Various and Sundry
  • In the wake of the Jamf IPO, The Exchange corresponded with fellow Apple device management shop Addigy. According to its CEO Jason Dettbarn, “the broader MDM space is growing significantly faster” than Jamf itself. Dettbarn did say that “JAMF has built a great business and unit economics,” which was kind, adding that there is “tremendous greenspace opportunities” in the MDM world. Our read? Jamf’s solid numbers (more on that in a second) belie the chance of even better results, provided that Addigy is right.
  • One more Jamf note, if we may. The Exchange chatted with Jamf CFO Jill Putman, who told us something that we’d never heard before. We asked about how Jamf priced, in light of its huge first day result. She said that IPO pricing is a balance between not leaving money on the table, and not validating more-bullish investor models for the company. Investors tend to be more optimistic than companies, she said, and if you price too aggressively you could implicitly validate those higher targets. That makes sense, and gently dampens the Twitter whining you see today about IPO mispricing.
  • Robinhood shared how it is going to improve options trading. In the light of a user suicide relating to options trading, the Robinhood UI and access to options-trading, Robinhood promised to do better. Its list — you can read it here — feels lightweight? As The Exchange has written, there is tension between Robinhood’s revenue model and its recent promise to take better care of its users regarding more exotic trades.
  • Also, Robinhood is backing out of its U.K. expansion. The company told The Exchange that its decision wasn’t tied to its revenue model. But as Robinhood makes lots of money from selling order flow in the U.S., and we understand that the model is not allowed in the U.K., we wonder about the totality of reasons behind the choice.
  • And, finally, Teespring is back from the brink and is growing like hell. The Exchange has the exclusive story early next week. Stay tuned.