SPDR S&P 500 ETF TRUST
Long
Updated

MULESOFT IPO

297
MuleSoft MMULE

IPO price $12-14 (possibly $15-16 due to high demand).

Revenue in 2016: $188M
Debt: $0


IPO size: 13 000 000 shares.

Total shares: 127 900 000 shares.

Potential valuation: $1.8B

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Company was created in 2006 and does the iPaaS for corporate companies.

Revenue last 3 years: 58M, 110M, 188M
Costs: 88M, 142M, 187M
which is mostly marketing & Research&Development, to achieve new clients.

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Some can say that its a garbage. But because there is only 9% of shares sold in this IPO,
and a lot of bulls in the market
I think that this will be successful.

Would like to see at least 40% growth in first day.
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MuleSoft has raised the offering price from $12-14 to $14-$16 through an S-1/A

that means high demand on the stock...BULLISH. maybe 50-100% growth in first day.
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After todays GREEN day, we could 100% say - that would be great IPO.
Buy on open and hold till the day end. Sell on first red H1 candle.
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Recieved 65% of my requested stocks... at the initial price of $17.
That might be not so good. might be 30-40% up only. Be carefull.
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About to open at $24-25 which is +40-50% from the initial price.
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snapshot
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snapshot
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BofA/Merrill initiated MMULE with a Neutral and a $27 price target
Goldman Sachs initiates as a neutral, $22
MMULE Jefferies initiates as a buy, $29P
Piper Jaffray initiates as an overweight, $30
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thank you $MULE! now 40+! HOLD

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