As Monday.com targets $6B+ IPO valuation, Zoom and Salesforce commit $150M

Team management software company Monday.com dropped a new IPO filing today. The latest document — an F-1/A, because the company is based in Israel — provides what could be Monday.com’s final pre-IPO pricing notes and details planned investments from both Zoom and Salesforce after its public offering closes.

The Exchange explores startups, markets and money. 

Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.

Monday.com’s price range of $125 to $140 per share values it north of $6 billion at the top end of its target interval, a steep upgrade from its final private price recorded in mid-2019.

Let’s quickly unpack its IPO valuation range, discuss the private placements that Zoom and Salesforce plan and parse what Monday.com’s IPO news means for the broader public offering window.

Because the company is expected to price tomorrow and trade Thursday, we’re looking at data that could prove final, unless Monday.com manages to push its IPO price range higher or prices above its current estimates. Given the sheer number of IPOs that are either filed or rapidly forthcoming, Monday.com could prove to be a bellwether for the larger unicorn software exit market. Therefore, its debut matters to more than itself, its employees and its venture backers.

There are a few ways to value a company as it goes public. The first is its so-called simple valuation. To calculate a simple price for a debuting entity, we simply multiply the two extremes of its IPO price range by the number of shares it will have outstanding after its debut. That works out as follows in the case of Monday.com:

Related Stories

Discover

Israel’s Knesset convenes to vote on new government that...

World39 minutes ago (Jun 13, 2021 09:26AM ET) 5/5 (C) Reuters. FILE PHOTO: Israeli Prime Minister...

Fed meeting looms for stocks as inflation worries collide...

(C) Reuters. FILE PHOTO: A Wall Street sign is pictured outside the New York...

Toshiba changes board nominees as two step down in...

Stock Markets1 hour ago (Jun 13, 2021 08:40AM ET) (C) Reuters. FILE PHOTO: The...

With Trump gone, NATO wages war on climate threat

3/3 (C) Reuters. FILE PHOTO: U.S. Army M1A1 Abrams tanks attend NATO enhanced Forward Presence...

Precious Metals & Energy – Weekly Review and Calendar...

(C) Reuters. By Barani Krishnan Investing.com -- Inflation is here and the conventional wisdom is...

Putin says Russia would accept conditional handover of cyber...

Economy3 hours ago (Jun 13, 2021 06:30AM ET) (C) Reuters. FILE PHOTO: Russian President Vladimir...

Popular Categories