{"id":3976,"date":"2018-03-09T09:31:05","date_gmt":"2018-03-09T14:31:05","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3976"},"modified":"2018-03-09T09:31:05","modified_gmt":"2018-03-09T14:31:05","slug":"zscaler-inc-ipo-preview-zs","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/zscaler-inc-ipo-preview-zs\/","title":{"rendered":"ZScaler Inc #IPO Preview ($ZS)"},"content":{"rendered":"<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/03\/Zscaler.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-3977\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/03\/Zscaler.jpg\" alt=\"Zscaler\" width=\"187\" height=\"40\" \/><\/a><\/p>\n<p>Company: <strong>ZScaler, Inc.<\/strong><br \/>\nSymbol: ZS<br \/>\nDescription: Their mission is to empower organizations to realize the full potential of the cloud and mobility by securely connecting users to applications from any device, anywhere.<br \/>\nTrade Date: 3\/16<br \/>\nShares: 10 million<br \/>\nPrice Range: $10.00-$12.00<br \/>\nUnderwriter(s): Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Deutsche Bank Securities, Credit Suisse, UBS Investment Group<br \/>\nCo-Manager(s): Baird, BTIG, Needham &amp; Co., Stephens Inc.<br \/>\nTerms Added: 3-5-18<\/p>\n<p><strong><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1713683\/000119312518069515\/d400527ds1a.htm\" target=\"_blank\">Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/www.retailroadshow.com\/wp\/roadshows.asp\" target=\"_blank\">Link to Retail Roadshow<\/a><\/strong><\/p>\n<p><em>Zscaler will be the year&#8217;s first &#8220;unicorn&#8221; IPO. The security software provider achieved a $1 billion valuation in 2015. <\/em><\/p>\n<p><strong>Business<\/strong>: Zscaler offers two principal cloud services:<\/p>\n<ul>\n<li>Zscaler Internet Access securely connects users to externally managed applications, including SaaS applications and internet destinations, regardless of device or location. Their\u00a0ZIA solution sits between users and the internet and is designed to ensure malware does not reach the user and valuable corporate data does not leak out. Their\u00a0ZIA solution enforces access based on granular access control policies, inspects unencrypted and encrypted internet traffic inline for malware and advanced threats and prevents data leakage<\/li>\n<\/ul>\n<ul>\n<li>Zscaler Private Access offers authorized users secure and fast access to internally managed applications hosted in enterprise data centers or the public cloud. Their ZPA solution\u2019s highly innovative architecture does not expose the identity or location of these applications and provides only the necessary and appropriate levels of access. While traditional remote access solutions, such as VPNs, connect a user to the corporate network, our ZPA solution connects a specific user to a specific application, without bringing the user on the network, resulting in better security.<\/li>\n<\/ul>\n<p><strong>Financials:<\/strong>\u00a0For fiscal 2015, 2016 and 2017, revenue was $53.7\u00a0million, $80.3\u00a0million and $125.7 million, respectively. Their net losses were $12.8\u00a0million, $27.4\u00a0million and $35.5 million in fiscal 2015, 2016 and 2017, respectively. For the six months ended January 31, 2017 and 2018, their revenue increased from $56.2 million to $84.8 million, representing a period-over-period revenue growth of 51%, while their net loss increased from $14.6 million to $17.9 million. They expect they will continue to incur net losses for the foreseeable future.<\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/03\/Financials.ZScaler.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3978\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/03\/Financials.ZScaler.png\" alt=\"Financials.ZScaler\" width=\"906\" height=\"540\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/03\/Financials.ZScaler.png 906w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/03\/Financials.ZScaler-600x358.png 600w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/03\/Financials.ZScaler-300x179.png 300w\" sizes=\"(max-width: 906px) 100vw, 906px\" \/><\/a><\/p>\n<p><strong>Insider Buying: <\/strong>Certain entities associated with Charles Giancarlo, Lane Bess, Scott Darling and Karen Blasing, each a member of our board of directors, have indicated an interest in purchasing up to an aggregate of approximately $5.0\u00a0million of shares of their common stock in this offering (or an aggregate of 454,545 shares based on the midpoint of the estimated offering price range set forth on the cover page of this prospectus) at the initial public offering price.<\/p>\n<p><strong>Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most 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<p><a href=\"https:\/\/www.ipoboutique.com\/Subscribe.html\"><span style=\"font-weight: 400;\">IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n<p><strong>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\u00a0<a href=\"https:\/\/www.ipoboutique.com\/cgi\/ipo-track-record-summary-report.php\"><span style=\"font-weight: 400;\">track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here&#8217;s a<a href=\"http:\/\/www.ipoboutique.com\/blog\/?p=3655\"> 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique&#8217;s service.<\/p>\n<p><b>Indicate with confidence,\u00a0<\/b><a href=\"https:\/\/www.ipoboutique.com\/Subscribe.html\"><b>SUBSCRIBE<\/b><\/a><b>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company: ZScaler, Inc. Symbol: ZS Description: Their mission is to empower organizations to realize the full potential of the cloud and mobility by securely connecting users to applications from any device, anywhere. Trade Date: 3\/16 Shares: 10 million Price Range: $10.00-$12.00 Underwriter(s): Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Deutsche Bank Securities, Credit Suisse,[&hellip;]<\/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":[1481],"class_list":["post-3976","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-zs"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3976","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=3976"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3976\/revisions"}],"predecessor-version":[{"id":3979,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3976\/revisions\/3979"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}