Shoals Technologies Group (SHLS): 5-year performance

Shoals Technologies Group, Inc. is a design-engineering company and manufacturer of advanced electrical infrastructure solutions for mission-critical applications across solar photovoltaic (PV), BESS, and data center power systems. Its products include Solar Big Lead Assembly Solutions, Homeruns, Interconnection & Extension Solutions, Combiners and Re-Combiners, Load Break Disconnects and Transition Solutions, Solar OEM Components, Cable Management Solutions, Battery Energy Storage Solutions and Data Center Solutions. 

• Sector: Technology
• Industry: Solar
• Full Time Employees: 1,480
• Founded by Dean Solon in November 1996 
• Headquartered in Portland, Tennessee
• https://www.shoals.com
• IPO: Jan 27, 2021
• Ticker: SHLS

 

 

 

IPO Details

Offering Size: 88.5 million shares of Class A common stock (including shares from parent entity Oaktree Capital).
IPO Price: $25.00 per share.
First-Day Pop: Shares opened at $31.30, climbed as much as 40%, and closed at $30.98 on their first day of trading

==Nu Holdings Ltd. (NU) : 5-year performance

 

Nubank (also known outside Brazil as Nu) is Latin America's largest digital bank and fintech company, serving over 135 million customers across Brazil, Mexico, and Colombia. Headquartered in São Paulo, Brazil, it operates entirely through a mobile app, offering no-fee credit cards, digital accounts, personal loans, and investments. 

• https://international.nubank.com.br/about/
• Ticker: NU

Core Offerings and Features

Nubank was designed to disrupt traditional Latin American banking by eliminating account maintenance fees, cutting out physical branches, and using data-driven artificial intelligence to provide rapid approvals and strong customer support. 

• Digital Accounts: Features high-yield daily liquidity and digital transfer options like Pix in Brazil.
Credit Cards: Initially launched as a no-annual-fee credit card, it acts as a primary entry point for millions of unbanked and underbanked individuals.
Other Services: Personal loans, life insurance, SME business accounts, and investment products.

Growth and Expansion

Founded in 2013 by David Vélez, Cristina Junqueira, and Edward Wible, Nubank has become one of the fastest-growing and most valuable financial institutions in emerging markets. 

Payoneer Global (PAYO) : 5-year performance

• Sector: Technology
• Industry: Software - Infrastructure
• Full Time Employees: 2,540
• Founded in 2005 
• Headquartered in New York, New York
• https://www.payoneer.com

Payoneer Global Inc. (NASDAQ: PAYO) went public in 2021 via a SPAC merger rather than a traditional IPO.

• The company announced its merger agreement with FTAC Olympus Acquisition Corp. (a special purpose acquisition company, or SPAC) in early February 2021, valuing Payoneer at approximately $3.3 billion.
• The deal closed, and Payoneer began trading on the Nasdaq under the ticker PAYO on June 28, 2021.
• On its debut trading day, shares closed slightly lower (about 1.5% down), resulting in a market cap of just over $3.5 billion.

Payoneer is a fintech company specializing in cross-border payments, enabling small and medium-sized businesses (SMBs) to send/receive payments globally, handle payouts, and manage multi-currency accounts.

Recent performance and outlook (from Q4/full-year 2025 results reported in February 2026):

• 2025 revenue reached about $1.05 billion, with 14% growth in core revenue (excluding interest income) and strong B2B growth (~28%).
• The company reported profitability improvements.
• 2026 guidance includes revenue of $1.09–$1.13 billion (around 12% midpoint growth in core metrics), with a focus on high-margin upmarket shifts (serving larger SMBs/SMEs), product expansions (e.g., B2B/AP solutions), and initiatives like stablecoin integration and pursuing a U.S. banking charter/trust for stablecoin services.
• Analysts' 1-year price targets averaged around $7.71 (suggesting potential upside from current levels), though short-term headwinds (e.g., lower interest income) have pressured the stock.

Viant Technology (DSP) reported earnings on Wed 11 March 26 (a/h)

Viant was launched by brothers Tim, Chris and Russ Vanderhook in 1999. The company acquired social networking company Myspace in 2011. Later that year it helped start connected TV platform Xumo, which was acquired by Comcast in 2020.

• Sector: Technology
• Industry: Software - Application
• https://www.viantinc.com
• Founded in 1999
• Headquartered in Irvine, CA

IPO Feb 10, 21; ticker DSP

Chris and Tim Vanderhook, COO and CEO of Viant

Viant posts record Q4 2025 with EPS $0.31 (+210% YoY) and revenue $64.6M (+19% YoY), beating guidance and estimates, launches AI Outcomes product

• Q4 revenue and contribution ex-TAC beat guidance, with ex-political growth accelerating sharply.
• Full-year 2025 revenue and adjusted EBITDA exceeded guidance with high-teens growth and nearly 250 bps EBITDA margin expansion.
• Upbeat Q1 2026 guide implies ~20% revenue growth but slower Q4-like momentum seasonally.
• Management expects sequential growth acceleration through 2026 from new clients, Outcomes, and political.

The company, which has about 300 employees, competes with players like The Trade Desk and with part of Google’s ad tech business. The software is used by marketers and their ad agencies to centralize buying, planning and measurement of advertising across channels like desktop, mobile, connected TV, streaming audio and digital billboards.

