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23 results for “going public”
Company10 mentions across episodes
Public
Topic7 mentions across episodes
Going public
Event2 mentions across episodes
Going public
...to go public in March of twenty nineteen of this year. That's net income positive, folks, not a loss, which is the first time you're hearing us talk about that this season. That plays well with public market investors, it turns out. Sure does. The IP
1:07:27 / 1:08:31
from transcript1:07:27 – 1:08:31
below the last private round, which they had done another private round in 2017 that valued the company at 12,300,000,000.0. So this is pricing below. It is. And and listeners, like, they've done a series d, series e, f, g, a G1 or something like tha
1:04:29 / 1:05:34
from transcript1:04:29 – 1:05:34
...when they file publicly or roadshow until they end a roadshow and they only talk to, let's say, the top accounts, that's when you often have a really difficult pricing environment because, a, they might not have reached the entire retail channels thr
19:26 / 20:32
from transcript19:26 – 20:32
...to go public. They set the initial pricing range for the IPO at $16 to $18 a share, which equates to a valuation much lower than the $10,000,000,000 valuation that they did in their last private round in 2014. You know, there's a lot of hand wringing
1:02:57 / 1:04:03
from transcript1:02:57 – 1:04:03
this past Wednesday, April 17, they price the IPO at $19 a share above the range, and then equates to a 12,600,000,000 market cap very slightly above the last private valuation. And then on Thursday, they start trading, and they pop up 28%, close at
1:05:15 / 1:06:29
from transcript1:05:15 – 1:06:29
...going public? And do they see the 33% pop and a good IPO as Jason said and say, okay. Market's ready now for us. Will this start a flood? Well, Rory was saying, I might when I pointed out in the notes, I I thought the contrast to Wealthfront was here
56:09 / 57:17
from transcript56:09 – 57:17
there's the direct listing, and then there's the reverse merger or the SPAC. Up until I floated IPO a in 2018, I think it was, The first way was really the only way. I was involved in two direct listings, Slack and Coinbase. And in both of those, wha
17:59 / 19:04
from transcript17:59 – 19:04
...as a public company. Totally. The stock drops by two thirds to $2 a share, and Goldman and Morgan Stanley had book run the IPO.
1:31:30 / 1:32:39
from transcript1:31:30 – 1:32:39
...the public markets in trying to get hold of the stock. I personally had about 14 IPOs. We have had almost 35 IPOs in the lifetime of the firm. What we have seen is that the real price of the company, of enterprise value of the company, doesn't really
2:58 / 4:07
from transcript2:58 – 4:07
Yeah. That's a crazy process. Yeah. The IPO is nuts. We put the price of, like I'm gonna get the specifics here wrong, but it was $26 a share that you priced at on. Yeah, I remember that the S1 had 13 to $16 a share on it. We printed the S1 and befor
55:29 / 56:30
from transcript55:29 – 56:30
...going public and how we think about participating. Give the listeners the guidance there. So for the first thing, bigger is better than smaller? Correct. So it's number one, can I even buy it? Right? If if the IPO is so small, and, you know, we can't
1:20:12 / 1:21:16
from transcript1:20:12 – 1:21:16
...of going public. So the first five years, you might be getting that product market fit. All of a sudden, you're the guy in the dog park with meat on them getting surrounded and attacked for their product, then the countdown clock begins. Okay. You go
32:14 / 33:21
from transcript32:14 – 33:21
our definition of grading on this show is, for an acquisition, you know, how beneficial was it to the how good of a decision was it to the acquirer to acquire the acquiree? And similarly for IPOs, how good of a decision was it to do the IPO? What it
1:01:31 / 1:02:36
from transcript1:01:31 – 1:02:36
...public, on November 16, and they end up trading, just under
34:40 / 35:41
from transcript34:40 – 35:41
...through right now. But in 10/01/1970, it went public. Only 800 shareholders participated in the IPO. They sold 300,000 shares at $15. So that's sort of the actual IPO the night before. And some quick math shows they raised 4 and a half million dollar
1:37:27 / 1:38:33
from transcript1:37:27 – 1:38:33
...public. And, so Goldman Sachs gets about $10,000,000 in in banker fees from this IPO, which, you know, makes a lot of sense given where it priced, you know, given given all those things.
50:15 / 51:15
from transcript50:15 – 51:15
If you raised money if you raised money and then sent it to and then said, oh, somebody came in and you were making the wrong amount and the dashboard had a different amount of revenue, somebody's gonna wanna take a look at that. The SEC might be int
36:46 / 37:46
from transcript36:46 – 37:46
...filed to go public. Rumors are that they expect a kinda 2 and a half to $3,000,000,000 valuation. The company did just under $1,000,000,000 in revenue last year. They then, a couple weeks later, after the roadshow starts, they announced their pricing
1:02:09 / 1:03:21
from transcript1:02:09 – 1:03:21
...public to buy shares in the company. The public bought shares in the company at $31 a share, and then the market price for the shares is now a $100 or apparently a 107. Mhmm. So this means and it was 25 x oversubscribed. What this means is they left
2:57 / 4:00
from transcript2:57 – 4:00
But, you know, people do tend to put their money where their mouth is. And, and I think those are, like, literally the insiders, I don't think have sold a share here, the major insiders. And I think that speaks volumes. Yeah. I I guess a is the right
1:41:58 / 1:43:04
from transcript1:41:58 – 1:43:04
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