Square’s IPO Terms Put Valuation Below Latest Funding Round
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Re: Square’s IPO Terms Put Valuation Below Latest Funding Round
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Re: Square’s IPO Terms Put Valuation Below Latest Funding Round
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Re: Square’s IPO Terms Put Valuation Below Latest Funding Round
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Re: Square’s IPO Terms Put Valuation Below Latest Funding Round
#5Is this an example of the misleading late-stage valuations Sam Altman mentioned recently?[1] What were the terms of the latest raise?
Re: Square’s IPO Terms Put Valuation Below Latest Funding Round
#6Re: Square’s IPO Terms Put Valuation Below Latest Funding Round
#7Crazy that it's around Stripe's valuation and crazier it hasn't gotten in to Stripe's business yet.
Typically $300m in margin on $1b in revs would get you $6-8b but there's just too much negativity on Square right now with the part-time CEO, stream of negative media and chaotic product set.
Re: Square’s IPO Terms Put Valuation Below Latest Funding Round
#8 Many highly valued companies armed with private capital
have stayed away from the IPO market.
* as the late stage funding rounds appear inflated,
* an FED rate hike seems imminent and
* arguably, public market may not have the same risk/return
appetite as those investing in late stage rounds.Re: Square’s IPO Terms Put Valuation Below Latest Funding Round
#9Is this an example of the misleading late-stage valuations Sam Altman mentioned recently?[1] What were the terms of the latest raise? [1] http://blog.samaltman.com/the-tech-bust-of-2015
I would say, No. Square's trajectory has definitely diminished. $300m in margin on $1b in revs should easily support a higher valuation. And most of the preferential terms apply to acquisitions, not IPOs. The "ratchet" is at the $12 midpoint so likely will not come into play. The late stage investors are not going to make money until Square goes above the $15.46 they invested at.