IPO process

1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jun 10, 2025 by Bill Gurley · across every show →

Everything said about IPO process, oldest first

Jun 10, 2025 negative
Assertion Supported
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.”
Bill Gurley Jun 10, 2025 ▶ 30:10 The Gift and The Curse of Staying Private with Bill Gurley · Invest Like The Best
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