IPO Process
topic on 5 shows · 5 statements across 5 episodes
the Knowledge Project 
Invest Like the Best 
How I Built This 
the a16z Podcast 
20VC
5 statements about IPO Process, every show
Gurley: Traditional IPO process is insanely unfair to companies
“I think it is insanely unfair to the companies the way they're forced to go through this process where The bankers pick the price and pick the shareholders. There's just no need to do that.”
O'Driscoll: Direct listings fail to prevent periodic post-IPO price pops
“It may well be that Megapops are a natural intermittent consequence of the IPO process, and that Direct listing doesn't solve that part of the problem.”
Gurley: IPO underpricing and fees create a 33% cost of capital
“I had my friend Jay Ritter rerun the data. Is there, you know, up like 25, 26% underpricing. You add in the seven percent fee, and you're like a 33% cost of capital.”
Preparing for an IPO forces essential clarity on company strategy and identity
“The process of going public was really helpful for us. It forced us to codify who we are, and what we're building, and why people are buying what we're building, and what our strategy is for the future. And it's not as if we weren't doing those things, but I t…”
Friedman: Vested financial interests preserve manual face-to-face IPO roadshows
“I think that there are, to be honest, a lot of vested interests in the people who control the process to make it so that they manage the relationships with the investors, and they put you in front of those investors, and that the investors do have a chance to …”