Category: Stocks
Posted Date:
-
Should I Stay or Should IPO?
I haven been working with a number of companies lately who are trying to evaluate the relative merits of staying Independent versus raising Institutional venture funding or selling themselves. This involves making…
-
How much would you pay for equity research?
I was an equity research analyst for ten years. I loved the work – meeting people, arguing with them and writing about it. I am also a big believer in the idea…
-
Sitting on the end of the Whip
There is a metaphor I hear occasionally to describe semiconductors – the idea of a bullwhip. A big part of running a successful chip company is accurately forecasting demand. Semiconductor manufacturing plants,…
-
Are IPOs going out of Fashion?
Last was a bad one for public markets, at least a bad week for people who believe that tech companies can find a home in the public markets. First, the long-awaited Pure Storage IPO sank…
-
A Practical Guide to IPOs Chapter 12B – Telling a Good Story with Above the Line Numbers
KEY LESSON: Investors hate volatility more than they love growth In the last post, I laid out an approach to providing initial guidance to investors, from the time of the IPO through…
-
A Practical Guide to IPOs – Chapter 12: The Numbers Game
KEY LESSON: Optimize the model for a secondary offering, not the roadshow In this chapter, I am going to walk through how to prepare a financial model for the analysts and the…
-
A Practical Guide to IPOs- The Eleventh Chapter – How to Tell a Story
KEY LESSON: The IPO roadshow should tell a story that is compelling backed up by real numbers. In this chapter and the next I am going to walk through how to…
-
A Practical Guide to IPOs: Chapter 10 – Meet the Street
KEY LESSON: Liquidity, as measured by trading volume, matters more than share price No plan ever survives first contact with the enemy. Or, if 19th century Prussian generals do not carry much weight…
-
Why the Disconnect? Public vs. Private investors on IoT
I have been doing a lot of work around IoT (the Internet of Things) lately. It is a subject of near universal interest among the kinds of people I hang out with. Hardware,…
-
A Practical Guide to IPOs Chapter 8 – The Expectations Game
A Practical Guide to IPOs Chapt 8 – The Expectations Game – When you provide analysts with numbers, make sure they are numbers you can beat. Choose a number that: 1) you…
