Last night TLND announced a public offering of 3,916,474 ADR by selling shareholders. The company will not receive any proceeds.
Rob
Last night TLND announced a public offering of 3,916,474 ADR by selling shareholders. The company will not receive any proceeds.
Note that the selling shareholders are Venture Capital Funds who bankrolled them when they were starting out. It’s NOT any management people who are selling. That’s an important distinction. What venture capitalists do is fund start-ups and then sell out once they are established and take the money and fund some new ones. That’s their business model.
In other words, this sale is no dilution, and no loss of confidence by management, so it’s a short-term non-event.
Saul
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Could provide a bit better entry point for folks who can recognize that it doesn’t dilute the present shares, but simply shift to a higher percentage float.
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lol at CNBC blasting the “Gary Cohn resigns - Dow tanks!” message.
For my port, Talend is only one (so far) taking a big hit today. Not sure it is a deep enough dip for me to add more or not. It will probably bounce back most of the way by end of day the way these new cycles have been going.
C’mon…as I am typing this CNBC changed it from 300 points that Cohn affected the market to 150 points.
150 points on a 35000 number is insignificant in the long run. I don’t understand this insistence on talking number of points vs percentages when it comes to the Dow. It is clickbait and headline sensationalism at it’s worst. I am down .24% on a day the market is being “rocked” by the Cohn news…it is kind of silly.
-Dreamer
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In other words, this sale is no dilution, and no loss of confidence by management, so it’s a short-term non-event.
Saul:
The total stock dilution point may be true, but akin to stock lockup expirations, this 4 million shares placed on the market for a stock trading average volume of 300K shares daily…that could be a lot of selling pressure if they want out quick.
If they very gradually dump shares…maybe only minor stock price pressure…but its in their control.
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But it might give a chance to some to lower the cost basis.
Hi Duma,
I am not easily deciphering this: https://www.sec.gov/Archives/edgar/data/1668105/000104746917…
I understand your point about the share volumes. Trying to understand if they could have been selling some of these shares since the Oct date mentioned in the filing? (so maybe some of these shareholders have been unloaded already?)
Not clear to me if there are date ranges given when these shares could start being unloaded or if there is an end date too.
I do think it could spike lower for a time given the impact on volume…so not ready to pull trigger yet. If it bounces all the way back before I buy more, then that is just fine too.
thanks,
Dreamer