Before Apptio starts trading tomorrow, we’ve decided to take one more look at search interest in the company. In our last review we noted a positive upward trend in search interest with a clear spike in August in response to public notice of the company going public. Since the last review we’ve observed searches spike even further suggesting that this IPO is much anticipated. See trend below:
While we Acknowledge that searches in and of themselves are not perfect predictors of stock movements, we note that the continual increased search interest bodes well for the fortunes of this particular IPO, all other things equal.