team management software The company Monday.com filed a new IPO today. The latest document — an F-1/A, because the company is based in Israel — provides what could be Monday.com’s final pre-IPO pricing notes and plans from both Zoom and Salesforce after its public offering closes. Investment details.
The exchange explores startups, markets, and money.
Read it every morning on Extra Crunch or get the Exchange newsletter every Saturday.
Monday.com’s price range of $125 to $140 per share is north of $6 billion at the top end of its target gap, a sharp upgrade from its last private price it recorded in mid-2019.
Let’s quickly unpack its IPO valuation range, discuss the private placements Zoom and Salesforce are planning, and what Monday.com’s IPO news means for a wider public offering window.
As the company expects to trade tomorrow’s price and Thursday, we are looking at data that could prove final unless Monday.com pushes prices above its IPO price range or above its current estimates. Doesn’t manage to raise. Given the sheer number of IPOs either filed or fast approaching, Monday.com could prove to be a bellwether for the larger unicorn software exit market. Therefore, its launch matters more than itself, to its employees and to its enterprise supporters.
What is Monday.com worth?
There are a few ways to value a company when it goes public. The first is its so-called simple evaluation. To calculate a simple price for a debuting entity, we multiply the two extremes of its IPO price range by the number of shares outstanding since its launch. This works as follows in the case of monday.com: