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2021-06-23
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Confluent Aims to Become a Value Investment Within a Hype-Driven Tech IPO Market<blockquote>Confluent 旨在成为炒作驱动的科技 IPO 市场中的价值投资</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":123837058,"tweetId":"123837058","gmtCreate":1624415151074,"gmtModify":1634006436592,"author":{"id":3583060403880224,"idStr":"3583060403880224","authorId":3583060403880224,"authorIdStr":"3583060403880224","name":"nihaoo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":4,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>K</p></body></html>","htmlText":"<html><head></head><body><p>K</p></body></html>","text":"K","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/123837058","repostId":1102577790,"repostType":4,"repost":{"id":"1102577790","kind":"news","pubTimestamp":1624414731,"share":"https://www.laohunote.com/m/news/1102577790?lang=zh_CN&edition=full","pubTime":"2021-06-23 10:18","market":"us","language":"en","title":"Confluent Aims to Become a Value Investment Within a Hype-Driven Tech IPO Market<blockquote>Confluent 旨在成为炒作驱动的科技 IPO 市场中的价值投资</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102577790","media":"FXEmpire","summary":"With sights set on a valuation of around$8.3 billionand snowballing revenue thanks to surges in dema","content":"<p>With sights set on a valuation of around$8.3 billionand snowballing revenue thanks to surges in demand for live streaming software in the wake of the Covid-19 pandemic, Confluent is hoping to secure its future in a successful tech IPO. However, in a market that appears to be largely swept up in hype, can this IPO become a viable investment over the long term?</p><p><blockquote>Confluent 的估值约为 83 亿美元，并且由于 Covid-19 大流行后对直播软件的需求激增，收入激增，Confluent 希望通过成功的科技 IPO 来确保其未来。然而，在一个似乎很大程度上被炒作席卷的市场中，从长远来看，这次IPO能成为一项可行的投资吗？</blockquote></p><p> As part of itsIPO, Confluent intends to offer 23 million shares at a price range of between $29 and $33 per share, according to its regulatory filing. The company hopes to raise up to $759 million in its initial public offering.</p><p><blockquote>根据其监管文件，作为 itsIPO 的一部分，Confluent 打算以每股 29 美元至 33 美元的价格发行 2300 万股股票。该公司希望在首次公开募股中筹集高达 7.59 亿美元的资金。</blockquote></p><p> In the build-up to the IPO, Confluent claimed in its filing that the company’s revenue climbed by around 58% in 2020, and a further 51% over the first quarter of 2021 alone to $77 million. Although the company was valued at $4.5 billion in April last year, the company’s optimistic that it can achieve almost double that sum as it aims to hit an $8.3 billion valuation.</p><p><blockquote>在首次公开募股前，Confluent 在文件中声称，公司收入在 2020 年攀升了约 58%，仅在 2021 年第一季度就进一步攀升了 51%，达到 7700 万美元。虽然该公司去年 4 月的估值为 45 亿美元，但该公司乐观地认为，它的估值几乎可以翻一番，因为它的目标是达到 83 亿美元。</blockquote></p><p> Over-Promising and Under-Delivering Tech IPOs?</p><p><blockquote>过度承诺但交付不足的科技IPO？</blockquote></p><p> Although Confluent’s arrival on the Nasdaq represents an excellent opportunity for the company to generate some revenue to secure its future growth, will investors also identify Confluent’s IPO as a key opportunity to secure long-term windfall?</p><p><blockquote>虽然 Confluent 登陆纳斯达克为公司创造一些收入以确保未来增长提供了绝佳机会，但投资者是否也会将 Confluent 的首次公开募股视为获得长期意外之财的关键机会？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94e771864f123a3f886a6539c7c995ea\" tg-width=\"705\" tg-height=\"369\" referrerpolicy=\"no-referrer\"><span>(Image:VisualCapitalist)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（图片来源：视觉资本家）</span></p></blockquote></p><p> As the data above shows, tech IPOs are by far the leading sector in terms of size, accounting for $21.9 billion in proceeds in 2019 when the data was collected, however, it also averaged out at a post-IPO return of -4.6%.