logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

IPO Report: Veeva Systems (VEEV)

By  +Follow October 14, 2013 6:37PM
Share:
Tickers Mentioned:

Veeva Systems (VEEV)is a leading global provider of industry-specific, cloud-based software solutions for the life sciences industry.

Five IPOs are scheduled for this week. The full IPO calendar can be found at IPOpremium.

VEEV is based in Pleasanton, CA,  and scheduled a $223 million IPO with a market capitalization of $2 billion at a price range mid-point of $17, for Wednesday, October 16, 2013.

The S-1 was filed October 11, 2013.  Manager, Joint Managers:  Morgan Stanley; Deutsche Bank Securities.  Co-Managers:  Pacific Crest Securities; Stifel; BMO Capital; Canaccord Genuity

Summary

Veeva is a leading global provider of industry-specific, cloud-based software solutions for the life sciences industry.

VEEV is a profitable cloud company with 67% of revenue from subscriptions,  with a 70% increase in top line revenue increase for the six months ended July 31, ’13 vs July 31, ’12, to $92 million from $54 million.

Valuation

October 11, 2013 VEEV raised the price range mid-point to $17 from $13.

Valuation Ratios

IPO Mrkt

Price /

Price /

Price /

Price /

% offered

annualizing July 6 mos

Cap (mm)

Sls

Erngs

BkVlue

TanBV

in IPO

Veeva Systems (VEEV) @ $17

$2,079

11.3

94.5

10.5

11.2

11%

 

 

 

 

 

 

 

Veeva Systems (VEEV) @ $13

$1,590

8.6

72.3

9.8

10.7

11%

Glossary

Conclusion

Buy VEEV on the IPO based on subscription-based profitability in the cloud sector and top line revenue growth of 70% for the six months ended July 30 ’13 vs July 30 ’12.

Business

Veeva is a leading global provider of industry-specific, cloud-based software solutions for the life sciences industry.

VEEV’s solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.

VEEV’s customer relationship management solutions enable customers to increase the productivity and compliance of their sales and marketing functions.

Products

VEEV’s regulated content management and collaboration solutions enable customers to more efficiently manage a range of highly regulated, content-centric processes across the enterprise.

The customer master solution, including VEEV’s proprietary database of healthcare provider and healthcare organization data, enables customers to more effectively create and maintain accurate customer data.

Competition

VEEV competes offerings from large global enterprise software vendors, such as Oracle Corporation, and also compete with life sciences-specific customer relationship management providers, such as Cegedim SA.  A number of vendors of cloud-based and on-premise customer relationship management applications that address only a portion of VEEV’s customer relationship management solutions.

 VEEV’s regulated content management and collaboration solutions compete with offerings from large global content management platform vendors such as EMC Corporation, Microsoft Corporation and OpenText Corporation.

VEEV alsos competes with professional services companies that provide solutions on these platforms, such as Computer Sciences Corporation, and with other life sciences specific providers.

In the future, providers of horizontal cloud-based storage products may seek to compete with VEEV’s  regulated content management and collaboration solutions.

VEEV also expects continued consolidation among cloud-based technology companies that could lead to significantly increased competition.

5% stockholders pre-IPO

Emergence Capital Partners II, L.P., 31%
Craig Ramsey, 5.8%
Maja Ramsey, 5.8%

Use of proceeds

VEEV expects to net $151 million from its IPO from selling 9.7 million shares.  Shareholders intend to sell 3.3 million shares.

Proceeds are allocated for working capital and general corporate purposes.

 

