So far this year, there has been a great deal of media attention surrounding the private company marketplace (PCM) or what is commonly called, the secondary marketplace due to the nature of shares it currently trades. While there are some who feel that this marketplace is nothing more than a thorn in the SEC’s side […]
Is Groupon’s IPO Doomed?
It was reported today that Groupon’s IPO is delayed until September while the SEC looks into some of its “fancy” accounting metrics. According to sources, the SEC is focusing on one metric in particular, CSOI, not to be confused with CSI, the popular television crime series. Even though both are draped in mystery, CSOI does […]
Did Pandora IPO Too Early?
Pandora (NYSE: P), the unprofitable Internet radio company brazen enough to demand a single letter trading symbol, made its public debut on Wednesday. At $16 a share, or $2.6B, Pandora was priced at about 19X last year sales. On its first day of trading, its shares rose as much as 63% from its IPO price […]
Proposed Legislation in Support of the Private Company Marketplace (PCM)
It has been reported this week that new legislation is being introduced that would revise The 1964 Securities Acts Amendments which held companies with at least $1 million of assets and 500 shareholders to the same mandatory disclosure requirements as the 1934 Act imposes on securities traded on the major stock exchanges. The proposed revisions, […]
It’s Beginning To Look A Lot Like 1995
Based on LinkedIn’s public debut today, my Bubbleometer detected the slightest silhouette of a bubble brewing – an inevitable consequence of public market trading. The stock which was issued at $45 reached $122.70 before closing at $94.25 on trading volume of 30.2 million shares. LinkedIn represents the first social media company to have come of age […]