馃攳
Snowflake and JFrog IPO Pricing and Palantir (PLTR) Trading Date Revealed + Investor Day Review! - YouTube
Channel: Healthy, Wealthy, and Wise
[0]
i have news today on some of the big
[1]
upcoming ipos including snowflake
[4]
jfrog and volunteer things were slow as
[6]
far as new companies going public this
[8]
week
[8]
but that's not going to last labor day
[11]
has passed us
[12]
now the real work begins
[18]
[Music]
[20]
welcome to the healthy wealthy and wise
[22]
channel where we have evolved to talk
[24]
about all the companies going public
[25]
whether it's by traditional ipo a spac
[28]
or a direct listing
[30]
as part of that coverage we have a
[31]
weekly featured program called ipo this
[34]
week
[34]
where we talk about every company going
[36]
public for the upcoming week
[37]
as well as all the ipo lockup and
[39]
notable quiet period expirations
[41]
for this week's episode because we had
[43]
no traditional ipo starting to trade
[45]
and i needed something to talk about we
[48]
took a little glance into the near
[49]
future and looked at some of the biggest
[50]
names out there in the pipeline
[52]
airbnb snowflake and palantir and wow
[56]
did that episode do well becoming the
[58]
most popular video posted to date
[60]
and bringing in well over a thousand new
[62]
subscribers in just two days
[64]
whether you're new to the channel or
[65]
you've been with me for a while i just
[67]
want to thank you for joining the
[68]
community
[69]
it's always great for me when someone
[70]
watches one of my videos and realizes
[72]
that i'm not a fan of or trying to push
[74]
you on a particular company
[75]
but i'm not making any pie in the sky
[77]
recommendations or price targets
[79]
and yet they still subscribe because
[80]
they value me just researching and
[82]
sharing the information in an easy to
[84]
understand and concise way
[86]
and also sprinkling some of my own
[87]
personal thoughts here and there
[89]
so again thank you for all of your
[91]
support in the great discussions we've
[93]
been having in the comments
[95]
for today i knew i would need to talk
[97]
about some news that came out after i
[98]
recorded ipo this week
[100]
we had updates to two companies with a
[102]
lot of investor interest
[103]
setting the pricing expectations for
[105]
their ipos those companies being
[107]
snowflake and jfrog
[109]
and then we also had palantir hold their
[110]
investor day live stream and release
[112]
another amended filing
[114]
i'll give you a brief overview of the
[115]
live stream and what i found interesting
[117]
and then also share with you how you can
[118]
watch the replay if you missed it and
[120]
still want to see it
[121]
and probably the thing that you will be
[123]
most interested in is that i give you
[124]
some big news on when they plan to start
[126]
trading
[127]
yes i'll give you a date right from
[128]
palantir so hang on for that
[131]
but first i'll give you a quick update
[132]
on the spac we talked about going public
[134]
this week
[135]
and that was for industrial tech
[137]
acquisitions a blank check company that
[139]
plans to acquire industrial or energy
[140]
focused technology business
[142]
the spac was priced for its ipo at ten
[144]
dollars per unit
[145]
they began trading today under the
[147]
ticker itacu
[148]
and they opened and spent the day
[150]
trading just under that 10 dollar price
[152]
settling at 9.97 at close we'll see how
[155]
that price goes once the company finds
[157]
and announces a merger target
[159]
just a quick reminder that i'm not a
[160]
financial advisor and while this video
[162]
is meant to be informative
[163]
it should not be seen as a
[165]
recommendation for you to take any
[166]
action on the companies covered
[168]
you should always do your own research
[169]
or consult with your own financial
[171]
advisor when making any investment
[172]
decision
[174]
so on to two highly anticipated
[176]
companies looking to ipo soon
[177]
keep in mind they don't have exact dates
[179]
but now that they have announced terms
[181]
we're another step closer to them going
[182]
public if you have your notification
[184]
bell turned on
[185]
you'll know as soon as i have that
[187]
information because well
[188]
i'll post it another good reason to be
[190]
subscribed to the channel
[192]
so let's start with jfrog for those of
[194]
you not familiar with the company
[196]
jfrog is another one of the companies
[198]
looking to go public with tech heavy
[199]
credentials
[201]
the company is one that sells software
[202]
tools that help to streamline app
[204]
development
[205]
jfrog was founded in 2008 with the
[207]
mission to develop an integrated and
[209]
full-featured system to enable software
[211]
development and i t
[212]
operations teams to more quickly and
[214]
easily develop and deploy
[216]
new software releases in their filing
[219]
they talk about how they built the
[220]
world's first
[221]
universal package repository named jfrog
[223]
artifactory
[224]
to fundamentally transform the way that
[226]
the software release cycle was managed
[229]
they state that their package-based
[230]
approach to releasing software
[232]
allows releases to be continuous and
[234]
software to always be current
[236]
from the street.com recent financial
[238]
data was summarized as jfrog having
