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GitLab Readies $598 Million IPO

Oct. 05, 2021 2:36 PM ETGitLab Inc. (GTLB)5 Comments


  • GitLab has filed proposed terms to raise $598 million in an IPO for the company and a selling shareholder.
  • The firm provides a SaaS-based DevOps software platform for enterprises worldwide.
  • GTLB has produced strong growth, excellent retention results and operates in a high-growth industry, so the IPO is worth a close look.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

System engineering concept. Engineers working in the office. GUI (Graphical User Interface).

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Quick Take

GitLab (NASDAQ:GTLB) has filed to raise $598 million in an IPO of its Class A common stock, according to an S-1/A registration statement.

The firm provides a SaaS platform for bringing together software

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Comments (5)

Offer price of 55-60 raised to 66-69.
Cambridge STR profile picture
This is not only a buy... this is a meme stock buy ready for reddit's wallstreetbets forum to light it on fire a few days after the IPO when the options become available.

This IPO will be my largest IPO share purchase so far in 2021.
hodedofome profile picture
@williamwilliam Agree, this will be a hot one.
It’s a jfrog
@heung bingo. 0.5x sales/revenue is horrible. Coupled with -50% ebitda and they are on a train to nowheresville.
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