4 ms·
Were I a pre-IPO stock holder, I'd be extremely annoyed with the advisers right now.
by moomin 9y ago
Were I a pre-IPO stock holder, I'd be extremely annoyed with the advisers right now.
- arcanus 9y agoAgreed. Gives some ammo to spotify avoiding a traditional route.
- zng00 9y agoSeems they would be happy with the bump?
- mannykannot 9y agoIf their intent is to cash out now, they are probably happy enough. Anyone with a long-term interest in the company would probably prefer for more of that valuation flow into the company's coffers, rather than to the underwriters and others with little long-term interest.
- kolbe 9y agoWhat are you talking about? The "bump" off of the fake price that got made up yesterday? Dropbox was worth $12b yesterday, just like it is today. And a few banks suckered Drew into screwing himself, his investors and his employees by selling shares at a $8b valuation.
- zethraeus 9y agoThey mean the set of people who actually sold to institutional investors at that price, in the process of listing.
- deleted 9y ago[deleted]
- kgwgk 9y agoIf you were a pre-IPO stockholder you would also be a post-IPO stockholder. Selling some of your shares in the IPO at $20 and the rest in a few months at $40 may better than selling a few at the IPO at $40 and the rest in a few months at $20.
- maxerickson 9y agoThe cost of the pop on the float is ~$250 million ($8 on 36 million shares). There's something like 400 million shares in the company. It's not so bad.