VersaBank (VBNK) : 4-year performance

VersaBank is a Canadian chartered bank headquartered in London, Ontario. Formerly known as the Pacific & Western Bank of Canada, it was founded as a trust company in Saskatoon, Saskatchewan, in 1980 and later moved its head offices to London, Ontario.

• Founded 1980
• Headquarters London, Ontario, Canada
• Website versabank.com
• Employees 13

IPO: September 22, 2021

It priced its initial public offering (IPO) of 5.5 million common shares at US$10.00 per share (approximately CAD$12.80).

 

 

VersaBank has also said it plans to launch a digital currency known as VCAD. It will be represented one-to-one with the Canadian dollar and be the first digital currency to represent a fiat currency, and the first to be issued and backed by deposits of a North American bank.

VersaBank will work with several organizations to launch VCAD, including Stablecorp, Canada crypto manager 3iQ, and Mavennet, a Canadian leader in blockchain development.

Climb Bio (CLYM) : 4-year performance

Sector: Healthcare
Industry: Biotechnology
Full Time Employees: 28
Incorporated in 2018 
Headquartered in Wellesley Hills, Massachusetts
https://climbbio.com

RA Capital exchange agreement ignited multi-day rally extending into 27% gain today.

• The stock's sharp rise stems from a December 11, 2025, exchange agreement with RA Capital Management, where the investor swapped 20.44 million common shares for pre-funded warrants exercisable at a nominal price, signaling strong backing without immediate dilution. This filing, reported via SEC Form 8-K, triggered a 30.43% jump on December 12, with momentum building over subsequent days amid high volume exceeding 8 million shares. Today's movement amplifies this, as traders react to the deal's implications for sustained funding through 2027 and upcoming 2026 clinical readouts for budoprutug and CLYM116 in immune diseases, per recent analyst coverage. No new filings emerged today, but the prior event's positive sentiment persists.

Confluent (CFLT) : 4-year performance

Confluent, Inc. engages in creating a data infrastructure platform focused on data in motion. The firm provides application architecture engagement, multi data center, security and upgrade engagement, and Amazon web services cloud deployment services. Its products include Confluent Cloud, Confluent Platform, WarpStream BYOC, Connectors, Flink, Stream Governance, and Confluent Hub. 

The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. 

• Founded by Edward Jay Kreps, Neha Narkhede, and Jun Rao in 2014
• Headquartered in Mountain View, California
• Sector: Technology
• Industry: Software - Infrastructure
• Full Time Employees: 3,060
• Website:  confluent.io
• Ticker: CFLT

 

AirSculpt Technologies (AIRS) reported earnings on Fri 2 May 25 (b/o)

AirSculpt Technologies provides custom body contouring using proprietary AirSculpt method that removes unwanted fat in a minimally invasive procedure.

• Sector: Healthcare
• Industry: Medical Care Facilities
• Full Time Employees: 389
• Founded by Aaron J. Rollins in 2012  
• Headquartered in Miami Beach, Florida
• https://airsculpt.com

Ticker: AIRS

** charts after earnings **

 

 

First Quarter 2025 Results

• Case volume was 3,076 for the first quarter of 2025, representing a 17.9% decline from the fiscal year 2024 first quarter case volume of 3,746;
• Revenue declined 17.3% to $39.4 million from $47.6 million in the fiscal year 2024 first quarter;
• Net loss for the quarter was $2.8 million compared to net income of $6.0 million in the fiscal year 2024 first quarter; and Adjusted EBITDA was $3.8 million compared to $7.3 million for the fiscal year 2024 first quarter.

2025 Outlook

The Company projects full year 2025 revenue and adjusted EBITDA guidance as follows:

• Revenues of approximately $160 to $170 million
• Adjusted EBITDA of approximately $16 to $18 million

European Wax Center (EWCZ) : 4-year performance

May 2026: an all-cash (approx. $330 million) acquisition by the private equity firm General Atlantic.  The stock ceased trading and was officially delisted from the Nasdaq Stock Market on May 8, 2026.

European Wax Center, Inc. operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments, as well as skincare retail products. 

Q1 2025: 1,067 centers in 45 states.

• Sector: Consumer Defensive
• Industry: Household & Personal Products
• Full Time Employees: 124
• Founded in 2004 
• Headquartered in Plano, Texas
• https://waxcenter.com

IPO: August 5, 2021

Ticker: EWCZ

 

Regencell Bioscience (RGC) : 4-year performance

Regencell Bioscience Holdings Ltd. engages in the research, development, and commercialization of traditional Chinese medicine. It seeks the treatment of neurocognitive disorders and degeneration, specifically attention deficit hyperactivity disorder and autism spectrum disorder. 

• Sector: Healthcare
• Industry: Drug Manufacturers - Specialty & Generic
• Full Time Employees: 12
• Incorporated in 2014 
• Headquartered in Causeway Bay, Hong Kong
• https://www.regencellbioscience.com

IPO: July 16, 2021

 

 

indie Semiconductor (INDI) : 3-year performance

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, driver automation, in-cabin, connected car, and electrification applications. 

Sector: Technology

• Industry: Semiconductor Equipment & Materials
• Full Time Employees: 920
• Founded in 2007 
• Headquartered in Aliso Viejo, California
• https://www.indie.inc

IPO: June 10, 2021, via business combination with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR)