Monday.com Tokens Now Available for Trading on Currency.com
US IPO season continues with a listing of management software company, Monday.com.
You can trade tokenised shares of Monday.com on the Currency.com platform.
The management software business has been a pandemic hit. It has several large backers, including venture capital company Sapphire Ventures. Judging by the documents filed for the Monday.com’s IPO, the company was looking for an estimated valuation of at least 6 billion.
Before the listing, video call service Zoom Video Communications and the investment arm of Salesforce agreed to buy shares in Monday.com for $75m. Monday.com’s IPO took place on the Nasdaq exchange on June 10.
Monday.com began in 2014. The company now has 127,974 clients in more than 200 industries. The future looks promising. A study by Internal Data Corporation (IDC) showed that about 65% of global GDP from 2020 to 2023 will be concentrated in the digital sphere. This means that companies' demand for investing in new technologies will only increase.
Monday.com has an entry into the digital technology market, whose total capitalization is approaching $56bn. According to Nasdaq forecasts, the market could reach a whopping $87.6bn by 2024.
However, as with any IPO, you should always remember that post-listing prices can be volatile and caution should be exercised when trading.