Asana went public on September 30, 2020. Its IPO was listed on the NYSE via a direct listing . When is the Asana IPO date? The official IPO date was first announced to be on September 24, 2020 but their IPO date was moved to September 30.
The Asana IPO is taking the form of a direct listing. This means they’re not using an underwriter nor creating new shares; instead, existing shareholders will sell a certain portion of their ownership to the public based on secondary market valuation. Eventually, Asana will be listed on the New York Stock Exchange.
When will asana list on the NYSE?
Asana filed its S-1 last week and is expected to list directly on the NYSE in late September. The company ranks at No. 17 in this year’s Forbes Cloud 100, the annual ranking of the world’s top private cloud-computing companies, up from No. 41 a year ago.
Asana’s stock is owned by a number of institutional and retail investors.
This begs the question “Is Asana a buy or sell on New York Stock Exchange?”
Asana is a American stock, trading under the symbol ASAN-N on the New York Stock Exchange (ASAN). It is usually referred to as NYSE: ASAN or ASAN-N Is Asana a buy or a sell? In the last year, 12 stock analysts published opinions about ASAN-N. 7 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock.
What are the benefits of Asana’s direct public offering?
The benefit of the DPO is that shares can go to market faster, as the company is subject to fewer SEC requirements. It also means investors will get to pay market price for shares of Asana stock instead of the markup underwriters bake into normal IPOs.
Is Asana’s stock profitable?
Despite its incrementally increasing valuation, Asana had yet to report profitability as of the most recent fundraising round. The Asana IPO is news right now, but the process has been ongoing for months. Back in February of 2020, when the stock market hit its lowest since the Great Recession, the company began the SEC process in confidence.
A frequent question we ran across in our research was “Should I buy asana stock?”.
Asana was founded in 2008 by Facebook co-founder Dustin Moskovitz. Asana specializes in work collaboration software, which competes with Atlassian’s Jira. Investors should consider buying into the Asana stock IPO based on the company’s strong growth.
So, what are analysts’price targets for asana (Asan) stock?
12 equities research analysts have issued 12-month price targets for Asana’s stock. Their forecasts range from $35.00 to $109.00. On average, they anticipate Asana’s stock price to reach $81.33 in the next year. This suggests a possible upside of 52.9% from the stock’s current price.
Stockchase rating for Asana is calculated according to the stock experts’ signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock. What is Asana stock symbol?