Last quote by Kathleen Smith
Kathleen Smith quotes
The companies that have come out have come out at low valuations compared to their peers and in some cases – like Nutanix and Coupa Software – priced below their last round of funding. So they have been leaving a lot of money on the table. Now that some are trading up notably on the first day, others will try to come out at higher prices – and that could be a problem.
Because we had the shutdown in the market since April, investors have been nervous about valuation.
I think we can say for sure that there's a lot of interest now, contrary to the beginning of the year, in high-growth technology IPOs.
They have a lot of visibility and strong cash-flow dynamics – that's a long-term thing.
We think this is a good business.
Investors are willing to value high-growth companies as long as volatility is low.
We expect more this year, and we'd imagine some of the larger ones are targeting 2017.
Tech IPOs are being very well received right now in the market. ... The window has opened up.
Nutanix is a very important deal for technology, because as a deal that will be above its private valuation. It is a sign that there's an appetite for a high-growth company that doesn't yet have earnings.
The success of Line is sending a clear message that the IPO market is open for business.
Strong returns are the fuel that powers the IPO issuance engine.
It doesn't look like the company fundamentals will be hit by some of the macro-events, because it's riding on a wave of new technology.
This is not going to help the case for the unicorns. The more you wait, the more the competitors come out.