Jon Quast

So I feel like that's a timely stock to bring out.

What should investors do with the new wave of IPOs coming?

You're listening to Motley Fool Hidden Gems Investing.

Welcome to Motley Fool Hidden Gems Investing.

I'm Jon Quast, and I'm joined today by Fool contributors Matt Frankel and Rachel Warren.

And later in the show, we do want to talk about a new IPO that is coming to market, as well as a question from you regarding what to do with new IPOs when they do go public.

But first, we wanted to talk about an earnings report that came out this morning.

And that is from Monday.com.

This is a enterprise software company.

And we've been talking about the death of SaaS stocks.

And this kind of reminds me of the Monty Python routine where they're saying, bring out your dead.

And the one guy's like, I'm not dead yet.

I'm actually getting better.

Well, Monday.com gets lumped in with the stocks that are doomed.

And it reported today, the market apparently loved it.

because, man, the stock jumped about 25% in pre-market trading.

I see it's down from that now that we're recording, but this is a stock that got hammered down over 70% over the last year, but there must have been something here that the market liked, Rachel.

Well, something that you said just then, Matt, you talked about how the market was pricing in a rapid deceleration in the revenue growth rate.

But I wonder if maybe the celebration here from the market wasn't premature, because if you do look at the numbers, the top line is continuing to decelerate.

So in the fourth quarter,