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It’s odd to have these IPOs in the middle of August, in the middle of a super volatile market. I can’t help thinking that there must be a sense of urgency, base
by cm2187 7y ago
It’s odd to have these IPOs in the middle of August, in the middle of a super volatile market. I can’t help thinking that there must be a sense of urgency, based on the perception that this is the last opportunity before a bear market and much more modest (realistic?) valuations.
- rapsey 7y agoOr last resort because private money has dried up.
- JakeTheAndroid 7y agoThey just got an additional series funding and turn a profit year over year currently.
- dsl 7y ago> It’s odd to have these IPOs in the middle of August Read my other comment further down. It is from doing your private SEC filings in December to use a loophole to avoid disclosing a bunch of information. These companies didn't just wake up in the morning and plan to IPO, it a good 18 months of planning that end with a public filing.
- cm2187 7y agoThat's all well, but I am more familiar with bond issuances than equity, and the issuer always has the option to delay until the right market conditions, and I don't know any banker who would ever advise issuing in the middle of big market correction, in the least liquid part of the year.
- rapht 7y agoYou actually have that option but there is a limit to how much you can delay - I'm not familiar with US regulation but in most jurisdictions I know about you could delay for max 3 months after your public submission (mostly due to the fact that you present quarterly numbers on the prospectus, which means you need to update it X days after closing the quarter).
- big_chungus 7y agoThis is just about when kids go back to school. You see fewer IPOs over the summer because the bankers are all off in houses in the Hamptons or Nantucket. Your underwriters may not want to IPO until you get back, and there will be fewer people to buy your shares.