Coupa Software Inc. is a United States-based cloud-based spend management company. The Company enables businesses everywhere to recognize bottom-line financial success through Value as a Service. It provides an organic suite of cloud spend management applications, including invoicing, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that can start within a few months. It offers various software's, including Contract Lifecycle Management, Budgeting, Analytics, Open Business Network, Supplier Information Management, Storefront and Coupa Advantage. Its services include professional services, education, adoption and success, support and Coupa one vision. It offers spend management solutions for business needs, enterprise resource planning and business sizes. It also offers spend management solutions for various roles and industries, such as finance, information technology, oil and gas, retail, food and beverage and healthcare.
"The Company enables businesses everywhere to recognize bottom-line financial success through Value as a Service" Whaa? Did somebody string a bunch of words together or does that mean something? lol
But somebody wrote that! Somebody sat down, probably had a meeting and felt that was the best way to describe what they do!
Pretty big trading range today. Closing near the bottom of the range, not good for those who chased the top, but the underwriters still made a killing.
Coupa shares near $40 in Nasdaq debut despite no anticipated profitability Coupa, software that manages spending for businesses, held its initial public offering this morning, opening at $35 per share. During the course of the morning, shares rose as high as $39.50 per share. The company was expected to debut at $18 per share. In its S-1 filing, Coupa noted that it has recurring loses and does not anticipate being profitable in the near future. That did not deter investors, who may be eager to get in on tech IPOs in general. "Right now, public investors are very thirsty for a return," managing partner at GGV Capital Glenn Solomon said in an interview with Business Insider. "If they think they can get it on IPOs you'll see demand surge for IPOs." RR https://news.fastcompany.com/coupa-...-despite-no-anticipated-profitability-4021344
Reporting next week. So far in ~2 years as a public company, revenues have increased ~10% q/q. Right now estimates for this quarter are for flat/negative revenues. If history holds, an easy beat is coming up.
