4 ms·
I'm starting to think that WeWork may be an interesting experiment on the current state of the stock market. It's not just HBR; Bloomberg and virtually every o
by rossdavidh 7y ago
I'm starting to think that WeWork may be an interesting experiment on the current state of the stock market. It's not just HBR; Bloomberg and virtually every other mainstream financial news analysis outlet has had an article explaining why WeWork is overvalued at its current IPO price.
If it, nonetheless, sells at this price, it seems that it will more or less prove that IPOs don't have much to do with the fundamentals.
- quaquaqua1 7y agoYup, definitely. An IPO is a liquidity event (money goes to owners) paid for by some group of individuals who believe they will make more money down the road by purchasing this stock. The way that those individuals arrived at that decision can either be through really technical analysis, or "I heard about it from my dog", or anywhere in between.