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That is a meaningless statement. The decision to prepare is distinct from the decision to commit. It's farcical to imagine that these overvalued companies are j
by lvs 8y ago
That is a meaningless statement. The decision to prepare is distinct from the decision to commit. It's farcical to imagine that these overvalued companies are just filing on sheer momentum. Doing it now is an affirmative decision. Also, the drop began two months ago and the signs of volatility where there in January.
- kerng 8y agoTo be fair, they have been talking of a 2019 IPO since more then a year ago.
- lvs 8y agoWhatever the case, the exit-ramps are there at every stage and every moment until you do it. To play this as some kind of rolling ball that couldn't be stopped strains logic and seems basically counterfactual.
- xyzzy_plugh 8y agoI disagree. I think the tension between getting your house in order enough to open your books to the public market and critically important employees waiting around for their stock-based compensation to trigger puts you between a rock and a hard place. For Uber, it's do-or-die in 2019.