Workplace management software maker Monday.com is going public on the Nasdaq today, Thursday June 10, trading under ticker symbol MNDY.
You can purchase whole shares when the market opens, while fractional shares will be available soon.
Offering its shares at the current guide price of $132.50 per share, this gives the company an approximate valuation of $6.8 billion, making it one of the largest offerings by an Israeli company on Wall Street.
Here is how you can buy shares
The stock can be found under the ticker symbol MNDY.
Please note that orders can only be placed as Limit Orders until regular trading commences after the opening auction.
We remain at your disposal for further assistance. You may get in touch with us on +356 25 688 688 or via live chat through the Moneybase Invest app.
Originally established in 2010 as an internal development tool for Wix.com by Roy Mann and Eran Zinman, the co-founders experienced first-hand the challenges faced when scaling an organisation. A few years later, it spun off and had a capital raise of $1.5 million.
Today, its cloud-based platform allows companies to create their own applications and tools based on their needs, while the Work OS is at the core of its technology, boasting a myriad of different components and integrations, as well as built-in and dynamic widgets to create interactive dashboards.
In 2020, monday.com's revenue grew to $161 million from $78.1 million in 2019, while revenue in the first quarter of 2021 was $59 million, up 84.7% from the corresponding quarter in 2020.
As of 2021, the company serves 127,000 customers across 200 business verticals. Its current addressable market is at over $56 billion, which is expected to hit $87.6 billion by 2024.
Moneybase Invest is brought to you by Calamatta Cuschieri Investment Services Ltd licensed by the MFSA under the Investment Services Act.
Aimed at investors having the knowledge and experience to undertake execution only investments without any protection under business conduct rules. The value of investments may go down as well as up. Past performance is not a guide to future performance.