Veeva Systems soars following IPO

After pricing its 13M-share IPO at $20 yesterday, Veeva (VEEV) opened at $38 and is currently at $36.99, up 85%. That gives the provider of cloud software for life sciences firm a market cap of $4.53B.

Even if Veeva's revenue growth in the second half of fiscal 2014 (ends Jan. '14) matches the 71% seen in the first half, shares would still be trading at more than 20x FY14 sales.

S-1, IPO preview

Comments (4)
  • Paulo Santos
    , contributor
    Comments (34781) | Send Message
    Bubble after bubble.
    16 Oct 2013, 11:27 AM Reply Like
  • PSalerno
    , contributor
    Comments (6379) | Send Message
    After Bubble Bern, we'll have Calamity Jane ! heheh...
    16 Oct 2013, 11:35 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9710) | Send Message
    What the...?
    16 Oct 2013, 11:53 AM Reply Like
  • overlandpark4me
    , contributor
    Comments (34) | Send Message
    Check it out in a year, then we'll talk.
    16 Oct 2013, 03:28 PM Reply Like
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