[240]
sharp growth in top line revenue
[242]
increasing gross profit in high but
[244]
variable gross margin
[246]
nearly break even operating loss and
[248]
increasing cash flow from operations
[251]
the company is based in israel and
[253]
incorporated in california
[255]
in their amended s-1 filing release this
[257]
week jfrog plans to raise 405 million
[260]
dollars by offering 11.6 million shares
[263]
at a price range of 33 to 37 at the
[266]
midpoint of the proposed range which
[267]
would be 35
[269]
jfrog would command a fully diluted
[271]
market value of 3.5 billion dollars
[273]
the company plans to list on the nasdaq
[275]
under the symbol
[276]
frog we'll talk more about the company
[279]
as it gets closer to the actual ipo
[282]
the second company that has set his
[283]
terms is one we've talked about in a
[285]
couple of videos on the channel
[286]
and that is snowflake i am not going to
[288]
repeat anything from those videos today
[290]
so if you've already seen them
[292]
you don't have to hear the same things
[293]
over and over but if you haven't seen
[295]
them
[296]
i will link them in the description if
[297]
you're looking for more information on
[298]
the background of the company
[300]
and some of its recent financial data
[302]
this is one of those companies that
[304]
there is a lot of interest in so as we
[306]
get closer to trading
[307]
i'll post a comprehensive video on the
[309]
company that will also include me
[310]
sharing my own thoughts for the first
[312]
time on investing in the company
[315]
so the latest from the cloud data
[317]
warehousing company is that they have
[318]
set the terms for their ipo
[320]
snowflake plans to raise 2.2 billion
[322]
dollars by offering 28 million shares at
[324]
a price range of 75 to 85 dollars
[328]
while price doesn't equal value how many
[330]
of you all of a sudden felt that stock
[332]
might be pricier than you thought it
[333]
would be
[334]
let me know in the comments what you
[335]
think about the expected price and if
[337]
that affects your
[338]
strategy in buying in at the mid point
[340]
of the proposed range
[341]
snowflake would command a fully diluted
[343]
market value of 28.2 billion dollars
[346]
at pricing snowflake would be the
[348]
largest ever ipo of a software seller
[350]
both in terms of proceeds raised in ipo
[352]
market cap
[353]
so that's the pricing now here's where
[355]
it gets really interesting
[357]
this is from the amended s1 filing
[359]
immediately subsequent to the closing of
[362]
this offering
[362]
and subject to certain conditions of
[364]
closing as described in the section
[366]
titled concurrent private placements
[368]
each of salesforce ventures llc and
[371]
berkshire hathaway inc
[372]
will purchase 250 million dollars of our
[375]
class a common stock from us in a
[376]
private placement at a price per share
[378]
equal to the initial public offering
[380]
price based on an assumed initial public
[383]
offering price of 80
[384]
per share which is the midpoint of the
[385]
price range set forth on the cover page
[387]
of this prospectus
[388]
each of salesforce ventures llc in
[391]
berkshire hathaway incorporated
[393]
would purchase three million one hundred
[394]
twenty five thousand shares of her class
[396]
a common stock
[398]
jumping ahead in addition berkshire
[401]
hathaway inc has agreed to purchase four
[403]
million forty two thousand
[404]
and forty three shares of our class a
[406]
common stock from one of our
[407]
stockholders in a secondary transaction
[410]
at a price per share equal to the
[411]
initial public offering price that will
[413]
close immediately
[414]
subsequent to the closing of this
[416]
offering so what this means is that the
[418]
company plans to raise an additional 500
[420]
million dollars in concurrent private
[422]
placements to salesforce ventures
[424]
in berkshire hathaway yes the same
[427]
berkshire hathaway that made warren
[428]
buffett
[429]
a household name and vice versa and with
[431]
that secondary transaction
[433]
berkshire will end up with having much
[435]
more than that 250 million dollars
[437]
invested from the first transaction
[439]
now buffett always says to invest in
[441]
what you know i'm not sure how much he
[443]
knows about the cloud and data
[444]
warehousing
[445]
but he knows huge growth when he sees it
[448]
this announcement will only make
[449]
snowflake more attractive than it
[451]
already is
[452]
again i don't have a date yet but stay
[454]
tuned to the channel and i'll let you
[455]
know when i have it
[457]
now let's jump the palette here and some
[458]
big news today they held their investor
[460]
day presentation on a live stream in
[462]
which i was able to attend and on that
[464]
live stream
[465]
they did have one particular piece of
[466]
information that i was hoping to hear
[468]
about
[468]
and that was some data on what the stock
[470]
was trading for in the private markets
[472]
i'll get to that in a minute overall i
[475]
have to say that the presentation was
[476]
what i expected
[477]
and that they shared a lot of
[478]
information that was already in the s1
[480]
filing
[481]
and knowing that this obviously was
[482]
meant to be a promotional event
[484]
that meant of course that they didn't
[486]
address some of the more controversial
