Yesterday, Monday.com (MNDY) made its filings to IPO public. The F-1/A provides Monday.com’s final pre-IPO pricing notes and makes public planned investments from Zoom (ZM) and Salesforce (CRM).
The expected price range if Monday.com’s stock ranges from $125 to $140 which makes up the $6 billion dollar valuation. The IPO is slated for Thursday and the shares will be listed on the NASDAQ. The lead underwriters include Goldman Sachs (GS), J.P. Morgan (JPM), Allen & Company, and Jefferies (JEF).
Since the company is looking to trade today, we’re looking at data that could be final unless the company plans to push prices higher above current estimates. Many investors may prove that Monday.com’s IPO could be a bellwether for the larger unicorn software exit market making it’s debut intense for itself more than employees or venture backers.
Monday.com is certainly benefiting from some major trends. For example, according to research from IDC (International Data Corporation), about 65% of the global GDP (Gross Domestic Product) is estimated to be digitized from 2020 to 2023. That means most products and services will be based on a digital delivery model or require digital augmentation. Consequently, companies are expected to spending around $6.8 billion on new technologies.