|Bid||92.10 x 1000|
|Ask||92.60 x 800|
|Day's Range||92.08 - 95.00|
|52 Week Range||59.94 - 107.34|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||7,710.83|
|Earnings Date||Sep 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||84.36|
Bay Area unicorn tech companies stampeded toward the IPO gate this year, making a large number of founders billionaires — in some cases more than four times over. Seven founders of the 11 Bay Area tech companies that went public this year now hold stakes worth more than $1 billion, based on the founders’ holdings on the day of the IPO, as noted in their Securities and Exchange Commission filings, as well as closing stock prices on Monday. “The one difference from 10 years ago is many of them have already sold stock through secondaries while private, so they usually have taken care of the basics like buying a home by the time they go public,” said Andy Rachleff, co-founder and CEO of online financial advising firm Wealthfront.
The region captured a number of high-profile tech IPOs this year, some of which reached astronomical double-digit first-day gains and continue their rocket ride, while others turned to duds.
Zoom Video Communications (ZM) closed the most recent trading day at $90.43, moving +0.83% from the previous trading session.
Cisco Systems on Tuesday acquired Voicea in a move bolstering its Webex workplace collaboration platform versus Zoom Video and Microsoft Team. Cisco stock gained as the Nasdaq rebounded.
Silicon Valley's largest technology stocks tumbled on Monday as Wall Street closed out its worst day of 2019 amid rapidly escalating U.S.-China trade tensions.
Zoom Video Communications, Inc. (ZM) today announced that Ryan Azus has joined the company as its chief revenue officer, reporting to CEO Eric S. Yuan. Azus joins Zoom after almost 20 years in the communications industry.
While investors in big new consumer stocks like Uber and Lyft are in the red so far this year, ones that bought smaller enterprise stocks like Zoom Video Communications and CrowdStrike have more than doubled their money.
SAN JOSE, Calif., Aug. 01, 2019 -- Zoom Video Communications, Inc. (NASDAQ: ZM) will release results for its second quarter of fiscal year 2020 on Thursday, September 5, 2019,.
The IPO market has been red hot this year, featuring multi-baggers like plant-based meats producer Beyond Meat (NADSAQ:BYND) and video conferencing company Zoom (NYSE:ZM). But, the biggest company that went public this year -- ride-sharing giant Uber Technologies Inc (NYSE:UBER) -- has struggled on Wall Street.Source: Shutterstock The UBER stock IPO price was $45. The stock opened trading at $42, closed below there on its first day. Nearly three months later, it still trades around $42. In other words, Uber's days on Wall Street have been defined by a share price that has been consistently below the IPO price.That's no good. Investors are concerned about slowing growth converging on huge losses that aren't shrinking quickly enough. They are also concerned about competition and micro-mobility alternatives short-circuiting the company's long-term growth narrative, aren't convinced that the ride-sharing model is profitable at scale, and have expressed worries about UBER stock's extended valuation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNet net, UBER stock has gone nowhere in its first three months on Wall Street. For comparison purposes, BYND stock has increased by more than eight-fold in its first three months in post-IPO life.This weakness in UBER stock won't hang around forever. In the long run, this company will stay on a robust growth trajectory which will power huge revenue and profit gains, and ultimately propel UBER stock meaningfully higher.But, near-term pain is here to stay for now. Growth is slowing. Losses aren't narrowing. Until the company shows with numbers that those two adverse trends are turning around, UBER stock won't turn into a winner. * 7 Oversold Stocks To Buy Right Now The investment implication? Buy UBER stock. Hold it. Ignore the trees. Focus on the forest. Sell in a decade, at significantly higher prices. Ride-Sharing Presents a Huge Growth Opportunity Over the Next DecadeThe long-term bull thesis on UBER stock starts with one big idea: ride-sharing is in the early stages of a huge decade-plus growth narrative.Ride-sharing is the next big thing in transportation. It helps mitigate traffic issues, is cheap relative to the cost of car ownership, and aligns with the global sharing economy trend. As such, ride-sharing penetration as a percent of the global population has gone from 2.8% in 2015, to 5.2% in 2018, and is projected to hit nearly 7% by 2021. This penetration rate will continue to rise, driven by the aforementioned