Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
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Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#2Might it have something to do with the fact that so many companies have waited so long to go public that there's basically no realistic upside left for retail investors?
Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#3Two examples is a trend.
Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#4What would Wall Street care? All that matters is that a company goes public while there is still some (perceived, at least) upside for retail investors. If the main company of going public is to give investors / employees liquidity, then of course they are going to bomb. If the company has real upside, then it will be fine.
Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#5What would Wall Street care? All that matters is that a company goes public while there is still some (perceived, at least) upside for retail investors. If the main company of going public is to give investors / employees liquidity, then of course they are going to bomb. If the company has real upside, then it will be fine.
Investment banks (i.e. "Wall Street) underwrite and manage the IPO.
Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#6Or turning against bullshit business models. The growth for taking egregious commissions on takeout and losing money while doing it is a finite market.
Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#7Might it have something to do with the fact that so many companies have waited so long to go public that there's basically no realistic upside left for retail investors?
Or you know, many companies are based on private valuations that are often gamed to boost the books of investors but don't match reality.
Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#8Comparing direct listings to IPOs always seemed odd to me. An IPO is a fundraising event. A DPO does not raise any money for the actual business, but it gives liquidity to existing shareholders. The reason we're seeing them now is that there are companies who don't need an IPO to raise money, but have shareholders who have waited 10 years for liquidity.
Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#9What would Wall Street care? All that matters is that a company goes public while there is still some (perceived, at least) upside for retail investors. If the main company of going public is to give investors / employees liquidity, then of course they are going to bomb. If the company has real upside, then it will be fine.
How does that make sense? A DPO for a company that doesn't need more capital to give employees liquidity doesn't imply a bomb at all.
Re: Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley
#10Might it have something to do with the fact that so many companies have waited so long to go public that there's basically no realistic upside left for retail investors?
that is 1 huge difference between the IPOs of now and even 10 years ago. you could buy stock in companies like Google or Salesforce that were still nowhere close to their maturation stage. sure it was hard to find that 50x bagger but at least it was possible. Now I doubt those exist