{"id":4311,"date":"2018-05-18T09:04:34","date_gmt":"2018-05-18T13:04:34","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4311"},"modified":"2018-05-18T09:04:34","modified_gmt":"2018-05-18T13:04:34","slug":"greensky-inc-ipo-preview-gsky","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/greensky-inc-ipo-preview-gsky\/","title":{"rendered":"Greensky Inc #IPO Preview ($GSKY)"},"content":{"rendered":"

\"paGE001\"<\/a><\/p>\n

Company: GreenSky, Inc.<\/strong>
\nSymbol: GSKY
\nDescription: They are a leading technology company that powers commerce at the point of sale.
\nTrade Date: 5\/24
\nShares: 34.1 million
\nPrice Range: $21.00-$23.00
\nUnderwriter(s): Goldman Sachs & Co., J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Citigroup, Credit Suisse, SunTrust Robinson Humphrey
\nCo-Manager(s): Raymond James, Sandler O’ Neill, Fifth Third Securities, Guggenheim Securities
\nTerms Added: 5-14-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

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

Business<\/strong>:\u00a0Their platform facilitates merchant sales, while reducing the friction, and improving the economics, associated with a consumer making a purchase and a bank extending financing for that purchase. They had approximately 12,000 active merchants on their platform as of March 31, 2018 and, from their inception through March 31, 2018, merchants used their platform to enable approximately 1.7 million consumers to finance over $12 billion of transactions with their Bank Partners.<\/p>\n

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

Financials:\u00a0<\/strong>Their total revenue was $173.5 million, $263.9 million and $325.9 million and their net income was $93.8 million, $124.5 million and $138.7 million in 2015, 2016, and 2017, respectively. In the first quarter of 2018, their total revenue increased 30.6% to $85.3 million and their net income decreased 15.5% to $18.6 million, compared to results in the same quarter the previous year, reflecting, in part approximately $4.5 million in interest expense in the first quarter of 2018 related to their term loan that was established in August 2017 and amended in March 2018.<\/p>\n

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

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

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, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

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

Company: GreenSky, Inc. Symbol: GSKY Description: They are a leading technology company that powers commerce at the point of sale. Trade Date: 5\/24 Shares: 34.1 million Price Range: $21.00-$23.00 Underwriter(s): Goldman Sachs & Co., J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Citigroup, Credit Suisse, SunTrust Robinson Humphrey Co-Manager(s): Raymond James, Sandler O’ Neill, Fifth Third[…]<\/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":[1509],"class_list":["post-4311","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-gsky"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4311","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=4311"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4311\/revisions"}],"predecessor-version":[{"id":4316,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4311\/revisions\/4316"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}