monday.com, an Israel based company, is launching its IPO in the NASDAQ on June 9. monday.com provides a platform that enables managing workflows, thus saving time and optimizing projects and tasks. It also has a dedicated operating system, Works OS, which was specially designed for enterprise users and allows one to create a workspace for any team or use any of the 200+ ready made templates.Currently, monday.com platform is used by over 127K customers from 190 countries.
The platform is positioned as a very flexible one, as it is suitable for any number of employees and work amount. Currently, monday.com has a lot of requests from US and world's research centers that need to set up their remote offices.
In 2020, analysts valued monday.com at $2.70B, +42% compared to the previous investment round that occurred in 2019. This year, the earnings are expected at over $200M, against $120M in 2019.
monday.com IPO: Key Facts
● Exchange: Nasdaq (trading as MNDY)
● Market Cap: $5,792B
● Starting Price: $125 to $140 per share
● Earnings, in 1Q21: $59M
● EBIT, in 1Q21: -$38M
● Net Profit, in 1Q21: -$39M
● Net Debt, in 1Q21: 0
You can find monday.com Security Issue Memo on the SEC website.