$TNTR, $APRN IPOs

2017年6月20日

TTNTR Underwriters: Morgan Stanley, BofA Merrill Lynch, Pacific Crest
APRN Underwriters: Goldman Sachs, & Co, Morgan Stanley, Citigroup and Barclays

2017年6月27日

註釋

I expect TTNTR have something like +45-60% upside at the first day.
As for APRN - i think it more like 25-35% up first day.

TTNTR - good to hedge earnings with forward/or opening short position on second account after 7-14 days. I expect it will go lower in 30 days and could even go to its IPO price as NTNX after its first earnings report (due to high expense).

APRN - i'd recommend to hold this one for longer, with booking the profits after the 3 month lock-up period at least. This one should steadily grow up.

I'm in on both IPOs here.

2017年6月28日

註釋

Blue Apron cuts pricing range from $15-$17 to $10-$11. Cuts valuation from $3 to $2 bn before it even starts trading.

Ouch. Thats actually bad here. Its cheaper but thats not good sign about the "demand" ;)

2017年6月29日

註釋

TTNTR - IPO canceled 1 day before start.

APRN - $10 price. Fundamentally, nothing changed. Looks like underwriters had to ask the company to change the price in order to not have the "pump and dump" betrayinf its investors. So think of it as dump already happened. I think we are going to see $11-12 today and slowly back to $14-15.