Some call it a cultural phenomenon. Others label it a colossal waste of time. No matter the sentiment, all attention was on Facebook’s IPO entrance on Friday. Well, except for NASDAQ, who was too focused on repairing its malfunctioning technology, oh, and the European Union, who was busy worrying about its looming financial collapse. Instead […]
Cousin Cara and Facebook’s IPO
Since Facebook’s long anticipated S1 was filed on February 1st, pundits have been coming out in droves weighing in on everything from Facebook’s revenue growth to the number of hooded sweatshirts hanging in Zuckerberg’s closet. I haven’t heard this many opinions being expressed since my daughter learned how to speak. I’ve read everything from, “Undervalued” […]
Where is Facebook’s Audacious S1?
It is official – Facebook’s S1 has been filed. This might just be the first prospectus I’ll find riveting enough to read cover to cover. Now that the suspense has subsided, I must admit, I am somewhat disappointed. Not because of the company’s financials. The numbers were in line with expectations. Not because I foresee […]
Chasing Spreads in Private Company Secondary Transactions
I just read a fascinating article depicting how decimalization has caused the demise of the small cap IPO market and how the customization of spreads could provide a potential solution. If allowing issuers to determine their own trading spreads could improve the functionality of the public markets, I can only imagine the impact it would […]
The Evolving Capital Markets – 2011 Revisited, 2012 Forecasted
It’s that time of the year again – when we weigh in on the events of the previous twelve months and make our forecasts as well resolutions for the next twelve. Last year I made several predictions about how the private company marketplace (PCM) would evolve in 2011, and I’m proud to gloat that most […]