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AVALARA SHARES SOAR

Scott McFarlane, AvalaraAvalara closed its first day of trading as a public company with a bang. And it was just in time to get an additional boost when the Supreme Court tossed out rules against taxing Internet sales.

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RANDOM THOUGHTS: TRUDEAU

Justin Trudeau, Canadian Prime MinisterThe meeting North Korea leader Kim Jong Un with president Trump is probably the only time anybody in North Korea is going to wonder who had the worst hairdo in the room. Meanwhile, the ruling class is addressing the critical economic problems facing the average North Korean with government publications such as “Fifty New Ways to Prepare Grass for Your Meals” and “Fasting as a Tool for Self-Improvement”.

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AVALARA OFFERING GOES HIGH

Scott McFarlane, AvalaraAvalara went public today at $24 per share, beating estimates that had continued to rise over the last few days. On Friday, the Wall Street Journal said the estimate was $19 to $21 per share and when the software company filed its amended Form S-1 with the SEC mid-week that had moved to $21 to $23 per share.

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