Sage 100

Today AVALARA goes public on NYSE as AVLR opening at $24 - opening bell!

Anyone jumping in? I'm considering.

Founded in 2004, Avalara makes software to help companies better adhere to complex tax regulations. It postedrevenue of $213 million last year, up from $167 million the year prior. Avalara is losing money, posting a net loss of $64.1 million last year, and has an accumulated deficit of $427 million. Last year, the company processed more than 16million tax determinations each day. It competes against companies such as CCH Inc., Sovos, Vertex and Onesource Indirect Tax, which is a unit of Thomson Reuters. https://www.geekwire.com/2018/sales-tax-automation-company-avalara-raises-180m-ipo-prices-shares-24-expected-range/

I was - looks like going to open around 32 and 34 now - but I cannot believe and how they are losing so much money

I think I'm a buyer of $AAPL or $MSFT today on the dip before $AVLR.

https://www.marketwatch.com/story/avalaras-ipo-looks-hot-but-its-overpriced-2018-06-15

Up to $37 already. I tried getting in at $25 but missed.

https://www.cnbc.com/video/2018/06/15/opening-bell-june-15-2018.html

probably settle back down to $30

Remember a company called Amazon and how much money they flushed down the toilet????

Isn't the Avalara bet dependent on what SCOTUS decides about sales tax later this month?