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for veev
wininstocks2014
24 Oct 14 08:18:49
VEEV 27.50 Stock Charts $VEEV Veeva Systems Inc. Cl A (NYSE) Last Updated: 10/24/2014 10:18:51 VEEV Stock Char http://t.co/RXecE9AoxX
Lucretia
24 Oct 14 05:02:34
$VEEV Veeva Systems major shareholder Young A. Sohn Sells 55000 Shares (VEEV) http://t.co/hnsKNFbhyO
Clair Voight
23 Oct 14 07:01:44
$VEEV Analyst Update: AK Steel Holding Corporation, Ford Motor Company, and Veeva ... http://t.co/1CKaUQDfE2
gordon gekko is god
22 Oct 14 19:57:11
Enterprise software stocks hit by VMware's numbers http://t.co/AcQzyU39bs $VMW, $ORCL, $RHT, $CTXS, $SPLK, $DATA, $QLIK, $MSTR, $N, $VEEV
Igor Tsukerman
22 Oct 14 15:18:02
Veeva Vault Selected by inVentiv Health Clinical to Empower Sponsors with #Cloud eTMF Clinical Trial Platform $VEEV http://t.co/qRpSn9pVle
Stewart McGehee
21 Oct 14 14:07:33
$SPY $QQQ So that bottom we liked for last Fri. is working!!! Some buys $LNG $VEEV $MS $TNA $AMBA $SWIR for us!
John Ablemann
21 Oct 14 11:31:00
$VEEV Veeva Systems Director Mark Armenante Unloads 60000 Shares (VEEV) http://t.co/UpH67JifAw
Stewart McGehee
21 Oct 14 11:25:46
$SPY $QQQ So that bottom we liked for last Fri. is working!!! Some buys $LNG $VEEV $MS $TNA $AMBA $SWIR for us.
Stewart McGehee
21 Oct 14 09:43:28
$SPY $QQQ So that bottom we liked for last Fri. is working!!! Some buys $LNG $VEEV $MS $TNA $AMBA $SWIR for us
Sean McLaughlin
20 Oct 14 18:27:45
I fat-fingered an adjustment today in my $VEEV position: http://t.co/fnvtldez9k #Journal
Analyst Ratings
20 Oct 14 14:55:46
Want automatic email alerts for $VEEV $PAGP $AERI $ZOES $SRLP? Subscribe to ARN Daily http://t.co/f5PyW4bUH9
Turner James
20 Oct 14 12:53:28
@WeRTradingStock Love $VEEV right here. Look for it to go to $33-35 pretty quickly!
Lee Renrut
20 Oct 14 10:04:11
like the $VEEV look
Lee Renrut
20 Oct 14 09:21:11
$VEEV strength
Catalyst Global Mkts
20 Oct 14 07:03:01
....additional #stocks : $XONE , $RLGY , $VEEV , $AMD , $INTC , ......
Jack Trader
20 Oct 14 07:00:52
$VEEV Strange Call Buys in Veeva Systems (VEEV), Amkor Technologies (AMKR ... http://t.co/g3WkzrL3qt
Binary System
20 Oct 14 06:41:11
RT @tymorapro: $VEEV: Exc 1WkHIGH=28.00, hits:1, Rng:13%, ch:-0.1%, allTFs+, MedFlt[30.3M], HiPctSht[34%:7d], DyVol:8T:0x:0x, DyRng:0.3%:0.…
Alexander Morris
20 Oct 14 06:34:19
$VEEV: Exc 1WkHIGH=28.00, hits:1, Rng:13%, ch:-0.1%, allTFs+, MedFlt[30.3M], HiPctSht[34%:7d], DyVol:8T:0x:0x, DyRng:0.3%:0.1x:0.1x
Irma Doucet
20 Oct 14 06:02:01
$VEEV Strange Call Buys in Veeva Systems (VEEV), Amkor Technologies (AMKR ... http://t.co/Ke4KUaUpxB
12Stocks.com
20 Oct 14 03:03:15
Weekly MidCap #Stocks Performance $CLF $NMBL $SHLD $I $SD $NSM $FEYE $SSYS $XLNX $DPZ $VEEV $TXT $OCN more@ http://t.co/tf79gD96D3
Lior Ronen
19 Oct 14 07:33:48
Introducing Finro Q314 Big Data Market Earnings Calendar http://t.co/XPy2rrOEsq $QLIK $INFA $MSTR $DATA $TDC $VRNS $CRM $SPLK $VEEV #bigdata
FonsieTrader
18 Oct 14 06:07:25
Bullish MACD Crossovers 4/4 $OCN $OI $OMC $PACD $PBI $PHM $PKD $POL $RGC $RTK $SPF $TDC $TEN $TOL $TXT $UNH $VEEV http://t.co/z4BGKpwK2D
12Stocks.com
18 Oct 14 03:16:31
Weekly MidCap #Stocks Performance $CLF $NMBL $SHLD $I $SD $NSM $FEYE $SSYS $XLNX $DPZ $VEEV $TXT $OCN more@ http://t.co/tf79gD96D3
