Source: Sprout Social
Thesis
Sprout Social (SPT) launched its Initial Public Offering ((IPO)) in December last year. The company priced its IPO at $17 but ended the day 2% lower. Things have changed, and the company's stock is up by more than 27% year-to-date. In this report, I will explain why Sprout Social does not deserve its current $ 1 billion valuation. I will mostly talk about its product, market size, and competition.
Introduction
Sprout Social is a relatively simple company to understand. The company offers a software-as-a-service to companies from