IP Uh Oh

A Sane IPO Market Is Egg on The Face of Late Stage Investors

A piece from 2000, the good old days

An interesting detail about the recent Zynga IPO was that the company priced its shares at $10, well below the $14 a share backers like JP Morgan paid in the social gaming company’s last round of private funding.

Writing on his blog today, Fred Wilson argues that the recent public offerings for Zynga, Groupon, Pandora, LinkedIn and others have been rational. The companies  have seen some volatility, but they haven’t jumped to insane highs and then plummeted to zero.  “I was on the boards of some companies that went public in 99/00 and they were not ready,” wrote Wilson. “I learned that lesson the hard way.” Read More