Back in March I wrote this piece on Planet Payment (PLPM) after the company’s S1 filing got my attention. Whenever an illiquid micro cap tech stock files a registration statement with J.P. Morgan (JPM), William Blair & Company, Jefferies (JEF), Needham & Company, Oppenheimer & Co, and Canaccord Genuity on the cover, it grabs my attention. What are blue-chip banking powerhouses doing with this little micro cap company that most investors don’t even know exists? MicroCapClub member Prescience Investment Group followed suit this weekend by publicizing this research report below on Planet Payment.
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It will be interesting to see if they actually do raise capital (re-IPO) versus just uplisting to the Nasdaq.