</p><p><blockquote>如上数据所示，就规模而言，科技IPO是迄今为止领先的行业，2019年收集数据时的收益为219亿美元，但IPO后的平均回报率也为-4.6%。</blockquote></p><p> Does this data mean that tech IPOs are guilty of over-promising and under-delivering simultaneously? Brownstone Research suggests that this gulf between proceeds and investor ROI is down to companies waiting later before they choose to go public.</p><p><blockquote>这些数据是否意味着科技IPO同时存在过度承诺和交付不足的问题？Brownstone 的研究表明，收益和投资者投资回报率之间的这种差距是由于公司在选择上市之前等待了一段时间。</blockquote></p><p> For instance, companies like Amazon opted to go public before they experienced significant growth. However, private companies in the tech sector today are generally choosing to remain private for longer. This means that when they eventually launch an initial public offering, these tech companies are much larger.</p><p><blockquote>例如，像亚马逊这样的公司在经历显著增长之前就选择了上市。然而，如今科技行业的私营公司通常选择更长时间地保持私营状态。这意味着，当他们最终启动首次公开募股时，这些科技公司的规模要大得多。</blockquote></p><p> As most tech companies have already undergone their early stages of growth prior to going public, retail investors are liable to be left topick up the scrapsonce they enter the public markets.</p><p><blockquote>由于大多数科技公司在上市之前就已经经历了早期增长阶段，一旦进入公开市场，散户投资者很可能会被留下来捡起垃圾。</blockquote></p><p> For instance, whenUberlaunched an IPO in 2019, its enterprise value of around $75 billion meant that the company was already 171 times larger than Amazon when it launched its initial public offering.</p><p><blockquote>例如，当Nuber在2019年启动IPO时，其约750亿美元的企业价值意味着该公司在启动首次公开募股时已经是亚马逊的171倍。</blockquote></p><p> However, the recent IPO bull run of 2020 and early 2021 has helped to embolden more companies to go public sooner rather than later.</p><p><blockquote>然而，最近2020年和2021年初的IPO牛市有助于鼓励更多公司尽早上市。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d3064cd4bbfd2705d2216f5c236c6fa\" tg-width=\"705\" tg-height=\"503\" referrerpolicy=\"no-referrer\"><span>(Image:Financial Times)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（图片来源：金融时报）</span></p></blockquote></p><p> Thanks to the unprecedented pace in which companies are going public, many tech firms are looking at the revenues they’ve generated in the wake of the Covid-19 pandemic and are aiming to use them to drive investor interest in their listing.</p><p><blockquote>由于公司上市的速度前所未有，许多科技公司都在关注自己在 Covid-19 大流行后创造的收入，并打算利用这些收入来激发投资者对其上市的兴趣。</blockquote></p><p> So far in 2021, the number of listings has eclipsed even that of the dotcom boom at the turn of the century – setting the pace for a record breaking year for IPOs.</p><p><blockquote>2021年到目前为止，上市数量甚至超过了世纪之交的互联网繁荣——为IPO创纪录的一年奠定了基础。</blockquote></p><p> What does this mean for companies like Confluent and retail investors alike? Well, it points to newfound levels of optimism in companies aiming to go public sooner rather than later, which means that retail investors have the opportunity to invest in more listings that may have more growth potential than usual.</p><p><blockquote>这对 Confluent 和散户投资者等公司意味着什么？嗯，这表明那些旨在尽早上市的公司出现了新的乐观情绪，这意味着散户投资者有机会投资更多可能比平时具有更大增长潜力的上市。</blockquote></p><p> Maxim Manturov, head of investment research at Freedom Finance Europe explains that the playing field between retail and institutional investors is far from level. “It is the latter who usually get the far greater share of an IPO: historically, institutional investors get around 90% of all shares, with only around 10% left for retail trades,” explained Manturov.</p><p><blockquote>Freedom Finance Europe 投资研究主管马克西姆·曼图罗夫 (Maxim Manturov) 解释说，散户投资者和机构投资者之间的竞争环境远非公平。