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Activist Irenic outlines Workiva valuation creation plan
Summary by Hedgeweek
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1 Articles
Activist Irenic outlines Workiva valuation creation plan
Activist hedge fund firm Irenic Capital Management, which holds a 2% shareholding in Workiva Inc, has outlined a series of recommendations aimed at reversing the software company’s recent share price underperformance and accelerating value creation. In a presentation released on Tuesday, Irenic argued that Workiva’s market-leading products, strong recurring revenue, and high-margin potential are being undervalued due to a failure to balance grow…
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