tailwinds and favorable demographics (over 50% of 18-29 year-old consumers in the U.S. use ride-sharing apps).Consequently, as younger consumers get older and older consumers phase out of the market, ride-sharing will continue to constitute a bigger and bigger piece of the transportation pie.At a cadence of roughly 1 point of share expansion each year, 2030 global ride sharing penetration rates could measure around 15%. Assuming a global population of 8.5 billion by then, that translates into a global ride sharing population of 1.275 billion by 2030. That's up more than three-fold from today's 400 million global ride-sharing population.So, the whole ride-sharing market has huge growth potential over the next 10-plus years. Uber is and Will Remain the LeaderUber is the global leader in this market. With 91 million monthly active platform consumers (MAPCs) in 2018, Uber commanded around 23% global share. That's up from 16.5% in 2016.Given liquidity network and scale advantages, Uber's share should continue to rise, as the more drivers Uber attracts, the lower wait times will be for riders, the more riders will come to the platform, the more money drivers can earn, and the more drivers Uber attracts. Rinse, repeat.Again assuming a cadence of roughly 1 point of share expansion per year, that implies ~35% market share for Uber by 2030. On a 1.275 billion ride-sharing population, that equates to nearly 450 million MAPCs, up almost five fold over the next decade. Thus, Uber has huge user base growth potential over the next decade and beyond. * 7 Semiconductor Stocks to Buy for Your Inner Geek Rides per consumer will also go up. Right now, Uber is recording about 57 trips per consumer per year. Americans take around 1,500 trips per year. Thus, there's plenty of room for rides per consumer to go up. Bookings per ride will also rise with inflation and as the market rationalizes. Market rationalization will also reduce promotion usage, which will drive up gross margins. Scale will drive operating leverage, pushing the opex rate lower. Contribution margin will rise significantly.Net net, I realistically think Uber projects as a 450 million MAPC company by 2030, with $400 billion-plus in bookings, $80 billion-plus in revenue, contribution margins of 25%, and net profit of at least $10 billion. Based on a typical growth multiple of 20x forward earnings, that implies a decade-forward valuation target for UBER stock of at least $200 billion -- more than twice the current market cap. Bottom Line on UBER StockIn the long run, UBER stock is a big-time winner. But, in the near term, three factors will short circuit the shares: * Valuation friction (if you discount that $200 billion long-term target back by 10% per year, you arrive at a 2019 valuation target of $77 billion, only 10% above today's market cap). * Slowing growth (Uber is gutting its marketing department in attempt to assuage the company's slowing growth trend, as gross bookings improvement has slowed from nearly 60% in the year-ago quarter, to less than 35% last quarter). * Lack of profitability (Uber's core margins made big progress last year, but are retreating this year amid heavy investments to sustain growth).Broadly, then, investors should expect the near-term pain in UBER stock to persist. Eventually, though, it will pass, and UBER stock has tremendous upside potential in a long-term window. Thus, for investors with longer horizons, current weakness is a buying opportunity.As of this writing, Luke Lango was long UBER. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With Over 20% Upside From Current Levels * The 10 Best Stocks to Invest in for August * 6 Upcoming IPOs for August The post Uber Stock Offers Investors Near-Term Pain in Exchange for Long-Term Gain appeared first on InvestorPlace.
Zoom, one of Silicon Valley's best-performing IPOs so far in 2019, is reportedly setting the groundwork for the 2020 Olympics, when it's expected an influx of foreign visitors will telecommute to their jobs while attending the Summer Games.
The cloud-based communications services provider posted better-than-expected second-quarter results and increased its full year outlook. A flurry of positive analyst comments has added to RingCentral’s rally.
By John Jannarone Beyond Meat, Inc., the plant-based meat company which serves up hugely popular vegetarian burgers, has been on a tear since its IPO just three months ago, with the stock rising eightfold. Despite Beyond Meat’s success, it has been criticized by some for an eye-watering 40 times forward sales multiple, among the highest […]
Is it a long-term consumer shift or just a short-term fad? Tonight's earnings is going to be a test to shareholders optimism about this plant-based vegan burger.