“曼图罗夫解释说：”后者通常在 IPO 中获得更大的份额： 从历史上看，机构投资者获得了约 90% 的股份，只有约 10% 的股份留给了散户交易。</blockquote></p><p> “This is where allocation comes from: when the demand is high, the broker will have to reduce order amounts so as to at least partially fill all of them. The allocation ratio, meanwhile, depends on the investor trading activity and volume.”</p><p><blockquote>“这就是分配的来源：当需求高时，经纪商将不得不减少订单数量，以便至少部分填满所有订单。同时，分配比例取决于投资者的交易活动和交易量”。</blockquote></p><p> Confluent Listing Encapsulates Tech IPO Hype</p><p><blockquote>融合上市封装科技IPO炒作</blockquote></p><p> Online brokerages have moved swiftly in accommodating theConfluent IPOand listing it for retail investors to buy.</p><p><blockquote>在线券商迅速采取行动，接受合并后的 IPO，并将其上市供散户投资者购买。</blockquote></p><p></p><p> The Confluent listing shows that one year on from the beginning of the IPO boom, listings are still generating excitement and investor interest at a quickening rate. Although Confluent will be conscious of the hype surrounding tech IPOs, the company will be looking to turn a promising 2020 into a fiscally secure future. If some of that growth can lead to healthy returns for investors along the way, it will be a good sign that the tech IPO boom encapsulates far more than a simple stock market hype machine.</p><p><blockquote>合并上市表明，IPO热潮开始一年后，上市仍在以加速的速度引起人们的兴奋和投资者的兴趣。尽管 Confluent 会意识到围绕科技 IPO 的炒作，但该公司将寻求将充满希望的 2020 年转变为财政安全的未来。如果其中一些增长能够为投资者带来健康的回报，这将是一个好迹象，表明科技 IPO 热潮所包含的远不止是简单的股市炒作机器。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Confluent Aims to Become a Value Investment Within a Hype-Driven Tech IPO Market<blockquote>Confluent 旨在成为炒作驱动的科技 IPO 市场中的价值投资</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConfluent Aims to Become a Value Investment Within a Hype-Driven Tech IPO Market<blockquote>Confluent 旨在成为炒作驱动的科技 IPO 市场中的价值投资</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FXEmpire</strong><span class=\"h-time small\">2021-06-23 10:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With sights set on a valuation of around$8.3 billionand snowballing revenue thanks to surges in demand for live streaming software in the wake of the Covid-19 pandemic, Confluent is hoping to secure its future in a successful tech IPO. However, in a market that appears to be largely swept up in hype, can this IPO become a viable investment over the long term?</p><p><blockquote>Confluent 的估值约为 83 亿美元，并且由于 Covid-19 大流行后对直播软件的需求激增，收入激增，Confluent 希望通过成功的科技 IPO 来确保其未来。然而，在一个似乎很大程度上被炒作席卷的市场中，从长远来看，这次IPO能成为一项可行的投资吗？</blockquote></p><p> As part of itsIPO, Confluent intends to offer 23 million shares at a price range of between $29 and $33 per share, according to its regulatory filing. The company hopes to raise up to $759 million in its initial public offering.</p><p><blockquote>根据其监管文件，作为 itsIPO 的一部分，Confluent 打算以每股 29 美元至 33 美元的价格发行 2300 万股股票。该公司希望在首次公开募股中筹集高达 7.59 亿美元的资金。</blockquote></p><p> In the build-up to the IPO, Confluent claimed in its filing that the company’s revenue climbed by around 58% in 2020, and a further 51% over the first quarter of 2021 alone to $77 million. Although the company was valued at $4.5 billion in April last year, the company’s optimistic that it can achieve almost double that sum as it aims to hit an $8.3 billion valuation.</p><p><blockquote>在首次公开募股前，Confluent 在文件中声称，公司收入在 2020 年攀升了约 58%，仅在 2021 年第一季度就进一步攀升了 51%，达到 7700 万美元。虽然该公司去年 4 月的估值为 45 亿美元，但该公司乐观地认为，它的估值几乎可以翻一番，因为它的目标是达到 83 亿美元。</blockquote></p><p> Over-Promising and Under-Delivering Tech IPOs?</p><p><blockquote>过度承诺但交付不足的科技IPO？