Buy or pass? The pros and cons of investing in 9 upcoming tech IPOs from Palantir to Asana

No tech company from California’s famed startup basin, Silicon Valley, has gone public since last year. That could be because some high-profile 2019 Silicon Valley IPOs like Uber and Lyft flopped. But investors have short memories, and this week a half-dozen startups from the Valley filed to go public. About another half-dozen tech startups from other regions also announced their IPO plans this week.

Here are some key statistics and pros and cons investors may want to weigh vis-à-vis Palantir, Asana, Snowflake, and the rest of the upcoming class of late 2020 tech IPOs. Each company’s description includes a link to its S-1 filing. All financial data is from 2019 unless otherwise indicated.

Palantir Technologies

Symbol: PLTR
2019 revenue: $743 million
Revenue growth: 25%
Gross margin: 67%
Net loss: $580 million

Founded in 2003, Palantir created software to help defense and intelligence analysts sort through massive amounts of information … Read More

Unstoppable Djokovic downs Raonic to clinch Western & Southern Open title By Reuters

5/5
© Reuters. Tennis: Western & Southern Open

2/5

By Amy Tennery

NEW YORK (Reuters) – Novak Djokovic kept his unbeaten streak in 2020 alive as he survived a terrible start to defeat Milos Raonic 1-6 6-3 6-4 in the final of the Western & Southern Open on Saturday.

The 17-time Grand Slam winner fended off Raonic’s mighty serve to extend his 2020 winning run to 23-0, clinching his 80th career title and equalling Rafael Nadal’s record of 35 Masters 1000 wins.

Battling through a neck injury, Djokovic struggled early in the match as he produced four double faults in the first set. Raonic took advantage of the world number one’s misfiring serve to close out the set in just 30 minutes.

“Was a bit slow at the beginning, but I thought I did well, considering the form that Milos is in,” the 33-year-old Serbian told reporters.

“He’s serving rockets

Read More