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IPO Recap: Microsoft GitHub rival GitLab filed for IPO

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Moomoo IPO Buzz wrote a column · Sep 18, 2021 04:36
IPO Recap: Microsoft GitHub rival GitLab filed for IPO
At the close on the last trading day, the NASDAQ Composite index dropped 0.91%. The Dow Jones Industrial Average lost 0.48% and the S&P 500 index dipped 0.91%.
On Friday,there was 8 traditional IPOs filed while no new stocks officially listed for trading.
Microsoft GitHub's rival GitLab, a Cloud-based software provider, is the latest high-growth tech company to line up for an IPO.
IPO Recap: Microsoft GitHub rival GitLab filed for IPO
GitLab, founded in 2014, is a provider of cloud-based software that allows developers to share code and collaborate on projects.
GitLab is raising money to take on Atlassian and GitHub, which Microsoft acquired for $7.5 billion in 2018.
Revenue at GitLab jumped 69% in the latest quarter from a year earlier to $58.1 million, equaling over $230 million on an annualized basis. However, the company’s net loss widened to over $40 million from $9.4 million a year ago.
IPO Recap: Microsoft GitHub rival GitLab filed for IPO
$monday.com(MNDY.US)$ democratizes the power of software so organizations can easily build software applications and work management tools that fit their needs.
The cloud-based platform is a no-code and low-code framework. It consists of modular building blocks that allow customers to create their own software applications and work management tools with robust capabilities.
The 'Work OS' platform also integrates with other systems and applications, creating a new connective layer for organizations that links departments and bridges information silos.
As of September 17th, it has a market cap of $16.5 billion, with the listed to date gain of 141.39%.
IPO Recap: Microsoft GitHub rival GitLab filed for IPO
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