Stocks monitoring (September 11, 2020)
Unity experiments with new IPO process
- Unity, which sells software to create video games, is trying out a new bidding process for a public listing later this month, adding to the growing number of companies seeking alternatives to the traditional IPO.
- Prospective institutional investors will be asked how many shares they wish to buy, and at what price, by an online system managed by Goldman Sachs, according to a notice sent out to explain the new process. Investors can place multiple bids at difference prices.
- Unity will select a price for the offering after the bids are entered, allocating a portion of the shares to all investors who indicated interest above that price level, according to the notice, which was viewed by the Financial Times.
Docusign
Chris Perruna on Twitter @cperruna
$DOCU is a textbook example of what you look for in a big winner.
- Great new product or service
- Increasing Sales
- Increasing Earnings
- Increasing Institutional Sponsorship
- Increasing Price & Volume
It has had it all – it's all related with this one.
Fastly –7% today
CMLviz reports and shares Fool.com analysis.
- The content delivery network's largest customer may soon be forced to shut down its American operations, taking a large bite out of Fastly's revenue stream.
- The content delivery network specialist counts Chinese social media network TikTok as its largest customer, and that revenue stream will dry up unless TikTok owner ByteDance finds a buyer for the American part of the service before Sept. 15.
- TikTok was reportedly close to announcing a winner between Microsoft and Oracle in August, but the Chinese government stepped in with new export regulations that would require government approval of any deal.
Amazon Advertising & Twitch
Amazon Opens Twitch’s Ad Inventory to Programmatic Buyers.
Twitch inventory is now available on the Amazon Advertising platform, meaning media buyers can now purchase ads programmatically on the esports streaming site.
Previously, advertisers had to undergo a more manual process of purchasing ads on the streaming site, which attracts an average of 17.5 million daily viewers, but as of earlier this week, Twitch audiences are available for inclusion in Amazon Advertising campaigns.