Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Discovery, Inc.
  6. News
  7. Summary
    DISCA   US25470F1049

DISCOVERY, INC.

(DISCA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Israel's monday.com valued at nearly $7.6 bln in Nasdaq debut

06/10/2021 | 12:39pm EDT

June 10 (Reuters) - Shares of monday.com Ltd jumped nearly 12% in their Nasdaq debut on Thursday, giving the Israeli work management company a market capitalization of about $7.6 billion.

The company's shares opened at $173.15, compared with their initial public offering (IPO) price of $155 per share.

Tel Aviv-based monday.com sold 3.7 million shares in its IPO, raising about $574 million.

Launched in 2014, the company operates a cloud-based platform known as Work OS that allows organizations to build software, applications and work management tools based on their needs.

"There is a big shift in the last ten years in Israel. We're breaking another glass ceiling I think... in terms of the maturity of the ecosystem," co-Chief Executive Officer Roy Mann told Reuters in an interview.

monday.com is present in more than 190 countries and has over 125,000 customers, including companies such as Adobe Inc , Peloton Interactive Inc, Discovery Inc and Universal Music Group.

"monday.com's strong IPO pricing illustrates appetite for online workplace management software tools remains robust as a consequence of pandemic-induced growth," said Nalin Patel, EMEA Private Capital Analyst at PitchBook.

The company sees a massive opportunity in using its internal and external resources to go after the market and does not see any reason to pursue any acquisitions post going public.

"Our plan is to grow organically for a long time," Mann said.

monday.com's revenue surged 85% to $59 million in the three months ended March 31, from a year earlier, the company's filing showed. Net loss, however, widened to $39 million from $19.9 million.

Goldman Sachs, J.P. Morgan, Allen & Co and Jefferies were among the underwriters of the offering. (Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli and Shailesh Kuber)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADOBE INC. -0.26% 574.23 Delayed Quote.13.44%
DISCOVERY, INC. 0.07% 29.51 Delayed Quote.-1.99%
NASDAQ COMP. 0.13% 14271.7325 Delayed Quote.9.72%
PELOTON INTERACTIVE, INC. 0.26% 117.48 Delayed Quote.-22.77%
THE GOLDMAN SACHS GROUP, INC. 0.98% 361.05 Delayed Quote.35.58%
All news about DISCOVERY, INC.
01:39pDISCOVERY  : HGTV GREENLIGHTS NEW SERIES ‘MARRIED TO REAL ESTATE' (WT) WIT..
PU
09:25aDISCOVERY  : IOC, UNHCR AND DISCOVERY UNITE TALENT FROM THE WORLDS OF SPORT AND ..
PU
04:27aDISCOVERY  : LEANN RIMES SURPRISES LONGTIME FRIEND AND COUNSELOR WITH AN INDOOR/..
AQ
06/22FACTBOX : Money, money, money: the cost of Tokyo's pandemic-delayed Games
RE
06/22DISCOVERY  : LEANN RIMES SURPRISES LONGTIME FRIEND AND COUNSELOR WITH AN INDOOR/..
PU
06/21DISCOVERY  : Emmy Nominated Series ‘SERENGETI' Returns for Second Season J..
PU
06/21DISCOVERY+  : ANNOUNCES JULY PROGRAMMING SLATE - Discovery, Inc.
AQ
06/18DISCOVERY  : Emmy nominated series serengeti returns for second season july 18 o..
PU
06/18DISCOVERY+  : Announces july programming slate
PU
06/18DISCOVERY  : ANNOUNCES ROBUST ROSTER OF NEW AND RETURNING SHARK WEEK 2021 ADVERT..
AQ
More news
Financials (USD)
Sales 2021 12 081 M - -
Net income 2021 980 M - -
Net Debt 2021 11 907 M - -
P/E ratio 2021 20,3x
Yield 2021 -
Capitalization 19 138 M 19 138 M -
EV / Sales 2021 2,57x
EV / Sales 2022 2,35x
Nbr of Employees 9 800
Free-Float 64,2%
Chart DISCOVERY, INC.
Duration : Period :
Discovery, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DISCOVERY, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 29,49 $
Average target price 42,83 $
Spread / Average Target 45,2%
EPS Revisions
Managers and Directors
NameTitle
David M. Zaslav President, Chief Executive Officer & Director
Gunnar Wiedenfels Chief Financial Officer
Robert J. Miron Chairman
Avi Saxena Chief Technology Officer
David C. Leavy Chief Corporate & Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
DISCOVERY, INC.-1.99%19 138
FOX CORPORATION29.29%21 361
RTL GROUP S.A.24.11%9 014
NEXSTAR MEDIA GROUP, INC.33.26%6 207
TEGNA INC.33.98%4 133
NINE ENTERTAINMENT CO. HOLDINGS LIMITED29.31%3 900