Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Up To ~$2.5 Billion Worth of GitLab Shares May Be Eligible For Sale This Year

Algosun Global

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/gitlab-inc" target="_blank" data-smartkarma-citation="entities:34460:1" rel="noopener">GitLab (GTLB US)</a> , one of the key competitors of GitHub (Microsoft), filed for an IPO and sold ~8.4 million Class A shares today for $77.00 per share, implying a market cap of ~$13 billion at above the expected price range of $66.00-$69.00 per share on a fully diluted basis (including options and RSUs). Selling stockholders also sold additional ~1.98 million Class A shares. GitLab shares are expected to begin trading on Nasdaq Global Market under the trading symbol “GTLB”. Goldman Sachs, J.P. Morgan and Bank of America are lead underwriters on the IPO.   </p>

GitLab (GTLB US) , one of the key competitors of GitHub (Microsoft), filed for an IPO and sold ~8.4 million Class A shares today for $77.00 per share, implying a market cap of ~$13 billion at above the expected price range of $66.00-$69.00 per share on a fully diluted basis (including options and RSUs). Selling stockholders also sold additional ~1.98 million Class A shares. GitLab shares are expected to begin trading on Nasdaq Global Market under the trading symbol “GTLB”. Goldman Sachs, J.P. Morgan and Bank of America are lead underwriters on the IPO.   

GitLab IPO: Is $10 Billion+ Stock Valuation Too High?

Gitlab

GitLab IPO: Is $10 Billion+ Stock Valuation Too High?