Re: Great Infographic: Famous IPOs: Where are they now?
philtheinvestor
6/12/2012 2:43:55 PM
Not necessarily, it could be worse. And they have been having better than expected number over the past week or so. The mad panic might finally be settling down and we can see the true potential.
Re: Great Infographic: Famous IPOs: Where are they now?
Noreen Seebacher
6/1/2012 1:13:54 PM
Everything that could go wrong has? Huh. I think we've only just begun.
Re: Great Infographic: Famous IPOs: Where are they now?
chapAnjou
5/31/2012 4:41:23 PM
I mean, I was being a little overdramatic but doesn't it seem to you like whatever could go wrong has gone wrong?
Re: Great Infographic: Famous IPOs: Where are they now?
philtheinvestor
5/31/2012 4:38:08 PM
Horror show, I don't know if it can be classified as such just yet. Let's see where they are at the end of Q4 to make that call.
Re: Great Infographic: Famous IPOs: Where are they now?
chapAnjou
5/31/2012 1:32:52 PM
"Back in 1999 you could have slapped together some college buddies, a Website, and some marketing materials and you had an IPO. Most of them were not real companies. Theglobe.com didn't even have any revenue as I recall -- it was just a concept."
@Scott - I truly truly miss this aspect of many industries in this day and age. The internet has become so stuffy with everyone trying to monitize this and sell that...and don't get me started on the games industry...
Re: Great Infographic: Famous IPOs: Where are they now?
chapAnjou
5/31/2012 1:21:56 PM
"3) Waited too long to go public. I think it would have had a much better result if it had gone public at a lower valuation last year.
What were they afraid of?"
@Scott, I'm sure this is just a case of a guy who has no idea what he's doing when it comes to actual business decisions worried about losing his company by going public. By losing, I mean more in the sense of losing the culture or the "independence". Unfortunately, now he has to contend with all of that plus losing some of the faith of investors, etc.
Re: Great Infographic: Famous IPOs: Where are they now?
chapAnjou
5/31/2012 1:16:45 PM
@Noreen re: the greed involved - I was really surprised by how high the stock was valued at to begin. Goes to show you though that your company has to earn its value through the stock market and can't just jump in guns blazing.
Re: Great Infographic: Famous IPOs: Where are they now?
Scott Raynovich
5/31/2012 11:49:00 AM
I don't think you can compare the 1999 IPO bubble to this mini-bubble in social networking. I lived through the 1999 IPO bubble, at a time I was a writer for the now-defunct Red Herring magazine and Redherring.com (still extant, though a much crummier Website). We were writing about new IPOs nearly every day.
Back in 1999 you could have slapped together some college buddies, a Website, and some marketing materials and you had an IPO. Most of them were not real companies. Theglobe.com didn't even have any revenue as I recall -- it was just a concept.
The companies that are going these days are real businesses with hundreds of millions/billions in revenue and in many cases lots of profits too.
Yes, the valuations have gotten high -- but nothing like 1999/2000 when you had companies going public with stratospheric valuations and no revenue.
In fact at Light Reading we covered the optical bubble. I remember when Corvis had a market cap over $30 billion -- more than GM -- and no revenue. They company doesn't exist anymore.
http://www.lightreading.com/document.asp?doc_id=2690
So, it is totally different today.
Re: Great Infographic: Famous IPOs: Where are they now?
Scott Raynovich
5/31/2012 11:43:15 AM
Facebook IPO cheif problems:
1) They priced it too high -- insiders got greedy
2) Nasdaq major fouled up the technicals. Did not execute.
3) Waited too long to go public. I think it would have had a much better result if it had gone public at a lower valuation last year.
What were they afraid of?
Re: Great Infographic: Famous IPOs: Where are they now?
Scott Raynovich
5/31/2012 11:42:00 AM
Pretty cool numbers Noreen.
I think valuation discipline is in order here. Pretty sure the people that get beaten up on IPOs are the ones that buy without any valuation discipline.
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