Asana S-1

#1

Post by sean_lynch » Mon, Aug 24, 2020, 8:58 PM UTC

Asana S-1
sec.gov

Re: Asana S-1

#2

Post by minimaxir » Mon, Aug 24, 2020, 8:59 PM UTC

...is there a reason a ton of tech startups are dropping their IPOs today?

Re: Asana S-1

#3

Post by CleanItUpJanny » Mon, Aug 24, 2020, 9:02 PM UTC

minimaxir wrote: post #2

...is there a reason a ton of tech startups are dropping their IPOs today?

last chance to exit scam before the bubble pops

Re: Asana S-1

#4

Post by mlacks » Mon, Aug 24, 2020, 9:02 PM UTC

minimaxir wrote: post #2

...is there a reason a ton of tech startups are dropping their IPOs today?

"tech startups" are IPOing almost daily. Happened to be a couple of big names today.

https://sec.report/Form/S-1

Re: Asana S-1

#5

Post by toomuchtodo » Mon, Aug 24, 2020, 9:07 PM UTC

CleanItUpJanny wrote: post #3

minimaxir wrote: post #2

...is there a reason a ton of tech startups are dropping their IPOs today?

last chance to exit scam before the bubble pops

I totally get the feeling behind this, but you can't blame market participants for taking actions that are rational, regardless if the overall market fundamentals are/seem to be irrational.

If the market is desperate for returns, and tech equities are one of the few remaining avenues for such returns, and you are the owner of those equities, what else would you expect to occur? "No no no, don't buy these valuable shares of my company, invest elsewhere!" No way, you're going to cash out as fast as possible before your gains evaporate when the market transitions.

Re: Asana S-1

#6

Post by whatok » Mon, Aug 24, 2020, 9:08 PM UTC

minimaxir wrote: post #2

...is there a reason a ton of tech startups are dropping their IPOs today?

Summer is traditionally quieter since people are on vacation; still kinda holds true now. With S-1s out this week, you have more than enough time for the grunt work to be done before people are back in the office after Labor Day. I'm sure bankers have advised clients to get their ducks in a row because there's going to be a lot of supply and you really don't want to be the last out the door.

Re: Asana S-1

#7

Post by tempsy » Mon, Aug 24, 2020, 9:09 PM UTC

minimaxir wrote: post #2

...is there a reason a ton of tech startups are dropping their IPOs today?

because the tech market is as frothy if not more so that 1999?

Re: Asana S-1

#8

Post by ryanmccullagh » Mon, Aug 24, 2020, 9:09 PM UTC

In case anyone forgot, Asana was founded by Facebook co-founder Dustin Moskovitz.

Re: Asana S-1

#9

Post by tempsy » Mon, Aug 24, 2020, 9:10 PM UTC

mlacks wrote: post #4

minimaxir wrote: post #2

...is there a reason a ton of tech startups are dropping their IPOs today?

"tech startups" are IPOing almost daily. Happened to be a couple of big names today. https://sec.report/Form/S-1

OP means in general, and to be fair the tech IPO market post financial crisis has actually been fairly weak. the number of tech IPOs happening right now is at multi year highs

Re: Asana S-1

#10

Post by rvz » Mon, Aug 24, 2020, 9:10 PM UTC

CleanItUpJanny wrote: post #3

minimaxir wrote: post #2

...is there a reason a ton of tech startups are dropping their IPOs today?

last chance to exit scam before the bubble pops

It is indeed a race to the finish before the whole thing crashes down soon.

Maybe as soon as they heard Airbnb and Palantir planned for their IPOs, everyone started to run for the hills for their own IPO filings before the whole thing falls over soon.

Reminds me of the dotcom era. Now this is the time again.