3 ms·
I don't know anything about IPOs, but isn't that bad for Twilio? They could've potentially made double or triple what they did originally, right?
by mej10 10y ago
I don't know anything about IPOs, but isn't that bad for Twilio? They could've potentially made double or triple what they did originally, right?
- swyman 10y agoThere are enough moving parts and conflicting incentives within the system that it's unlikely to be that simple. In theory, yes, they may have underpriced their IPO and left some money on the table, but that isn't necessarily the worst thing. In general, it's better to be thought of as a company that's outperformed expectations than underperformed them.
- femto113 10y agoPerhaps, but keep in mind they sold only a small portion (~12%) of the company in the IPO, so the effect on the overall value (and longterm success) was limited.