To understand why the popular narrative around IPOs is wrong, you have to take apart the IPO process, how stock markets work, and what the “price” of a stock means.
While entry multiples are an input for valuing mature companies, in the high growth tech market, multiples are a byproduct of the valuation process. Investors really want to understand possible exit values.
We go in-depth on the emerging trend of Direct Listings, where no capital is raised, as opposed to a traditional IPO.
We delve into the lessons learned and go behind the scenes of the OpenTable IPO with then-CEO Jeff Jordan and then-banker on the deal, J.D. Moriarty.
16 tips for getting IPO ready from proving you can grow with revenue at scale to monitoring the competitive landscape.