Spotify Technology (SPOT), one of the most highly anticipated initial public offerings this year, is expected to begin trading Tuesday. X The company says it's the largest global music streaming subscription service. It has 159 million monthly active users and 71 million subscribers for its premium service package. Spotify believes it's nearly double the scale of its closest competitor, Apple (AAPL) with its Apple Music platform, according to its IPO prospectus. Apple Music recently disclosed having 38 million paying subscribers. Its other competitors include Google Play Music, owned by Alphabet (GOOGL), as well as Pandora (P) and Amazon's (AMZN) Amazon Music platform. Alphabet is reportedly picking a fight with Apple, Pandora and Spotify with a new music streaming service, after squaring off with Amazon. IBD Newsletters Get exclusive IBD analysis and action news daily. SIGN UP NOW! IBD Newsletters Get exclusive IBD analysis and action news daily. Market Prep Tech … [Read more...] about Here’s What You Need To Know About Spotify’s IPO, Due Tuesday
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Post Holdings takes step toward IPO for private brands businesses
Post Holdings took a step toward a possible initial public offering for its private brands businesses, announcing Wednesday it had filed a draft registration with the Securities and Exchange Commission. Brentwood-based Post confidentially filed the draft registration statement, so the potential price range of new stock and number of shares that would be put up for sale were not disclosed. If the company follows through, it would be the first IPO in the St. Louis region since Hidden Valley ski operator Peak Resorts went public in late 2014. However, Post said it is still looking at other options for its private brands businesses, which make nut butter, healthy snacks and pasta for retailers. "Post is continuing to evaluate strategic alternatives for the combined private brands business, including an initial public offering, a placement of private equity, a sale of the business or a strategic combination," the company said in a news release … [Read more...] about Post Holdings takes step toward IPO for private brands businesses
DocuSign Files for IPO
Electronic-signature company DocuSign Inc. has filed preliminary documents for an initial public offering. The documents, filed Wednesday with the Securities and Exchange Commission, don’t offer much detail on the planned IPO, beyond saying that the San Francisco company seeks to trade on Nasdaq under the symbol DOCU. The securities filing... … [Read more...] about DocuSign Files for IPO
IPO And Top Energy Stock Cactus In Buy Range Amid Higher Oil Prices
Top IPO stock Cactus (WHD) is in buy range after a breakout above an IPO base's entry, as oil prices hover just below multi-year highs. X On Tuesday, Saudi Arabia's crown prince said OPEC is looking to extend oil production cooperation with Russia for up to 20 years. The goal is to continue to remove supply from the global oil market. Leading energy name Cactus designs and manufactures wellheads and pressure control equipment using its SafeDrill technology. According to the company, SafeDrill is safer and more efficient than conventional wellhead systems. Meanwhile, rig counts continue to increase, with four more rigs added earlier in March, bringing the operating fleet to its highest level since March 2015. IBD Newsletters Get exclusive IBD analysis and action news daily. SIGN UP NOW! IBD Newsletters Get exclusive IBD analysis and action news daily. Market Prep Tech Report Please enter a valid email address Please select a newsletter GO x Thank You! You … [Read more...] about IPO And Top Energy Stock Cactus In Buy Range Amid Higher Oil Prices
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
With thousands of publicly-traded companies to choose from, how can you quickly find the best stocks to buy and watch right now? X A good starting point is to regularly review screens that highlight the top-rated equities, including the IBD 50 list of leading growth stocks, IPO Leaders, IBD Big Cap 20, Sector Leaders and Stock Spotlight. (Scroll down to see which names are currently on these screens.) In addition to pass or fail ratings for the most important stock-picking criteria, within these lists you'll also find chart analysis that identifies stocks currently in or near a buy zone. NEW! IBD Stock Lists Update See Which Stocks Just Came On — And Off — IBD's Top Stock Lists Track The Best Stocks To Watch IBD 50How To Trade: Don't Fear This Portfolio Technique When You Select Growth StocksDo you like to select growth stocks? Scan the 11 companies hand-picked by IBD's senior markets editors for the Leaders list of Leaderboard as of Thursday's close. You'll find that … [Read more...] about Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks