3 ms·

It feels like the IPO was essentially to dump investor losses on retail

• ksherlock 3y ago
  The IPO was canceled because it was an utter turd. They went public (with a $9 billion valuation) through a SPAC.
  • benguild 3y ago
    ahh okay
• nick_ 3y ago
  Isn't that what all IPOs are these days?
  • epolanski 3y ago
    Seems like a stretch. I would put it differently: an IPO is what most tech startups aim for or are pressured into. I'm a founder and have talked with few people (albeit I'm not looking for money) and you could clearly see disappointment in money-bringing people hearing you want to stay private.
    • shortrounddev2 3y ago
      Do you also get pressured into selling the company to a competitor?
      • epolanski 3y ago
        Did not have that occur yet.
• ssnistfajen 3y ago
  Also known as "exits".
• deleted 3y ago
  [deleted]