{"id":4412,"date":"2018-06-15T10:18:33","date_gmt":"2018-06-15T14:18:33","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4412"},"modified":"2018-06-15T10:18:33","modified_gmt":"2018-06-15T14:18:33","slug":"i3-verticals-inc-ipo-preview-iiiv","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/i3-verticals-inc-ipo-preview-iiiv\/","title":{"rendered":"I3 Verticals, Inc. #IPO Preview ($IIIV)"},"content":{"rendered":"

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

Company: i3 Verticals, Inc.<\/strong>
\nSymbol: IIIV
\nDescription: They deliver seamless integrated payment and software solutions to small- and medium-sized businesses and organizations in strategic vertical markets.
\nTrade Date: 6\/21
\nShares: 6.65 million
\nPrice Range: $11.00-$13.00
\nUnderwriter(s): Cowen, Raymond James, KeyBanc Capital Markets
\nTerms Added: 6-11-18<\/p>\n

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

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

Business<\/strong>:\u00a0They have built a broad suite of payment and software solutions that address the specific needs of SMBs and other organizations in their strategic vertical markets, and they believe their suite of solutions differentiates them from their competition. Their primary strategic vertical markets include education, non-profit, public sector, property management and healthcare. These vertical markets are large, growing and tend to have increasing levels of electronic payments adoption compared to other industries. In addition to their strategic vertical markets, they also have a growing presence in the\u00a0business-to-business (\u201cB2B\u201d)\u00a0payments market. The B2B payments market is significantly less penetrated by electronic payments. According to PayStream Advisors\u2019 2017 Electronic Payments Report,\u00a0checks account for more than 45% of B2B payments, presenting an opportunity for further adoption of card-based and other electronic payments. They processed approximately $10.3 billion in total payment volume in 2017, growing at a\u00a0compound annual growth rate (\u201cCAGR\u201d)\u00a0of 67% since 2014.<\/p>\n

\"IIIV.Financials\"<\/a><\/p>\n

Financials: \u00a0<\/strong>For the six month period ended March 31, 2018, they generated $154.9 million in revenue, $(7.2) million of net loss and $14.6 million of adjusted EBITDA, compared to $124.5 million in revenue, $(0.4) million of net loss and $9.1 million of adjusted EBITDA for the comparable period in 2017, an increase of 24% and 60% for revenue and adjusted EBITDA, respectively. In fiscal year 2017, they generated $262.6 million in revenue, $0.9 million of net income and $19.3 million of adjusted EBITDA, compared to $199.6 million in revenue, $(2.1) million of net loss and $17.6 million of adjusted EBITDA in fiscal year 2016, an increase of 32% and 10% for revenue and adjusted EBITDA, respectively.<\/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: i3 Verticals, Inc. Symbol: IIIV Description: They deliver seamless integrated payment and software solutions to small- and medium-sized businesses and organizations in strategic vertical markets. Trade Date: 6\/21 Shares: 6.65 million Price Range: $11.00-$13.00 Underwriter(s): Cowen, Raymond James, KeyBanc Capital Markets Terms Added: 6-11-18 Link to Prospectus Link to Retail Roadshow Business:\u00a0They have built[…]<\/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-4412","post","type-post","status-publish","format-standard","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4412","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=4412"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4412\/revisions"}],"predecessor-version":[{"id":4415,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4412\/revisions\/4415"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}