IPO

‘s Really Broken..

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Last week saw the disaster of epic proportion that was BATS debut into the market with their IPO (seen here).  As a result, BATS retracted their offering with the intentions of regrouping.  However, this incident left a whole host of skeptics who would never trust an exchange operator that couldn’t handle their own IPO.  No doubt, BATS’ valuation will be adjusted when they are ready to bring the IPO back to the table..  But will this be a discount opportunity on essentially the same stock?  According to founder Dave Cummings (who no longer works for BATS but is still and investor) … Read more

‘t Break The Market The First Day On The Job

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Imagine this: you’re driving to the office the very first day on the job.  As you casually hang a right into the parking lot, you begin thinking of how you are going to leave a stellar first impression on your co-workers and management, since you know that first impressions mean everything.  Pulling into the first spot you see right in front of the entrance, you jump the curb and slam into the front of the building as your car bursts into flames while your hood flattens the reception desk against the back of the wall. Now imagine this is how … Read more

Thinking About Retirement? Forget 401Ks, Graffiti Pays… A Lot.

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Ok, so maybe picking up a can of spray paint isn’t the best retirement option for everyone, but it certainly worked out for David Choe.  Back in 2005 and under the direction of Napster kingpin Sean Parker, he adorned the walls of the Palo Alto with his street styled tagwork (the rest of his mixed medium works can be seen here).  Upon completion, Parker asked if he would like to be compensated in cash or in an equal value of stock.  While Choe is no beacon of the mainstream social environment, he took a gamble and accepted the offer of … Read more

Facebook Under Fire as it Approaches IPO

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I’m sick of Facebook.  The name makes me cringe every time the talking heads on CNBC spout out the same regurgitated facts; all too reminiscent of Armani  clad penguins feeding vast fields of their young.  Regardless, here’s some news that might  get a smile out of your spiteful inner self: lawsuits against the social media giant are rapidly piling up as we near the initial public offering.  No, the company didn’t decided to go on one last rampant crime spree just before going public.  It’s the scent of money in the air that drives the shoals of patent lawyers into … Read more

Zynga IPO Fizzles as Stock Falls 5% – WSJ.com

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In the upside down world of good news is bad news, bad news is good news, this is actually a bullish event although on the surface people are interpreting it negatively. There is no surer way to hurt equity prices than by creating more supply.  Wall Street might not be good for much these days but they are great at floating stock when they smell the slightest opportunity.  If the Zynga IPO had stuck, greedy bankers would rush out as many overpriced deals as they could. Now they will hesitate on adding more supply to a weak market and this … Read more