Summary
- Tenable Holdings and Opera Limited are experiencing oversubscribed demand for their IPO shares.
- The new issues will likely see strong upward price action when open market trading begins.
- Traders may see short-term opportunities to take advantage of the volatility; longer-term investors could have lower entry points in the week after each IPO.
- This idea was discussed in more depth with members of my private investing community, IPO Edge.
Quick Take
Two IPOs are indicating extremely high demand according to IPO information service IPO Boutique, Tenable Holdings (TENB) and Opera Limited (OPRA).
Tenable operates in the white-hot cyber security space and is growing revenues at an accelerating rate with its pay-in-advance SaaS offering.
Opera has posted impressive financial results while growing quickly to serve the browser needs of users worldwide.
Investors should tread carefully in the post-IPO hours and days as these stocks will likely rise sharply but present traders with potentially interesting opportunities.