</blockquote></p><p> Although Confluent’s arrival on the Nasdaq represents an excellent opportunity for the company to generate some revenue to secure its future growth, will investors also identify Confluent’s IPO as a key opportunity to secure long-term windfall?</p><p><blockquote>虽然 Confluent 登陆纳斯达克为公司创造一些收入以确保未来增长提供了绝佳机会，但投资者是否也会将 Confluent 的首次公开募股视为获得长期意外之财的关键机会？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94e771864f123a3f886a6539c7c995ea\" tg-width=\"705\" tg-height=\"369\" referrerpolicy=\"no-referrer\"><span>(Image:VisualCapitalist)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（图片来源：视觉资本家）</span></p></blockquote></p><p> As the data above shows, tech IPOs are by far the leading sector in terms of size, accounting for $21.9 billion in proceeds in 2019 when the data was collected, however, it also averaged out at a post-IPO return of -4.6%.</p><p><blockquote>如上数据所示，就规模而言，科技IPO是迄今为止领先的行业，2019年收集数据时的收益为219亿美元，但IPO后的平均回报率也为-4.6%。</blockquote></p><p> Does this data mean that tech IPOs are guilty of over-promising and under-delivering simultaneously? Brownstone Research suggests that this gulf between proceeds and investor ROI is down to companies waiting later before they choose to go public.</p><p><blockquote>这些数据是否意味着科技IPO同时存在过度承诺和交付不足的问题？Brownstone 的研究表明，收益和投资者投资回报率之间的这种差距是由于公司在选择上市之前等待了一段时间。</blockquote></p><p> For instance, companies like Amazon opted to go public before they experienced significant growth. However, private companies in the tech sector today are generally choosing to remain private for longer. This means that when they eventually launch an initial public offering, these tech companies are much larger.</p><p><blockquote>例如，像亚马逊这样的公司在经历显著增长之前就选择了上市。然而，如今科技行业的私营公司通常选择更长时间地保持私营状态。这意味着，当他们最终启动首次公开募股时，这些科技公司的规模要大得多。</blockquote></p><p> As most tech companies have already undergone their early stages of growth prior to going public, retail investors are liable to be left topick up the scrapsonce they enter the public markets.</p><p><blockquote>由于大多数科技公司在上市之前就已经经历了早期增长阶段，一旦进入公开市场，散户投资者很可能会被留下来捡起垃圾。</blockquote></p><p> For instance, whenUberlaunched an IPO in 2019, its enterprise value of around $75 billion meant that the company was already 171 times larger than Amazon when it launched its initial public offering.</p><p><blockquote>例如，当Nuber在2019年启动IPO时，其约750亿美元的企业价值意味着该公司在启动首次公开募股时已经是亚马逊的171倍。</blockquote></p><p> However, the recent IPO bull run of 2020 and early 2021 has helped to embolden more companies to go public sooner rather than later.</p><p><blockquote>然而，最近2020年和2021年初的IPO牛市有助于鼓励更多公司尽早上市。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d3064cd4bbfd2705d2216f5c236c6fa\" tg-width=\"705\" tg-height=\"503\" referrerpolicy=\"no-referrer\"><span>(Image:Financial Times)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（图片来源：金融时报）</span></p></blockquote></p><p> Thanks to the unprecedented pace in which companies are going public, many tech firms are looking at the revenues they’ve generated in the wake of the Covid-19 pandemic and are aiming to use them to drive investor interest in their listing.</p><p><blockquote>由于公司上市的速度前所未有，许多科技公司都在关注自己在 Covid-19 大流行后创造的收入，并打算利用这些收入来激发投资者对其上市的兴趣。</blockquote></p><p> So far in 2021, the number of listings has eclipsed even that of the dotcom boom at the turn of the century – setting the pace for a record breaking year for IPOs.</p><p><blockquote>2021年到目前为止，上市数量甚至超过了世纪之交的互联网繁荣——为IPO创纪录的一年奠定了基础。</blockquote></p><p> What does this mean for companies like Confluent and retail investors alike? Well, it points to newfound levels of optimism in companies aiming to go public sooner rather than later, which means that retail investors have the opportunity to invest in more listings that may have more growth potential than usual.