WalkMe Ltd – software company that helps website owners and software developers create interactive onscreen instructions for users to complete complex tasks, has filed to raise $282M in a US IPO.
- Detailed instructions how to participate in WalkMe (pre-IPO, offering price) see below👇
What is an IPO and how it works
IPO is a process of offering shares of a private corporation to the public in a new stock issuance. Why go public? The primary benefit of going public is easier access to capital.
To go public, a company must have a track record of growth and other favorable results and hire an investment bank (Morgan Stanley, Goldman Sachs, Citigroup in WalkMe case) to come in and underwrite the IPO. The underwriters also performed due diligence and verified financial information and business model.
Once the paperwork done, the company sells the stock to institutional investors. When the initial block of shares has been sold, the company with underwriters' help sets an initial price and date for the stock to begin trading on a stock exchange.
General Informaton from the WalkMe IPO Prospectus
WalkMe is the defining solution enabling organizations to better realize the value of their software investments. Using our cloud-based Digital Adoption Platform, users—employees and customers of organizations—can navigate websites, SaaS applications, and mobile apps through a digital, GPS-like experience to accomplish any task from simple, online transactions, to complex cross-application software processes, to fully autonomous experiences that require no manual clicks or entries.
Our Digital Adoption Platform overlays upon any application with a simple no-code implementation. Once overlaid, our platform provides immediate insights that enable a data-first approach to understand the gaps between user interactions and behavior with technology and an organization’s business goals. With actionable insights, we then enable organizations to create and deliver elegant experiences that enable users to access the full functionality and value of the software, ensuring digital adoption, and ultimately fulfilling the promise of digital transformation.
With a digital adoption strategy powered by WalkMe, employees and customers of organizations can benefit from intuitive and unified technology experiences. Chief information officers (“CIO”) and business leaders gain visibility and insights across the organization’s enterprise technology stack. This allows organizations to become more results driven, agile and innovative, to better compete in today’s ever-changing business environment and to ultimately achieve their objectives.
Company Profile and Financial Indicators before WalkMe IPO
WalkMe's Digital Adoption Platform enables automated context based tips in real time, when a user is working with the platform's UI. WalkMe detects weak points and bottlenecks when switching to digital and automation technologies and speeds up the employee training process.
Founded in 2011 in Israel, WalkMe now has 940 employees. Its earnings over the last 12 months amounted to $148.30M, with the net profit of $45M.
Some of WalkMe's customers achieved the following results through the platform:
- LinkedIn: -43% in offline training
- Hitachi: +88% in online sales implementation
- IBM: +80% earnings
The amount raised with the IPO is expected at $289M, the price will be from $29 to $32 per share. Insight, an investment company, might become the largest investor, CNBC reports.
Verified Market Research says the digital tech market, which WalkMe is a member of, is growing by 15.50% annually and should reach $162M by 2027. The figures may even get bigger due to the pandemic.
- Market Cap $2520.83mil
- Revenues $148.3 mil (last 12 months)
- Net Income $45.0 mil (last 12 months)
- Shares (millions): 9.3
- Est. $ Volume $289.8 mil
- Employees 940
- Founded 2011
How to Buy WalkMe Stocks Before the IPO (Offering Price)
In the past, IPOs as highly profitable investments were available only to the privileged customers of the leading brokerage firms and it was challenging for retail investors to gain access. You couldn't buy shares paying the price set by the company and you had to wait until the shares actually start trading on the public stock market at whatever stock price supply and demand allows.
Technologies and marketplaces changed the rules of the game, now regular investors can get pre-IPO shares. To participate in WalkMe IPO you need to use an IPO investing app like Freedom Finance (NASDAQ: FRHC), TD Ameritrade or Fidelity. They give its customers access to IPOs and secondary offerings through their existing brokerage account. Also you can buy WalkMe shares when the company goes public via a commission-free trading app like eToro.
🚨 Detailed Instructions How to Participate in the WalkMe IPO before public trading:
Below we share the instruction how to participate in the approaching WalkMe IPO using Freedom Finance (Freedom24 platform). This marketplace is chosen as an example because WalkMe is already listed there.
* Freedom Finance services are NOT available to US citizens and residents.
- Apply for a Freedom Finance account — you need to prepare your identity document and a document confirming the address of residence (utility bill). The verification process is very fast, it will take 2 minutes to create your account.
- Deposit your account — to participate in an IPO, your account must have available funds in the amount you send IPO application for.
- 💡 Tip: It's recommended to deposit your account in advance. Often the exact IPO date is undefined until the last day. You may have a short notice for participation and account deposits also takes time for processing. Also, sometimes Freedom sends last-minute IPO offer when you have 2 hours to participate.
- Submit a request to participate in the IPO — when applications are open select WalkMe and click Participate in the IPO > input the amount you want to invest > Send your application. Note: Before the book closing, a request can be withdrawn. At the time of the book closing, 1 day before the start of the exchange trading, the specified amount will be blocked on the account.
- Wait for allocation — The actual number of stocks purchased during an IPO depends on supply and demand. The higher underwriter reserves the right to partial execution of collective applications. So if the demand is high you may get less than you applied for. Of course, you will only pay for the shares purchased. The rest of the funds will be returned to your account.
- Start of trading — With the beginning of the public trading on the stock exchange, the purchased shares will appear on the account and a lock-up period will start — a 93-day period of prohibition on sale. You can’t sell stocks, but you can track their current value and growth indicators in your personal member area and a trading terminal.
- Closing your trade — At the end of the 93 days lock-up period, you will be able to manage your stocks at your discretion — leave in the portfolio or sell and withdraw money or transfer the stocks to another depository/ broker in your name. This can be done in your account by clicking the ‘Sell’ button next to the name of the security. In this case, a commission of 0.5% of the amount of the sale transaction is charged.
Is investing in IPOs profitable?
Not always. The average return at the end of the lock-up period is 72%, past IPOs data.
You can also check on stock advisor services like Motley Fool, Zacks, Morningstar etc, if their analysts have written a review about the upcoming IPO you're interested in.
When is the WalkMe IPO date?
June 15, 2021
What is WalkMe IPO price range?
$29 - $32 per share.
How to Invest in WalkMe after the IPO date (opening price)?
In what currency WalkMe IPO and post-IPO shares will be traded?
The WalkMe IPO and stock trading currency will be USD.
If you have funds in another currency the cheapest way to convert your currency is to use the mid-market rate (that’s the one you’ll find on Google) which can be done via a fintech service like Wise. Banks may add hidden markups to their exchange rates - charging you more without your knowledge. And if they have a fee, they charge you twice. Wise never hides fees in the exchange rate.
What is the WalkMe (stock symbol)
The stock ticker for WalkMe will be WKME
WalkMe Registration Statement on Form S-1
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