{"id":3405,"date":"2017-11-10T11:07:39","date_gmt":"2017-11-10T16:07:39","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3405"},"modified":"2017-11-10T11:32:26","modified_gmt":"2017-11-10T16:32:26","slug":"sendgrid-inc-send-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/sendgrid-inc-send-ipo-preview\/","title":{"rendered":"SendGrid, Inc. $SEND #IPO Preview"},"content":{"rendered":"

\"SendGrid\"<\/a><\/p>\n

Company: SendGrid, Inc.<\/strong>
\nSymbol: SEND
\nDescription: They are a leading digital communication platform, enabling businesses to engage with their customers via email reliably, effectively and at scale.
\nShares: 7.7 million
\nPrice Range: $13.50-$15.50
\nTrade Date: 11\/15
\nUnderwriter(s): Morgan Stanley, J.P. Morgan
\nCo-Manager(s): William Blair, KeyBanc Capital Markets, Piper Jaffray, Stifel
\nFiled 11-2-17<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:\u00a0Their cloud-based platform allows for frictionless adoption and immediate value creation for businesses, providing their developers and marketers with the tools to seamlessly and effectively reach their customers using email. Since their\u00a0inception we have processed more than one trillion emails.<\/p>\n

They offer customers three services: their\u00a0Email API; Marketing Campaigns; and Expert Services. Theiur Email API service allows developers to use their\u00a0API in their preferred development framework to leverage the\u00a0platform to add email functionality to their applications within minutes. This service enables businesses to send thousands or billions of emails, all with the same high level of service and reliability, and incorporates proprietary technology and domain expertise to significantly improve deliverability rates.<\/p>\n

Their\u00a0Marketing Campaigns service allows marketers to upload and manage customer contact lists, create and test email templates, and then execute and analyze multi-faceted email campaigns that engage customers and drive growth.<\/p>\n

Their Expert Services help businesses further optimize their email delivery. With the SENDGRID\u00a0platform, businesses can achieve industry leading email deliverability that translates into higher brand engagement with their customers.<\/p>\n

CUSTOMERS:\u00a0<\/strong>Businesses of all sizes and across industries depend on our digital communication platform. As of September 30, 2017, they had over 58,000 customers globally, an increase of 36% year over year. They\u00a0believe a relatively small number of businesses have more than one unique paying account with SENDGRID, and they count each of these accounts as a separate customer.<\/p>\n

Insider Buying:<\/strong> Certain of their existing stockholders associated with Bessemer Venture Partners, which is an affiliate of a member of their\u00a0board of directors, have indicated an interest in purchasing shares of common stock with an aggregate price of up to $10.0\u00a0million in this offering.<\/p>\n

Financials:\u00a0<\/strong>For 2014, 2015, 2016 and the nine months ended September\u00a030, 2017; their total revenue was $42.8\u00a0million, $58.5\u00a0million, $79.9\u00a0million, and $80.2\u00a0million;\u00a0 their net loss was $13.0\u00a0million, $5.9\u00a0million, $3.9\u00a0million, and $4.7\u00a0million; their adjusted net income (loss) was $(12.2) million, $(4.5) million, $(1.4) million, and $1.2\u00a0million; their net cash flows from operating activities were $(9.6) million, $1.2 million, $9.7\u00a0million, and $10.1\u00a0million; and their free cash flow was $(13.6) million, $(4.0) million, $(2.5) million, and $0.2 million, respectively.<\/p>\n

\"SendGridFinancials\"<\/a><\/p>\n

Tech\u00a0IPOs in 2017 – <\/strong>How the sector has performed as of 11.10.17 intraday<\/em><\/p>\n

\"Screen<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the bkost critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, we have our latest performance results with commentary from the month of May\u00a0by\u00a0<\/span>clicking here<\/span><\/a>.<\/span><\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: SendGrid, Inc. Symbol: SEND Description: They are a leading digital communication platform, enabling businesses to engage with their customers via email reliably, effectively and at scale. Shares: 7.7 million Price Range: $13.50-$15.50 Trade Date: 11\/15 Underwriter(s): Morgan Stanley, J.P. Morgan Co-Manager(s): William Blair, KeyBanc Capital Markets, Piper Jaffray, Stifel Filed 11-2-17 Link to S-1\/A[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[],"class_list":["post-3405","post","type-post","status-publish","format-standard","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3405"}],"version-history":[{"count":4,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3405\/revisions"}],"predecessor-version":[{"id":3417,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3405\/revisions\/3417"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}