Zoom Video Communications, National Beverage, Facebook, PayPal and Microsoft highlighted as Zacks Bull and Bear of the Day
This year, the IPO market has delivered many robust gains for investors. Most of these have been in the tech sector, such as with cloud companies like Crowdstrike Holdings (NASDAQ:CRWD), Zoom Video Communications (NASDAQ:ZM) and Pagerduty (NYSE:PD). And then there's Beyond Meat (NASDAQ:BYND).Source: Shutterstock BYND stock, which is a top player in the plant-based meat category, has been a big-time surprise. The company launched its IPO in early May and the shares spiked 163%. But this was just a warm up. The Beyond Meat stock price has since gone on to gain 711%. In fact, yesterday the stock added $19.94 to $222.86 (it was at about $170 at the start of this week).All this is indicating that Wall Street is expecting blow-out earnings when the company announces its results for the second quarter next Monday. Here's a look at the forecast: The consensus is calling for revenues to come in at $52.7 million, which would be a 202% increase (during Q1, the growth rate was 215%). The company is also expecting to post a loss of 8 cents a share, which is fairly modest.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInterestingly enough, it looks like the main concern for Wall Street regarding BYND stock is that there are shortages. The demand is intense. * 7 Oversold Stocks To Buy Right Now Yet according to CEO Ethan Brown, he has been taking actions to deal with the problem. In an interview with the Wall Street Journal, he said: "We were surprised in the interest consumers were showing in our products, and that it turned on very quickly." Q2 NewsNow during the latest quarter, there has been lots of news that has helped to fuel Beyond Meat stock. Here's a look: * Dunkin Brands Group (NASDAQ:DNKN) indicated that its using Beyond Meat sausage for a breakfast sandwich. It will first be available in locations in Manhattan and then will go across the rest of the U.S. Keep in mind that BYND has distribution deals with other major food services companies like Restaurant Brands International (NYSE:QSR), Del Taco Restaurants (NASDAQ:TACO), Carl's Jr. and TGI Friday's. * Beyond Meat launched the next version of its Beyond Burger, which melts like real beef -- making the texture juicier -- and has a more neutral flavor and aroma profile. The new offering is also without GMOs, soy or gluten and is OK Kosher Certified. * According to a report in CNBC.com, Beyond Meat is creating a meatless version of bacon. Although, there is no launch date set. Bacon is on 68.1% of fast-food menus, based on research from Datassential. * Beyond Meat entered a partnership with Blue Apron (NYSE:APRN), a meal kit service. On the news, APRN stock soared by 67%! Bottom Line On Beyond Meat StockAt the time of the IPO, I wrote a bullish post for InvestorPlace.com about Beyond Meat stock. I thought the strategy was spot-on -- that is, by focusing on the mainstream consumer, not vegans or vegetarians (who account for a mere 5% of the U.S. population). The fact is that there is much interest in healthier meat substitutes, so long as the taste and texture are similar.But the problem is that the valuation on Beyond Meat stock is way too rich. Note that the market cap is $13.4 billion and the shares trade at a staggering 116 times sales. For the most part, Beyond Meat stock is factoring in hefty growth for many years to come. And this seems unrealistic as there is competition from other startups as well as long-time food producers.The run-up in Beyond Meat stock looks like what happened with the cannabis trade during the past year. There was initially a major surge because of legalization in Canada. But as growth decelerated, the stocks came under lots of pressure.Granted, when it comes to Beyond Meat stock, the momentum could continue. But with the valuation already at lofty levels, a small disappointment could mean a sizable pullback.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Oversold Stocks To Buy Right Now * 7 Stocks to Buy Upgraded by Wall Street * 7 Marijuana Stocks With Critical Levels to Watch The post Is Beyond Meat Stock Too Exuberant Ahead of Earnings? appeared first on InvestorPlace.
If you were looking at a calendar, you would be shocked to find out it wasn't 1999. That's because the IPO market is hot, hot, hot. Thanks to the continued rise in stocks and generally low-interest-rate environment, new firms have been tapping the equities markets in a big way.After a slight dip during the first quarter of the year, the IPO market has roared back. According to IPO specialists Renaissance Capital, more than 62 new stocks hit the tape and raised more than $25 billion from investors.This was the most active quarter by deal count in roughly four years. Moreover, these IPOs raised the most capital raised out of the last five years. What's crazy is that many of these IPOs have been killing as they started trading. The average return for these new stocks has been 30%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith such gains already in the tank and many IPOs still losing money, the question is whether or not they are worth buying today. * 7 Stocks Top Investors Are Buying Now The answer is not so simple and depends on the stock. Not all unicorns and big-named IPOs are going to turn out for the best. In fact, many may have gotten ahead of themselves.Should you buy hot IPOs like Beyond Meat (NASDAQ:BYND) or Uber (NASDAQ:UBER)? Read on to find out. Beyond Meat (BYND)Buy or Sell? SellPlant-based and vegan food options are becoming more commonplace in homes and restaurants across the country. All in all, the global plant-based protein market is expected to reach $5 billion in sales by 2020. Capitalizing on this is recent IPO Beyond Meat (NASDAQ:BYND).And investors have gone gaga for shares in a big way. BYND stock is up a staggering 734% since its IPO. There might be some method behind that insane return. BYND continues to rack-up new deals and customers for its innovative plant-based foods. That resulted in a big sales boost -- an increase of 215% -- during the first quarter.However, shares may have gotten ahead of itself. For one thing, we're talking about a stock with a $12 billion market cap on just $40 million in sales. That makes it very pricey indeed. Investors have basically priced in plenty of its future growth today. Moreover, the firm isn't even close to profitable and is expected to be for quite some time. Finally, its niche is getting very crowded. A variety of more entrenched food names are starting to move into the plant-based protein market. This includes more traditional meat players like Tyson (NYSE:TSN). In the end, BYND may not get all those sales investors are banking on.Given the euphoria behind BYND stock and potential for that excitement to not pan out, investors sitting on gains in the hot IPO may want to cash in. Beyond Meat may be beyond a reasonable buy at this point. Pinterest (PINS)Buy or Sell? BuyThanks to the toxic political environment, many people are starting to turn away from social media sites like Facebook (NASDAQ:FB) and Twitter (NASDAQ:TWTR). Which is why recent IPO Pinterest (NASDAQ:PINS) could be a big bet.Source: Shutterstock PINS operates a digital bulletin board. Like a recipe? Pin it. Think a wall color for your home is pretty? Pin it. Want to save an article on how to fix your vintage Indian Motorcycle? Pin it. The point is, it's all about you. There is almost zero interaction with other people.But the real win for Pinterest is that its users are generally on the site looking for ideas and inspiration. Basically, they are in the market to directly buy something specific. While FB builds a user profile for advertisers, there's no guarantee that they actually want to buy the product being pushed into their feed. Generally speaking, if you're searching for wall scones or dining room tables on PINS, you're looking to add them to your home. This gives it an edge when it comes to generating ad sales versus its peers. As for those ads themselves, because of the nature of the site, they don't feel intrusive like a Facebook or Instagram ad does. * 10 Stocks to Buy From This Superstar Fund This strategy seems to be working well for PINS. The IPOs first-quarter results got a big 54% jump in revenues, while active users also increased. The best part is, the firm's losses have lessened. With a long runway -- Pinterest is looking to add more male users to its platform -- the potential is there. That could make PINS stock a big buy for the long haul. Zoom Video (ZM)Buy or Sell? BuyIf you have used Skype or another video conference software, you've noticed that it hasn't lived up what the Jetson's promised us. It's grainy, connections stink, and it tends to freeze-up. But loud computing SaaS firm Zoom Video (NASDAQ:ZM) is looking to change that.Source: Shutterstock Started by former Cisco (NASDAQ:CSCO) employees, ZM's focus was on improving picture quality and connectivity. And it turns out that using a SaaS model with dedicated servers works to do just that.The beauty is that Zoom's pricing model based on subscriptions and add-ons is very appealing to companies. Adding on enhanced video, additional users and other capabilities are easy and quickly scalable. ZM then collects a monthly check.So far, ZM has managed to add over 405 large enterprise customers to its umbrella. And those firms are spending some big bucks. Revenues have jumped more than 103% in the last quarter. Income from operations was positive and GAAP earnings