[488]
aspects of their upcoming direct listing
[490]
such as the corporate governance
[492]
structure regarding the special class
[494]
f shares that we talked about on ipo
[496]
this week that wasn't addressed in any
[498]
detail
[498]
as well as the amended filing stating
[500]
that the company could be a controlled
[501]
company
[502]
although after looking at it it almost
[504]
is a certainty that this will function
[506]
as a control company where public
[507]
investors will have no legal say in the
[509]
direction of the company
[510]
remember they're doing a direct listing
[513]
versus a traditional ipo
[514]
and they aren't offering any new shares
[517]
they're just letting current private
[518]
investors
[519]
employees with shares to be able to sell
[520]
them one thing unique with their direct
[522]
listing is that they will have locked up
[524]
shares
[524]
which isn't typical for companies going
[526]
the direct listing route
[528]
from the cfo only 20 percent of existing
[530]
shares and options can be traded freely
[532]
on the first day of trading
[534]
which reminds me i get a lot of
[535]
questions on the date of the stock
[536]
trading
[537]
while most of the time i don't have
[538]
anything official because these things
[540]
are very fluid
[541]
but i do have something to share with
[543]
you today according to their most
[544]
recently amended s1 filing
[546]
palantir who will trade under the ticker
[548]
pltr
[549]
has announced that it will plans to
[551]
start trading on september 23rd on the
[553]
new york stock exchange
[554]
so there's some breaking news for you if
[556]
you like that you know what to do
[560]
back to the share lockups for the
[561]
remaining 80 of shares
[563]
they will become available in the third
[564]
business day following the release of
[566]
fiscal year 2020 earnings
[568]
so when this year's earnings come out we
[570]
could see some more volatility in the
[571]
share price when those 80 percent of
[573]
shares are finally able to hit the
[574]
market
[575]
if you want more information on lockup
[576]
expirations check out a video i did on
[579]
ipo basics and how i applied them to
[580]
albertson's companies
[582]
the grocery company that went public
[583]
this summer i'll link it for you
[586]
as far as the live stream the
[587]
information i found most beneficial was
[589]
to see how the stock had been trading
[590]
amongst private investors
[593]
you can see for most of the year the
[594]
stock was trading around the five dollar
[596]
mark
[596]
but over the last two months it's
[598]
trended significantly higher with the
[600]
volume weighted average price being 7.31
[603]
for august no doubt due to anticipation
[606]
of the company going public
[608]
on the last day of secondary trading
[609]
which was on september 1st
[611]
the average price was up to 9 17. these
[614]
numbers are good to know to have a
[615]
reference of what the stock might be
[617]
worth
[617]
but keep in mind that there will be
[619]
almost without a doubt a premium to that
[621]
price once it trades publicly for the
[622]
first time because of all the interest
[624]
out there
[625]
so if you missed the live stream why
[627]
might you still want to watch it
[628]
well if you're still learning about the
[629]
company its products and what they do it
[631]
will be helpful in getting a better
[633]
understanding
[634]
there's also a benefit of hearing the
[635]
performance numbers of the company from
[637]
people as compared to just reading them
[639]
from a filing and by watching a lot of
[641]
different people of the company
[643]
you get a better idea of the culture
[644]
that is there if you want to watch a
[646]
replay of the event you can see it at
[648]
vimeo.com
[649]
backslash palantir it's just two hours
[652]
long and to give you an idea of what's
[653]
on it the first 47 minutes are the
[655]
numbers and information from the
[656]
company's leadership
[658]
from about that 47 minute mark on and
[660]
for about the next hour
[661]
you hear from people that work for the
[662]
company and then the last 15 to 20
[665]
minutes you'll hear from co-founder and
[666]
ceo
[667]
alex carp so if you're on the fence and
[669]
want to learn more about the company
[670]
check it out
[671]
just remember it's a promotional event
[673]
so there's a definite rah-rah factor
[674]
here
[675]
before it starts to trade i'll
[677]
definitely share my own personal
[678]
thoughts on the pros and cons for
[679]
investing in the company
[680]
so stay tuned for that let's wrap it
[682]
here for now
[683]
but don't worry i'll have more for you
[685]
soon i hope you enjoy the video and if
[687]
you did please push that like button
[689]
share with your friends and on any of
[690]
your social media sites and forums
[692]
you're on
[693]
anything you can do to help me grow the
[694]
channel will allow me to justify putting
[696]
more resources to it
[697]
and if you're new to the channel or just
[699]
an occasional visitor we'd love to have
[701]
you join the community
[702]
it's totally free you just gotta press
[704]
that red subscribe button
[705]
we'd love to have you on board thank you
[707]
for watching and until next time have a
[709]
great day
[716]
[Music]
[728]
so
[730]
you
Most Recent Videos:
You can go back to the homepage right here: Homepage