GitLab Inc (GTLB) --Channel checks just completed, are current | SPAC сигналы

GitLab Inc (GTLB) --Channel checks just completed, are currently revealing, according to guidance that the deal is multiple-times oversubscribed. The books are scheduled to close Tuesday at 4pm in anticipation for a Thursday debut. This offering is being performed through Goldman Sachs' order entry system. It should be noted that 19% of this offering (1.98mm share) is secondary. The company has more than 3,600 customers including 383 customers with an annual recurring revenue greater than $100k. They generated revenue of $81.2 million and $152.2 million in fiscal 2020 and 2021, respectively, representing growth of 87%. They generated revenue of $63.9 million and $108.1 million for the six months ended July 31, 2020 and July 31, 2021, respectively, representing year over year growth of 69%. The company boasted 87% gross margins in the first half of 2021.Their net loss was $130.7 million, $192.2 million, and $69.0 million in fiscal 2020, fiscal 2021, and the six months ended July 31, 2021, respectively. The company’s dollar based net retention rate is 152% -- a strong metric. Existing shareholders include Khosla Ventures Funds (14.2% pre-IPO stake), ICONIQ Strategic Fund (11.7% pre-IPO stake) and Google Ventures (6.7% pre-IPO stake). This company has no headquarters and believes they help the speed of software innovation through their DevOps platform. Competitors include Microsoft which bought a similar company in 2008, Github, for $7.5b in stock in 2018. Other comps include high-flyers from past years including Confluent, Zscaler, Datadog and Snowflake. The multiple of this company has expanded based on the strong dynamics and the projected runway of this industry. Please monitor for potential information. Rating = 4.