clocked in at a slight profit. This reverses losses in both areas in the year ago period. In the end, Zoom's simple operating model and focus is allowing it to quickly become a profitable IPO.With sales and new customers growing, ZM stock could make a great addition to a portfolio. That is, unless someone else doesn't buy it first. Already, M&A buzz is starting to hit the stock as many tech players would love to get their hands on the firm's operations. Chewy (CHWY)Buy or Sell? BuyDriving around my neighborhood during the day, you see a ton of Amazon (NASDAQ:AMZN) boxes sitting on porches and by front doors. You also see equally as many bright blue boxes from new IPO Chewy (NASDAQ:CHWY).Source: Shutterstock Chewy operates a pet-specific online retailer offering everything from food and toys to pet medicines and health products. The firm is hoping to tap into the growing concept that dogs, cats and other animals are actually members of the family. And pet parents will to spend some big bucks making sure their furry friends are treated right. According to the American Pet Products Association, Americans spent more than $72 billion on pet care products last year.CHWY's advantage comes down to its branding. After pet store owner PetSmart purchased the online retailer a few years ago, it underwent a massive advertising spending spree. That increased brand awareness and made it the go-to place to buy supplies online. And while Amazon may be a threat, the best way to think of this is sort like Etsy (NASDAQ:ETSY). AMZN couldn't compete with ETSY's branding in homemade crafts. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip The results seem to be working in CHWY's favor. Net sales increased 45% to over $1.1 billion last quarter. Meanwhile, the firm saw a 69% improvement in its earnings, moving it closer to actual profits. With the IPO being up almost 50% since its launch, there could be more in store for Chewy stock. Uber (UBER)Buy or Sell? SellPerhaps no other IPO on this list was more hyped than Uber (NASDAQ:UBER). The ride-sharing firm was built-up for years as the next big thing. Unfortunately, that hasn't translated into actual gains for its investors. Right now, you can still score shares of UBER stock for below its $45 per share IPO price tag.Source: Shutterstock And there are plenty of reasons why. Business Insider counts 49 of them. Scandals and issues have continued to plague the firm. This has included everything from internal working environment problems, accounts of price gouging during emergencies and even sexual assault by drivers. This has continued to hurt the firm's public image. And could be why Uber has lost some key contracts -- such as their deal with McDonald's (NYSE:MCD) -- in recent months.Meanwhile, competition from smaller and other ride-sharing services have hit UBER in terms of fares and overall revenues. Despite rising bookings, losses at UBER continue to mount. Last quarter, those losses jumped 116% year-over-year. That's a troubling sign for any company -- especially for one that carries a $73 billion market cap. California's recent vote to make Uber drivers employees rather than contractors could spell more issues when it comes to that path to profitability.In the end, it's not that UBER isn't an innovative firm or game-changer. It certainly is, it's just a question of too many issues plaguing the firm. That could make it a big-time sell until it gets those issues worked out.At the time of writing, Aaron Levitt held a long position in AMZN More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 5G Stocks to Connect Your Portfolio To * 7 Stocks to Sell This Summer Earnings Season * 6 Upcoming IPOs for July The post Should You Buy or Sell These 5 Hot IPOs? appeared first on InvestorPlace.
Wednesday's awakening in small-caps and the S&P 500's tagging of a new high continues to fuel optimism among traders. As such, shopping for stocks to buy on dips remains a compelling idea.Tack-on an expected rate cut out of next week's Federal Reserve meeting and an earnings season that has thus far sidestepped any disasters from market-leading stocks and we have an environment that continues to support a bullish bias.Besides, success on short trades has been elusive for all but the nimblest of traders this year. Sure, sellers clinched a victory in May, but the rioting was quickly put to rest when buyers returned in mass to propel stocks to new highs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Small-Cap, Up-And-Coming Stocks to Keep on Your Radar I've scoured my watchlist and found three compelling dip stocks worth betting on. Let's take a closer look. Disney (DIS) Click to Enlarge Source: ThinkorSwim After pole-vaulting higher in April on the Disney+ unveiling, DIS stock has settled into a more sustainable uptrend. The gradual ascent has clung to the 20-day moving average. And although we've seen a fair bit of chop along the way, the series of higher pivot highs and higher pivot lows remains intact.Last week's retreat created a lower-risk entry point for spectators looking to enter the fray. The past three days of doji action signal a stalemate at current prices, but I think we could see a run-up into the earnings release scheduled for Aug. 8.If you agree with the bullish bias, then consider deploying long call or call spread plays. Buying the Sep $140 call or the Sep $140/$145 bull call spread are both direct ways to bank on upside follow-through. If you can grab a modest profit ahead of earnings, then you might exit beforehand to avoid any giveback if the company disappoints. Roku (ROKU) Click to Enlarge Source: ThinkorSwim Roku may be 2019's momentum stock of the year. Its ascent has been powerful, prolonged and consistent. Short of one hiccup in April, ROKU stock has been trending above its rising 50-day moving average. Earnings announcements have been a powerful contributor with powerful rallies emerging after the past two quarterly reports.The next release looms on Aug. 6, and similar to Disney, I think we could see a run-up ahead of it. Part of what catches my eye right now in ROKU is the orderly bull flag pattern formed over the past week. The high volume breakout on July 16 and ensuing low volume pause is creating a pretty pausing pattern that looks primed for an upside move. * 7 Stocks to Buy Upgraded by Wall Street Watch for a pop over $110, then consider entering bull trades. I like the Sep $110/$120 bull call spread. Zoom Video Communications (ZM) Click to Enlarge Source: ThinkorSwim Our final pick for dip stocks has carved out a nice uptrend since its April IPO. Since its opening print of $65, ZM stock has climbed 50% to its current perch just under $100. The 20-day and 50-day moving averages are both trending higher to confirm buyers' control of the short- and intermediate-term trends.The price action following July 15's high volume jump has mirrored that of ROKU. The consolidation looks similar to a bull flag and suggests the stock is resting ahead of its next breakout. When it finally does pop, a run toward the $107.34 high could be in the cards.Unlike its predecessors, Roku doesn't have earnings until September, so we have plenty of time to bank on its trend continuation.Buy the Sep $100/$110 bull call spread for around $3.70.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 5G Stocks to Connect Your Portfolio To * 7 Stocks to Sell This Summer Earnings Season * 6 Upcoming IPOs for July The post 3 Key Stocks to Buy on a Dip appeared first on InvestorPlace.
Caterpillar and Boeing reflected global trade problems among stocks in the Dow Jones Industrial Average. Chips and small caps gave a bullish display.
It's turning out to be a standout year for IPOs. Granted, there have been some duds, including deals that have lost more than half their value. But this is the case with any IPO market, as these deals can be fairly risky.Yet for 2019 we have seen mega deals -- such as Uber (NYSE:UBER) -- as well as a myriad of huge gainers like Beyond Meat (NASDAQ:BYND), Zoom Video Communications (NASDAQ:ZM) and Shockwave Medical (NASDAQ:SWAV).OK then, for those interested in this part of the market, how do you track upcoming IPOs? Well, we are going to help out. At InvestorPlace.com, we are launching a new monthly column on IPOs to watch. It will be a convenient way to get a sense of what to expect.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy From This Superstar Fund As for this month, there are six interesting upcoming IPOs. So let's take a look at each: Upcoming IPOs: Health CatalystSource: Shutterstock Health Catalyst is focused on significantly reducing the waste and inefficiencies in the healthcare system. To do this, the company has built a sophisticated platform that ingests large amounts of data and leverages analytics and machine learning. Health Catalysts also has a team of domain experts and data scientists that help customers to successfully implement and use the technology.Last year, total revenues went from $73.1 million to $112.6 million. There are currently 126 customers, including Allina Health, Children's Hospital of Orange County, Community Health Network and UPMC.The Health Catalyst platform has resulted in major savings for customers. For example, in the case of Allina Health, they have realized up to $125 million in a given year.Regarding the Health Catalyst IPO, the company plans to issue 6 million shares at a range of $20 to $23 and the lead underwriters include Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM) and William Blair. The company will list on the Nasdaq under the symbol HCAT. Livongo HealthSource: Shutterstock Unfortunately, in 2014 about 147 million adults in the U.S. suffered from one chronic condition -- and 40% of those had two or more. And the trend is only getting worse.But Livongo Health is working on innovative approaches to deal with the challenges and problems. At first, the company started with diabetes (which affects more than 30 million Americans) by offering a cellular-connected meter that tests materials, provides real-time coaching and offers 24/7 monitoring. From here, Livongo Health has gone onto other categories like hypertension, prediabetes and weight management. The diabetes business remains the largest, however, with 192,000 members.What's more, growth has certainly been robust. Last year, revenues spiked by 112% to $68.4 million. * 7 Defense Stocks to Buy to Fortify Your Portfolio For the upcoming IPO -- which will be listed on the Nasdaq under the ticker of LVGO -- Livongo Health expects to sell 10.7 million shares at a range of $24 to $26 and the lead underwriters include Morgan Stanley (NYSE:MS), Goldman Sachs and JPMorgan. ProSight