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DigitalOcean’s IPO (NYSE: DOCN)

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Comments

  • seriesnseriesn Member

    @Offshore_Solutions said: Where are you at @seriesn with DO now? Still investing in Q2?

    Will wait to see their financials. From what I have seen and heard, it is not as pretty as everyone think it is.

    Thanked by 1Offshore_Solutions
  • lentrolentro Member, Host Rep

    @seriesn said:

    @Offshore_Solutions said: Where are you at @seriesn with DO now? Still investing in Q2?

    Will wait to see their financials. From what I have seen and heard, it is not as pretty as everyone think it is.

    I'll have to admit their IPO roadshow video was pretty awesome. I don't see it on YouTube anymore so here it is on Skynet:
    https://siasky.net/EAAaH1Fd2WKXR549IPl9nAQjtbkuP1OnC2lkbpKjTCTOOA

    See 23:10, 24:30, 26:00 for some financial info.

    Basically, they pitch it as a 75% gross margin business with global developer recognition, increasing average customer spending and revenues are increasing faster than costs so it'll reach profitability eventually.

    Not as awesome as 15:11 on CloudFlare's IPO roadshow video though:

    I personally think DOCN is a good solid business, but the stock is a bit too high right now.

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