IPO’s to watch (ZCMD,NET)

Futures are up this morning. However, at the same time the VIX is elevated as are the 30 year bonds and gold as well. This is an interesting divergence. We will have to wait and see how this plays out. There is one IPO hitting the market this week as well as a lock up ending. I’m not too interested in the IPO but planning to keep my eyes on the lock up.

IPO’s for today:

This Chinese IPO is a provider of digital health education and training to medical professionals and the public. This is a small IPO (15M$ dollar deal) with only 3.5 million shares hitting the market between $4.00 and $4.50. This company has been around since 2012 and shown moderate growth and profitability while carrying no debt. Their underwriters are not noteworthy and I expect this Chinese IPO to suffer the same fate as those recently have before it, coming to market will little interest from retail investors. Still important to keep an eye on it because of the short float.

Lockup ending: (NYSE:NET) – CloudFlare
This Lock up came out of nowhere and was just recently added to the schedule. This company beat their earnings estimate a few days ago but still operates at a loss. There are over 300 Million shares coming to market. I would have liked to get a cheap put on this one a day ago, but I may look to get in this morning depending on price action early.