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It's understood that a tech company releases a small minority of shares at IPO and follows up with a secondary in a year or so. Someone else observed that they
by yesiamyourdad 12y ago
It's understood that a tech company releases a small minority of shares at IPO and follows up with a secondary in a year or so. Someone else observed that they raised only a year's worth of money and from what I've read, they don't know when they'll be profitable, so it's quite obvious that they're going to do a secondary and that will be when they really raise some capital.
- dlubarov 12y agoIt's still a lot of cash left on the table. Why aren't dutch auctions more common in IPOs?
- adventured 12y agoBecause the financial companies that control everything on Wall St. hate them. Box isn't a very powerful company - they're no Google - and can't easily go against the grain. Box desperately needed that IPO, they're burning very large sums of red ink.