Tenable IPO - $TENB - just do it.

A new IPO here.

Tenable Holdings, ticker .

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).

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

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

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

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

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

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

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IPOs are copycats. Working same as Eventbrite ()

KholleKhokk

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KholleKhokk

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