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MariaDB plunges nearly 40% in NYSE debut after SPAC merger

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Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger

#31

Post by celim307 »

darkwater wrote: post #28
greenyoda wrote: post #20

Earlier quoted context omitted.

A description of how SPACs work can be found here: https://www.investopedia.com/terms/s/spac.asp

From the link: > During a 2020–2021 boom period for SPACs, they attracted prominent names such as Goldman Sachs, Credit Suisse, and Deutsche Bank, in addition to retired or semiretired senior executives. Now, why retired or semi-retired senior exec who are most probably already swimming in money and have a certain age are even thinking about these investments instead of just spend the fortune they have and enjoy life…

They got that rich because for them the deal is the “juice”. They prob retired because they couldn’t invest as much time keeping up with it due to age but SPACs were such a feeding frenzy they could jump in and make a killing

Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger

#32

Post by bombcar »

1270018080 wrote: post #6
exogeny wrote: post #4

Earlier quoted context omitted.

I think the bigger problem is most of the companies that go public this way are dogshit money-losers that shouldn't be public in the first place.

All SPACs, and some traditional IPOs, are a last ditch effort of dumping worthless equity onto naive retail investors.

The fact that some recover and become "real companies" doesn't detract from this. Beware the IPO and the SPAC.

Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger

#33

Post by TylerE »

darkwater wrote: post #28
greenyoda wrote: post #20

Earlier quoted context omitted.

A description of how SPACs work can be found here: https://www.investopedia.com/terms/s/spac.asp

From the link: > During a 2020–2021 boom period for SPACs, they attracted prominent names such as Goldman Sachs, Credit Suisse, and Deutsche Bank, in addition to retired or semiretired senior executives. Now, why retired or semi-retired senior exec who are most probably already swimming in money and have a certain age are even thinking about these investments instead of just spend the fortune they have and enjoy life…

Beyond a certain point (which these guys are all well past), money is just a way of keeping score.

Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger

#34

Post by bombcar »

smabie wrote: post #15
cheriot wrote: post #7

We need a better mechanism for companies to go public. The traditional IPO is a ripoff and SPACS are scams. It's great that companies like MariaDB are able to raise money in public markets, though.

Direct listings seem fine-ish.

The reason they're rare is that the people involved prefer the ripoff (or the scam, if the ripoff won't work).

Direct listing is most logical and if done right, the company will get the most of actual benefit.

Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger

#35

Post by smokel »

darkwater wrote: post #28
greenyoda wrote: post #20

Earlier quoted context omitted.

A description of how SPACs work can be found here: https://www.investopedia.com/terms/s/spac.asp

From the link: > During a 2020–2021 boom period for SPACs, they attracted prominent names such as Goldman Sachs, Credit Suisse, and Deutsche Bank, in addition to retired or semiretired senior executives. Now, why retired or semi-retired senior exec who are most probably already swimming in money and have a certain age are even thinking about these investments instead of just spend the fortune they have and enjoy life…

One possible reason why rich people do this, is that they like making money, which got them rich in the first place.

Liking to make money and liking to enjoy money are different traits, I suppose.

Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger

#36

Post by TylerE »

cheriot wrote: post #7

We need a better mechanism for companies to go public. The traditional IPO is a ripoff and SPACS are scams. It's great that companies like MariaDB are able to raise money in public markets, though.

We need a better mechanism than going public.

That only leads to the inevitable next-quarter-itis that has taken down once great companies like HP and Bell Labs.

Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger

#40

Post by wpietri »

smokel wrote: post #35
darkwater wrote: post #28

Earlier quoted context omitted.

From the link: > During a 2020–2021 boom period for SPACs, they attracted prominent names such as Goldman Sachs, Credit Suisse, and Deutsche Bank, in addition to retired or semiretired senior executives. Now, why retired or semi-retired senior exec who are most probably already swimming in money and have a certain age are even thinking about these investments instead of just spend the fortune they have and enjoy life…

One possible reason why rich people do this, is that they like making money, which got them rich in the first place. Liking to make money and liking to enjoy money are different traits, I suppose.

> Liking to make money and liking to enjoy money are different traits, I suppose.

I get that. My dad was never that excited about making money, but he still described TurboTax as his favorite video game. Sometimes you just want to optimize the number, no matter what the number is.

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