4 ms·
Call me a cynic, but I get the feeling this IPO is more of an early investor/founder cash out?
by adrenalinelol 9y ago
Call me a cynic, but I get the feeling this IPO is more of an early investor/founder cash out?
- ProAm 9y agoThat's most IPO's
- wweidendorf 9y agoIn this case, none of the IPO proceeds went to existing shareholders. Based on the prospectus, it would appear that all insiders are subject to either a 120-day or 180-day lock-up post IPO. https://www.sec.gov/Archives/edgar/data/1701114/000104746917004316/a2232581z424b4.htm#eo16601_shares_eligible_for_future_sale https://www.sec.gov/Archives/edgar/data/1701114/000104746917... This seems more like a liquidity raise to fund future growth that just happened to be timed incorrectly with respect to the Amazon / Whole Foods announcement.
- kgwgk 9y agoI may be mistaken, but I think existing shareholders are not selling as part of the IPO. The company really needs the money...