Asana is one of the top productivity tools on the market alongside Hive, Basecamp, Monday and many others. The word asana comes from the Sanskrit word for yoga pose. The application is focused on simplicity and ease of use. Most customers say the service helps them to increase team accountability and meet deadlines, communicate about work and gain clarity on their goals.
The service operates on a freemium model, there is a free plan for individuals and teams under 15 people, and 3 tiers of premium plans: premium, business and enterprise with levels of functionality, features, and customizations. Asana chose to enter the stock exchange through a traditional IPO—a direct listing as opposed to going public via a special purpose acquisition company SPAC , which has been popular with new IPOs in recent years. SPACs are companies created for the purpose of merging several companies that wish to go public.
This makes the process of IPO cheaper and more simple. Thus, Dustin Moskovitz, who owns a 2. Asana has over 93, paying customers as well as millions of free users in virtually every country of the world— out of Despite the rising revenue, the company is not profitable yet and has a long way to go before breaking even.
This is normal for new companies because they can rely on investment capital and reinvest everything back into their business for the long-term, they can focus on their growth without having to pay taxes on their profits. So most analysts give this stock a buy or hold rating, and we happen to agree. IPOs can be a great way of getting a quick return on your investment, but the most important thing is investing in things you believe in.
If you want to find companies that match your interests, investment goals and portfolio, try Gainy for some great IPO investment ideas as well as a variety of other assets. Asana has been a public company for over a year now. When a company launches an IPO, this means a company becomes public.
Personalized investment recommendations based on your interests, portfolio and goals. Download App. Our Blog Download App. IPO Date:. Search new IPOs and alternative stocks in Gainy. Of course, an initial post-IPO arc only says so much about a company, as things can change over the course of the year. It saw a fairly large pop on its first day of trading of 58 percent, and while its stock price has dipped here and there, including around the time of the first COVID outbreaks, its overall trend has been positive.
The mattress company dropped its IPO range and slashed its valuation before it began trading back in early February. Its stock opened about 21 percent up on its first day of trading, but has been down pretty much all year. The company saw its stock pop right away, and though it dipped briefly in May, its shares have trended largely positive.
The company ends the year with its stock up more than percent above its IPO price. ZoomInfo went public at a time when most U. Vroom was among the first IPOs over the summer to see its stock more than double on its first day of trading , reigniting the IPO vs direct listing discussion. Things went up from there, but have settled back down to around where the company was in June.
Agora saw its stock price spike on its first day of trading, closing more than percent above its IPO price. Lemonade was the first high-profile insurtech company to go public this year, also around the time when the tech IPO market started to pick up after a COVIDinduced lull.
Its stock price stayed relatively flat until December, when it started steadily climbing. The Austin-based company saw the largest IPO pop for a VC-backed tech company that went public in , with its stock closing its first day of trading up by around percent. Things have settled down a bit since then, and the company is poised to end the year around the same price it started trading.
The company is 20 years old, and private-equity firm Apax Partners acquired a majority stake in the company in But still, JFrog had an excellent first day of trading. Sumo Logic had a nice pop on its first day of trading, opening 22 percent above its IPO price.
This year has been a big one for telehealth and telemedicine companies. Video game software development company Unity Technologies has had a big year, with gaming and entertainment seeing a boost because of the large number of people staying home this year.
Its stock has also surged to more than triple its IPO price from around four months ago after a strong stock market debut. The project management software co-founded by Facebook co-founder Dustin Moskovitz was one of two notable direct listings this year. Root Insurance was another buzzy insurtech company to go public in , following Lemonade. But the enterprise artificial intelligence company has had a stellar performance so far, nonetheless.
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