GitLab raises $801 million in IPO

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Gitlab Inc Intrinsic Value – GITLAB ($NASDAQ:GTLB): GitLab Inc. is a SaaS DevOps software platform company that went public in October 2021, raising $801 million in gross proceeds from an IPO priced at $77.00 per share. GitLab provides a web-based interface for software developers to collaborate on code development and deployments. The company’s software helps developers to track code changes, test code, and deploy code to production environments. GitLab’s customers include major enterprises such as Google, Facebook, and Microsoft.

Share Price

GitLab Inc. raised $801 million in their initial public offering on Thursday. The news of the IPO has been met with mixed sentiment so far. Some investors are excited about the company’s potential, while others are concerned about its valuation. GitLab Inc.’s stock opened at $48.5 on Thursday and closed at $49.8, up by 4.3% from its last closing price of $47.7.

VI Analysis – Gitlab Inc Intrinsic Value Calculator

The company’s fundamentals reflect its long-term potential. The fair value of GitLab stock is around $75.3, calculated by VI Line. Now GitLab stock is traded at $49.8, undervalued by 34%.

VI Peers

Its competitors are ATTRAQT Group PLC, UserTesting Inc, and Tymlez Group Ltd.

– ATTRAQT Group PLC ($LSE:ATQT)

FATRAQT Group PLC is a publicly traded company with a market capitalization of 60.47 million as of 2022. The company has a return on equity of -7.65%. The company is involved in the development and marketing of software products and services.

– UserTesting Inc ($NYSE:USER)

UserTesting Inc is a publicly traded company with a market capitalization of 1.07 billion as of 2022. The company has a return on equity of -27.62%. UserTesting Inc is a provider of on-demand human insights, enabling companies to measure and improve the digital user experience. The company was founded in 2007 and is headquartered in San Francisco, California.

– Tymlez Group Ltd ($ASX:TYM)

Tymlez Group Ltd is a technology company that provides enterprise software solutions. The company has a market cap of 19.79M and a Return on Equity of -82.23%. The company’s products and services include enterprise application integration, business process management, and cloud computing. Tymlez Group Ltd was founded in 2000 and is headquartered in Amsterdam, the Netherlands.

Summary

If you’re considering investing in GITLAB INC, it’s important to understand the company and its potential before making any decisions. The company’s products are used by some of the world’s largest organizations, including Google, Facebook, and Microsoft. After initially surging following the IPO, the stock price has fallen back down to earth.

However, GITLAB INC still has a lot of potential, and its products are used by some of the biggest names in the tech industry. If you’re considering investing in GITLAB INC, it’s important to do your research and understand the company’s long-term prospects before making any decisions.