Stewart McGehee
17 Oct 14 15:15:03
@McGeheeCapital and $VEEV
john smith
17 Oct 14 13:37:34
$VEEV - Statement of Changes in Beneficial Ownership (4) http://t.co/ofn1tXN5wd
NASDAQ
17 Oct 14 13:37:29
$VEEV - Statement of Changes in Beneficial Ownership (4) http://t.co/DupOIeoCVl
NASDAQ
17 Oct 14 13:37:08
$VEEV - Statement of Changes in Beneficial Ownership (4) http://t.co/dPLmIshUX9
Alexander Morris
17 Oct 14 11:46:22
$VEEV: At 1WkHIGH=28.00, hits:9, Rng:13%, ch:+0.6%, PrvCHi+, tf:0111101, MedFlt[30.3M], HiPctSht[36%:10d], DyVol:1.26M:1.3x:1.1x
Alexander Morris
17 Oct 14 09:52:41
$VEEV: Exc 1WkHIGH=28.00, hits:5, Rng:13%, ch:+1.4%, 0oNewHi:BrkPLo+PHi[+201.5%], PrvCHi+, tf:0110001, MedFlt[30.3M], HiPctSht[36%:10d]
Alexander Morris
17 Oct 14 08:25:26
$VEEV: Exc 1WkHIGH=28.00, hits:4, Rng:13%, ch:+0.7%, PrvCHi+, 11:1Accel+, tf:0111011, MedFlt[30.3M], HiPctSht[36%:10d], DyVol:386T:0.4x:0.3x
Alexander Morris
17 Oct 14 07:01:10
$VEEV: Exc 1WkHIGH=28.00, hits:2, Rng:13%, ch:+0.7%, PrvCHi+, tf:0111001, MedFlt[30.3M], HiPctSht[36%:10d], DyVol:92T:0.1x:0.1x
Peter Bardens
17 Oct 14 06:02:00
$VEEV Strange Call Buys in Veeva Systems (VEEV), Amkor Technologies (AMKR ... http://t.co/Ucheq5Dilq
12Stocks.com
17 Oct 14 03:03:07
Weekly MidCap #Stocks Performance $CLF $SD $UPL $SHLD $THRX $BTU $AR $DPZ $DO $VEEV $NMBL $RRC $CHK $INCY more@ http://t.co/tf79gD96D3
Al Finlaw
16 Oct 14 21:14:16
RT @CashRocket: $VEEV back above all MA's and #VSBD1 http://t.co/dVIpBusH43
Sean McLaughlin
16 Oct 14 21:06:24
Made a defensive adjustment to my $VEEV position today as it moves higher. http://t.co/c0akmqvx9V #Journal
CashRocket
16 Oct 14 17:51:17
$VEEV back above all MA's and #VSBD1 http://t.co/dVIpBusH43
john smith
16 Oct 14 16:46:12
$VEEV - Statement of Changes in Beneficial Ownership (4) http://t.co/AEZ5FkagGX
john smith
16 Oct 14 16:46:10
$VEEV - Statement of Changes in Beneficial Ownership (4) http://t.co/6NnN9M4jur
NASDAQ
16 Oct 14 16:46:09
$VEEV - Statement of Changes in Beneficial Ownership (4) http://t.co/S6ZAjPwBCU
NASDAQ
16 Oct 14 16:46:07
$VEEV - Statement of Changes in Beneficial Ownership (4) http://t.co/dgxX51CEdB
InsiderTradingWire
16 Oct 14 16:45:18
Mark Armenante, of Veeva Systems Inc Sells $1,535,598 Worth of $VEEV - #Form4 #InsiderTrading - http://t.co/K5be0P89Bo
InsiderTradingWire
16 Oct 14 16:45:11
Young Sohn A, of Veeva Systems Inc Sells $1,411,384 Worth of $VEEV - #Form4 #InsiderTrading - http://t.co/vB7ouVNdVM
John Turner
16 Oct 14 14:02:43
$VEEV Christopher Lord's Criterion Capital Raises Exposure To Veeva Systems Inc ... http://t.co/zqVxTBhQOW
Scott Smith
16 Oct 14 13:52:53
Setups I liked today that we'll be watching tomorrow $XONE $ACHN $AMBA $DANG $HIMX $WEAT $VEEV More setups I like. http://t.co/vWRwVP0NOX
Ariel Silahian
16 Oct 14 12:53:28
Algorithmic trading CLOSING Oct/16 $LAMR(-7.0 %) $PRTA(-14.8 %) $ACHN(-10.5 %) $ACHN(-13.8 %) $DRH(-1.9 %) $LRCX(-8.9 %) $VEEV(-4.0 %)
11 Charts Report
16 Oct 14 12:26:55
$VEEV interestin here. http://t.co/IkQjZ8GqNd
Rob
16 Oct 14 07:51:16
Given Salesforce's plan to expand vertical focus, easy way into life sciences would be to buy Veeva $CRM $VEEV
				
				
By  +Follow October 14, 2013 6:37PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.