Category: The Street
Posted Date:
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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…
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Abstraction vs. Disruption
By now we are all tired of hearing about ‘disruption’. The word has become over-used in many ways, and I am as guilty of its usage as anyone. There is something in…
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Unicorn Problems? IPO Doldrums
There has been a lot of IPO news lately. First and foremost was the launch of my book on How to Take a Company Public. In the weeks since publication there have been…
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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…
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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…
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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…
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A Practical Guide to IPOs Chapter 9 – Some Common Mistakes
KEY LESSON: Don’t be greedy There are a lot of things that can go wrong in an IPO, a truth about which I have seen far too many examples. It should now…
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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…
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Chapter 7 – The Dividing Line or How to Prepare for Public Markets
KEY LESSON: Be reasonable about what your company can accomplish In the last chapter, we took a speedy tour through the IPO process. I now want to return to that key pint…
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IPO Series Chapter 6 – “The Process”
KEY LESSON: Be prepared. Decisions made before the IPO can have lasting implications long after the IPO. In this chapter, I am going to use broad strokes to walk through the IPO…