GlobalSource: Shutterstock Founded in 2009, ProSight Global is a next-generation specialty insurance company. The company, which has the backing of Goldman Sachs and TPG, has built a platform that has a direct connection with its customers. This has provided a better experience and unique product offerings.Note that there are nine customer segments: Media and Entertainment, Real Estate, Professional Services, Transportation, Construction, Consumer Services, Marine, Professional Employer Organizations and Energy. Also the focus is primarily on small- and medium-sized businesses.In 2018, the company wrote $895.1 million in gross written premiums and the stockholders' equity was $389.8 million. There was also an 82.6% premium renewal retention.Regarding the ProSight Global public offering, the company expects to sell 8.8 million shares at a range of $16 to $18 and the lead underwriters include Goldman Sachs, Barclays and BofA Merrill Lynch (NYSE:BAC). The company expects to list its shares on the NYSE under the symbol of PROS. Sunnova Energy InternationalSource: Shutterstock Sunnova Energy International is a residential solar and energy storage service provider. According to the company, a main differentiation is that it relies on local dealers to originate, design and install the systems. There are more than 63,000 customers in the U.S., with about 455 megawatts of generation capacity.The company is relatively young, having been founded in 2013. And yes, growth has been strong as revenues last year jumped by 37% to $104 million. Yet losses remain high at $74.2 million. * 10 Tech Stocks That Are Still Worth Your Time (And Money) The company's shares will be listed on the NYSE under the symbol of NOVA. The expectation is to offer 17.6 million shares at a range of $16 to $18. As for the underwriters, they include BofA Merrill Lynch, JPMorgan, Goldman Sachs and Credit Suisse (NYSE:CS). Vista Oil & GasSource: Shutterstock Vista Oil & Gas is engaged mostly in the exploration and production of oil and gas. The company also has operations across two countries: Argentina and Mexico. In fact, Vista Oil & Gas is a public company in Mexico.For this year, the plan is to drill with a total of 34 wells. There will also be continued heavy investments, up to $300 million, so as to obtain a target production of 65,000 barrels of oil equivalent per day by 2022.Regarding the IPO, it will involve the issuance of 10 million shares at $9.46 (the security will be an American depositary share) and the shares will be listed on the NYSE under the symbol VIST. The lead underwriters are: Citi (NYSE:C), Credit Suisse, Itau BBA, Morgan Stanley and Santander. Wanda Sports GroupSource: Shutterstock Wanda Sports Group operates an events, media and marketing business in China. For example, the company is the largest operator of events for triathlons, mountain biking and running. It has also been investing aggressively in digital technologies, such as to capitalize on its rich trove of data.From 2016 to 2018, revenues have increased from €877.2 million to €1.1 billion. There was also a €54.0 million profit last year.Consider that the global sports media and events market is expected to grow at a respectable pace, from €179 billion in 2018 to €224 billion in 2022. Although, the growth tends to be higher on even years due to the FIFA World Cup, the UEFA EURO football events and the Olympic Games. * 7 Stocks Top Investors Are Buying Now The shares of the Wanda Sports Group are expected to list on the Nasdaq under the symbol WSG. The plan is to sell 33.3 million ADSs at a range of $12 to $15. What's more, the lead underwriters include Morgan Stanley, Deutsche Bank (NYSE:DB) and Citi. What Is an IPO?Source: Shutterstock For many people, IPOs are kind of a mystery. After all, it does seem kind of strange for a company's stock to zoom on the first day of trading, right?Definitely.So here's a quick explanation of IPOs. An IPO is when a company issues its shares to the public on an exchange, such as the Nasdaq or NYSE. Often this process results in raising a large amount of money, say over $100 million.Getting to this point is not easy. A company needs to have audited books, a strong financial infrastructure and an experienced management team. There will also need to be advisors -- called investment bankers or underwriters -- who will provide the guidance through the process. This involves putting together a disclosure document, called an S-1 (which you can download at sec.gov), and having a roadshow, in which management makes presentations to investors.The advisors will generally undervalue the shares, allowing for the pop. It's a way to reward investors. Yet these investors are usually institutions, hedge funds and wealthy people.Yes, it's kind of unfair, but the system has seen little change over the decades. Despite this, individual investors have still made lots of money from IPOs -- such as from Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Facebook (NASDAQ:FB) - regardless if they got the shares at the offering price.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 6 Upcoming IPOs for July appeared first on InvestorPlace.
EquityZen CEO Atish Davda sits down with Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Sozzi, and Jared Blikre to discuss what investors should consider for WeWork's IPO.