FOUR trade ideas
Recent IPO + hot sector! Quiet period ending Jun 30thIndependent payment processing and financial technology company
Lead:Citigroup, Credit Suisse, Goldman Sachs
Co manager: BofA Securities, Morgan Stanley, RBC Capital Markets, Evercore ISI, Raymond James, Suntrust Robinson Humphrey, Wolfe Capital, TD Securities, Telsey Advisory Group
IPO going higherNo reason, it just is. Run by a young founder who is going to disrupt this backwater firehose money.
FOUR new trendI see a buy opportunity for this new IPO, company is solid and has amazing contracts with huge companies like Hilton...
Shift Payments Strong Buy --> IPO Scheduled TomorrowFirst off, please don't take anything I say seriously or as financial advice. As always, everything I say is on an opinion based basis. If anybody is excited for some potential IPO opportunities, Shift payments definitely looks like one of them. The price proposed at at $21, seems reasonable when looking at A) Competitors such as PayPal and Square B) Recent POS growth for restaurants post-Covid C) Financial expectancies. After missing the ZI IPO, I definitely think this one is one to watch out for + potentially hold. If it doubles, and I were to buy it than, I would sale and reinvest in the dip or hold depending on market activity. Either way, looks to be a strong buy.
