Today GitLab their initial S-1 statement. A S-1 is a document companies file with the SEC in preparation for listing their shares on an exchange like the NYSE or NASDAQ. The document contains a plethora of information on the company including a general overview, up to date financials, risk factors to the business, cap table highlights and much more. The purpose of the detailed information is to help investors (both institutional and retail) make informed investment decisions. There’s a lot of info to digest, so in the sections below I’ll try and pull out the relevant financial information and benchmark it against current cloud businesses. As far as an expected timeline - typically companies launch their roadshow ~3 weeks after filing their initial S-1 (the roadshow launches with an updated S-1 that contains a price range). After the roadshow launch there’s typically ~2 weeks before the stock starts trading. So we’re looking at roughly 5 weeks before any retail investor can buy the stock.
Thanks for this Jamin! - A quick clarifying Q: does your benchmark of S&M spend as a % of rev exclude stock based comp? Spot checking the Gitlab data it seems to, but not entirely sure. Appreciate all of your insights!
Thanks for this Jamin! - A quick clarifying Q: does your benchmark of S&M spend as a % of rev exclude stock based comp? Spot checking the Gitlab data it seems to, but not entirely sure. Appreciate all of your insights!
Amazing and useful work, Jamin. Thanks
Thank you Jamin - this is fantastic!