I think its a BUY.
IPO start 5 october. Should have like +20-30% first day. And steady and slowly up.
Data center design and operations company Switch Inc. SWCH, +0.00% said Monday that it planned to sell 31.25 million shares of Class A common stock in an initial public offering that could raise up to $500 million. The IPO, initially filed earlier this month, is expected to price between $14 and $16 a share. Including options granted to underwriters to buy additional shares, the IPO could raise up to $575 million. The company had revenue of $318.4 million in 2016, up 20% from 2015, although profits fell more than 50% to $31.4 million from $73.5 million. The company said it planned to use the proceeds from the IPO to buy out investors in Switch Ltd. and take control of that company though Switch Inc., which was just incorporated in 2017
So:
And last argument. See their clients:
www.switch.com/clients/
IPO start 5 october. Should have like +20-30% first day. And steady and slowly up.
Data center design and operations company Switch Inc. SWCH, +0.00% said Monday that it planned to sell 31.25 million shares of Class A common stock in an initial public offering that could raise up to $500 million. The IPO, initially filed earlier this month, is expected to price between $14 and $16 a share. Including options granted to underwriters to buy additional shares, the IPO could raise up to $575 million. The company had revenue of $318.4 million in 2016, up 20% from 2015, although profits fell more than 50% to $31.4 million from $73.5 million. The company said it planned to use the proceeds from the IPO to buy out investors in Switch Ltd. and take control of that company though Switch Inc., which was just incorporated in 2017
So:
- They are profitable
- They are green/eco-friendly
- They have a good infrastructure for more and more clients.
- They making a lot of work to have cheaper costs than others (you can google it, you really can).
And last argument. See their clients:
www.switch.com/clients/
Kommentera:
WE got $SWCH at $17, now its 20-21. Good start. Hope to see 25+ in one year.