Public investors lacked a unified valuation framework during Square's IPO
Nicole Irvin · a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations · Jan 2, 2019 · at 3:12
Nicole Irvin of Andreessen Horowitz explains the lack of standard valuation metrics among institutional investors during Square's 2015 IPO.
“There is no formula, and there was a wide range of understanding and a wide range of beliefs among investors on even how Square should be valued from valuation framework.”
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