</p><p><blockquote>这对 Confluent 和散户投资者等公司意味着什么？嗯，这表明那些旨在尽早上市的公司出现了新的乐观情绪，这意味着散户投资者有机会投资更多可能比平时具有更大增长潜力的上市。</blockquote></p><p> Maxim Manturov, head of investment research at Freedom Finance Europe explains that the playing field between retail and institutional investors is far from level. “It is the latter who usually get the far greater share of an IPO: historically, institutional investors get around 90% of all shares, with only around 10% left for retail trades,” explained Manturov.</p><p><blockquote>Freedom Finance Europe 投资研究主管马克西姆·曼图罗夫 (Maxim Manturov) 解释说，散户投资者和机构投资者之间的竞争环境远非公平。“曼图罗夫解释说：”后者通常在 IPO 中获得更大的份额： 从历史上看，机构投资者获得了约 90% 的股份，只有约 10% 的股份留给了散户交易。</blockquote></p><p> “This is where allocation comes from: when the demand is high, the broker will have to reduce order amounts so as to at least partially fill all of them. The allocation ratio, meanwhile, depends on the investor trading activity and volume.”</p><p><blockquote>“这就是分配的来源：当需求高时，经纪商将不得不减少订单数量，以便至少部分填满所有订单。同时，分配比例取决于投资者的交易活动和交易量”。</blockquote></p><p> Confluent Listing Encapsulates Tech IPO Hype</p><p><blockquote>融合上市封装科技IPO炒作</blockquote></p><p> Online brokerages have moved swiftly in accommodating theConfluent IPOand listing it for retail investors to buy.</p><p><blockquote>在线券商迅速采取行动，接受合并后的 IPO，并将其上市供散户投资者购买。</blockquote></p><p></p><p> The Confluent listing shows that one year on from the beginning of the IPO boom, listings are still generating excitement and investor interest at a quickening rate. Although Confluent will be conscious of the hype surrounding tech IPOs, the company will be looking to turn a promising 2020 into a fiscally secure future. If some of that growth can lead to healthy returns for investors along the way, it will be a good sign that the tech IPO boom encapsulates far more than a simple stock market hype machine.</p><p><blockquote>合并上市表明，IPO热潮开始一年后，上市仍在以加速的速度引起人们的兴奋和投资者的兴趣。尽管 Confluent 会意识到围绕科技 IPO 的炒作，但该公司将寻求将充满希望的 2020 年转变为财政安全的未来。如果其中一些增长能够为投资者带来健康的回报，这将是一个好迹象，表明科技 IPO 热潮所包含的远不止是简单的股市炒作机器。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/hot-air-confluent-aims-become-064318538.html\">FXEmpire</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CFLT":"Confluent, Inc."},"source_url":"https://finance.yahoo.com/news/hot-air-confluent-aims-become-064318538.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102577790","content_text":"With sights set on a valuation of around$8.3 billionand snowballing revenue thanks to surges in demand for live streaming software in the wake of the Covid-19 pandemic, Confluent is hoping to secure its future in a successful tech IPO. However, in a market that appears to be largely swept up in hype, can this IPO become a viable investment over the long term?\nAs part of itsIPO, Confluent intends to offer 23 million shares at a price range of between $29 and $33 per share, according to its regulatory filing. The company hopes to raise up to $759 million in its initial public offering.\nIn the build-up to the IPO, Confluent claimed in its filing that the company’s revenue climbed by around 58% in 2020, and a further 51% over the first quarter of 2021 alone to $77 million. Although the company was valued at $4.5 billion in April last year, the company’s optimistic that it can achieve almost double that sum as it aims to hit an $8.3 billion valuation.\nOver-Promising and Under-Delivering Tech IPOs?\nAlthough Confluent’s arrival on the Nasdaq represents an excellent opportunity for the company to generate some revenue to secure its future growth, will investors also identify Confluent’s IPO as a key opportunity to secure long-term windfall?