Yesterday SentinelOne filed their initial S1 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.
I feel this is like S1 is -- Crowdstrike in making - both operate in the same market, similar products, similar platform approach to security, and similar architecture - One Agent One Platform - Would this skyrocket ? Would be interesting to see the IPO price range and valuation. CRWD was valued at 7B at IPO and the rest is history...
When will the stocks be available?
I feel this is like S1 is -- Crowdstrike in making - both operate in the same market, similar products, similar platform approach to security, and similar architecture - One Agent One Platform - Would this skyrocket ? Would be interesting to see the IPO price range and valuation. CRWD was valued at 7B at IPO and the rest is history...
Terrific information.
Great stuff as always! I'm curious if the CAC payback outliers are accurate, 12 YEARS for SFDC and 27 YEARS for New Relic??