With Facebook nearing an $85 billion valuation in secondary markets and Groupon rumored to go public at a $25 billion valuation, many economists, particularly those whose kitchens are wallpapered in Webvan stock certificates, are already rushing into bubble banter. After much investigation and a brief history refresher, I have reunited with my old college friend, […]
The Current IPO Landscape and the Vital Role of the Secondary Marketplace: Size Does Matter – Except If You Are Chinese
A few weeks ago I wrote an article titled, “Yes, Size Does Matter – The Current IPO Landscape”, in which I highlighted the most pressing issue affecting today’s IPO environment – the blatant bias towards the large cap company. I was inundated with emails from readers with questions such as, “Do we really live in […]
Yes, Size Does Matter – The Current IPO Landscape
I’m sorry to relay this, guys, but yes, size does indeed matter, particularly if you are planning on going public. The discouraging reality is that, just like my old college friend, Jill, today’s IPO market kowtows to the well-endowed. The average deal size in 2010 grew to $251M – quite a disparity from 20 years […]
2011 Market Predictions
Before January slips away, I thought it would be worthwhile to make a few predictions for 2011. If I am proven right, I will be gloating about it in a December 2011 blog entry with my feet in the sand and a Bloody Mary in my hand. However, if I am proven wrong, I will […]