signature market has accelerated after the Covid-19 induced tailwinds and market leader, DocuSign has continued to stay on top despite strong competition from a behemoth like Adobe.Both companies have their fair share of positives and it is interesting to place them side-by-side and evaluate their financial performance.It would also be interesting to look at the key competitive advantages that both, DocuSign and Adobe hold, which are making them such strong forces, not just in the e-signature market but also in other markets.

Adobe vs. DocuSign - The E-Signature Playground (01/2022)

<ul><li>DocuSign delivered a fair result with third quarter as revenue increased 42% year over year to $545 million and the operating margin reached 22%, exceeding the company's guidance.</li><li>However, they fell short of their billing guidance, with a year-over-year increase of 28% and have heavily disappointed the market.</li><li>The biggest disappointment came in the form of a very weak fourth-quarter revenue guidance and an expectation for slowing growth in revenues and billions.</li></ul>

DocuSign delivered a fair result with third quarter as revenue increased 42% year over year to $545 million and the operating margin reached 22%, exceeding the company's guidance.However, they fell short of their billing guidance, with a year-over-year increase of 28% and have heavily disappointed the market.The biggest disappointment came in the form of a very weak fourth-quarter revenue guidance and an expectation for slowing growth in revenues and billions.

DocuSign: Not The Same Hypergrowth Story Anymore (12/2021)

United States

DocuSign, Inc. provides electronic signature solutions. The Company offers platform that enables businesses of all sizes to digitally prepare, sign, act on, and manage agreements. DocuSign serves mortgage, non-profit, government, real estate, insurance, technology, and healthcare industries worldwide.

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DocuSign (DOCU US)

Nitro’s Opportunistic A$1.58 Offer from Potentia

AFR reports Potentia has lobbed a bid at A$1.58. While the offer is unattractive, the ability of Potentia to secure a significant stake suggests...

Arun George

DocuSign Inc.: The CLM Essentials Launch & Other Drivers

DocuSign delivered a mixed set of results to start of the current fiscal as the company surpassed the revenue expectations of Wall Street but...

Baptista Research

DocuSign Inc.: Investment Thesis

DocuSign had a solid finish to 2021 as the management was successfully able to balance profitability and growth. DocuSign added 28000 new...

Baptista Research

Adobe vs. DocuSign - The E-Signature Playground (01/2022)

The electronic signature market has accelerated after the Covid-19 induced tailwinds and market leader, DocuSign has continued to stay on top...

Baptista Research

DocuSign: Not The Same Hypergrowth Story Anymore (12/2021)

DocuSign delivered a fair result with third quarter as revenue increased 42% year over year to $545 million and the operating margin reached 22%,...

Baptista Research

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