\n(Image:VisualCapitalist)\nAs the data above shows, tech IPOs are by far the leading sector in terms of size, accounting for $21.9 billion in proceeds in 2019 when the data was collected, however, it also averaged out at a post-IPO return of -4.6%.\nDoes this data mean that tech IPOs are guilty of over-promising and under-delivering simultaneously? Brownstone Research suggests that this gulf between proceeds and investor ROI is down to companies waiting later before they choose to go public.\nFor instance, companies like Amazon opted to go public before they experienced significant growth. However, private companies in the tech sector today are generally choosing to remain private for longer. This means that when they eventually launch an initial public offering, these tech companies are much larger.\nAs most tech companies have already undergone their early stages of growth prior to going public, retail investors are liable to be left topick up the scrapsonce they enter the public markets.\nFor instance, whenUberlaunched an IPO in 2019, its enterprise value of around $75 billion meant that the company was already 171 times larger than Amazon when it launched its initial public offering.\nHowever, the recent IPO bull run of 2020 and early 2021 has helped to embolden more companies to go public sooner rather than later.\n(Image:Financial Times)\nThanks to the unprecedented pace in which companies are going public, many tech firms are looking at the revenues they’ve generated in the wake of the Covid-19 pandemic and are aiming to use them to drive investor interest in their listing.\nSo far in 2021, the number of listings has eclipsed even that of the dotcom boom at the turn of the century – setting the pace for a record breaking year for IPOs.\nWhat does this mean for companies like Confluent and retail investors alike? Well, it points to newfound levels of optimism in companies aiming to go public sooner rather than later, which means that retail investors have the opportunity to invest in more listings that may have more growth potential than usual.\nMaxim Manturov, head of investment research at Freedom Finance Europe explains that the playing field between retail and institutional investors is far from level. “It is the latter who usually get the far greater share of an IPO: historically, institutional investors get around 90% of all shares, with only around 10% left for retail trades,” explained Manturov.\n“This is where allocation comes from: when the demand is high, the broker will have to reduce order amounts so as to at least partially fill all of them. The allocation ratio, meanwhile, depends on the investor trading activity and volume.”\nConfluent Listing Encapsulates Tech IPO Hype\nOnline brokerages have moved swiftly in accommodating theConfluent IPOand listing it for retail investors to buy.\nThe Confluent listing shows that one year on from the beginning of the IPO boom, listings are still generating excitement and investor interest at a quickening rate. Although Confluent will be conscious of the hype surrounding tech IPOs, the company will be looking to turn a promising 2020 into a fiscally secure future. If some of that growth can lead to healthy returns for investors along the way, it will be a good sign that the tech IPO boom encapsulates far more than a simple stock market hype machine.","news_type":1,"symbols_score_info":{"CFLT":0.9}},"isVote":1,"tweetType":1,"viewCount":3972,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/123837058"}
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