I have been mixed on this, and I think it will have an interesting impact on the IPO markets.
But, one area that I am still waiting to see play out is the intersection of secondary markets and IPOs. People have raised the examples of Groupon, Yelp, and FB (Zynga is another that comes to mind). All social, yet all different. Groupon has had some interesting accounting practices along the way, FB was richly priced by the secondary markets.
I have yet to see any big name, non-social, companies really test the markets, and I mean when they are in a position to do so -- strong product, strong revenues, and strong path moving forward.
Given what is happening in Europe and the world markets in general, there will be an impact on investment.
There have been basically 3 downturns (as I believe cdixon mentioned) in the last 12 years, is this the 4th? Or is this a by product of new avenues like the secondary market?
I have no idea, but it will be interesting to see how it plays out.
But, one area that I am still waiting to see play out is the intersection of secondary markets and IPOs. People have raised the examples of Groupon, Yelp, and FB (Zynga is another that comes to mind). All social, yet all different. Groupon has had some interesting accounting practices along the way, FB was richly priced by the secondary markets.
I have yet to see any big name, non-social, companies really test the markets, and I mean when they are in a position to do so -- strong product, strong revenues, and strong path moving forward.
Given what is happening in Europe and the world markets in general, there will be an impact on investment.
There have been basically 3 downturns (as I believe cdixon mentioned) in the last 12 years, is this the 4th? Or is this a by product of new avenues like the secondary market?
I have no idea, but it will be interesting to see how it plays out.