Today JFrog filed their initial S1 statement. A S1 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 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 press release (this is where we get 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.
hi Jamin, thanks for a very well written analysis of JFrog S1 filing great job :) May I check will you be doing benchmarking S1 data for Snowflake (SNOW) IPO filing ? Thanks, BK
As always, great summary Jamin. I love JFrog's unit economics and their operating metrics look almost just as impressive. I agree it should demand a premium when the stock starts trading. The TAM seems pretty small, but I think we constantly see these TAMs expanding with new uses cases as technologies develop.
I have a question as it relates to the service offering itself. Wouldn't edge computing render JFrog almost useless for companies? If developers are creating applications and building software updates at the edge closer to users, then a company wouldn't need a central repository to do so. This could definitely be me not fully understanding the technology, but something I was thinking about when reading through the summary.
hi Jamin, thanks for a very well written analysis of JFrog S1 filing great job :) May I check will you be doing benchmarking S1 data for Snowflake (SNOW) IPO filing ? Thanks, BK
As always, great summary Jamin. I love JFrog's unit economics and their operating metrics look almost just as impressive. I agree it should demand a premium when the stock starts trading. The TAM seems pretty small, but I think we constantly see these TAMs expanding with new uses cases as technologies develop.
I have a question as it relates to the service offering itself. Wouldn't edge computing render JFrog almost useless for companies? If developers are creating applications and building software updates at the edge closer to users, then a company wouldn't need a central repository to do so. This could definitely be me not fully understanding the technology, but something I was thinking about when reading through the summary.