Canadians carrying out online stock trading in US stocks need to look out for fresh IPOs. IPOs (initial public offerings) are when companies register themselves at a stock exchange to publicly trade their stocks. It is also important to analyze what kind of companies they are, and whether their stocks would be able to continue to generate interest and raise value.
Talend SA, the French, Silver Lake-backed company, filed for initial public offering for raising up to $86.25 million. The company revealed to the US Securities and Exchange Commission that the IPO was being underwritten by JPMorgan, Goldman Sachs, Citigroup, Barclays and William Blair. It will list its common stock under the “TLND” symbol on the NASDAQ.
Though based in France, Talend has Redwood City, California as its primary base. According to the 2012 Jumpstart Our Business Startups Act, Talend is an emerging growth company. According to what’s seen in the filing, Talend could make use of the lesser reporting requirements which the classification allows. Talend had to post a $22 million net loss on a $76 million revenue in 2015, while it suffered a $22.5 million loss on a $62.6 million revenue. Around 25% of the privately held stock of Talend’s is owned by Sumeru Equity Partners.
One would remember that Talend’s IPO comes less than 7 days after Twilio, the software provider backed by VC, managed to raise $150 million in an IPO and reaped huge success. It could close up almost 100% from the offer price. That should give software company Talend SA something to be encouraged about. Talend is also a tech company like Twilio, and both companies were making losses before their IPO.
For those in Canada doing stock trading in US stocks, Talend’s performance in the stock market is something to observe. And online broker dealers such as TradeZero will ensure that you stay in control of your trading and always be in touch with the American stock exchanges. Give us a call at +1 954-944-3885 or email support@tradezero.co.
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