Triton Jan 13, 2020 2 min 2019 Tech IPO Winners and Losers – Part Six of Six Clear winners and losers by company type and transaction structure. 2019 was a reckoning for the new category of mega-cap startups. The U...
Triton Jan 11, 2020 3 min 2019 Tech IPO Winners and Losers – Part Five Special Cases Worthy of Note Lyft If there was a tangible moment to mark the beginning of the IPO shakeout of 2019 it was April 1st, Lyft...
Triton Jan 9, 2020 1 min 2019 Tech IPO Winners and Losers – Part Four Other ways to look at winning and losing It’s all about money. Issuers want capital at reasonable prices, private investors want liquidit...
Triton Jan 8, 2020 3 min 2019 Tech IPO Winners and Losers – Part Three Slack was the biggest loser of them all If issuers win by raising the most capital at the best price, and investors win by buying stocks ...
Triton Jan 7, 2020 2 min 2019 Tech IPO Winners and Losers – Part Two Negative “pops”: overall, despite short-term gains for investors, issuers got the better of the pricing process Venture capitalists love ...
Triton Jan 6, 2020 2 min 2019 Tech IPO Winners and Losers – Part One The winner (and loser) is… Uber. And… Zoom. Despite its directional uniformity and clear dispersion, the chart below of 2019’s tech IPOs...
Triton Nov 12, 2019 2 min The WeWork S-1 that could have been. Oh man, check out this investor deck WeWork posted the other day (and Matt Levine flagged yesterday). They had the good stuff all along b...
Triton Sep 29, 2019 2 min Unless you are a misfit toy, this tech IPO market is just fine. Much prognosticating this week about the closing of the tech IPO window, but the table below tells a different story. Normal tech compani...
Triton Sep 13, 2019 1 min We's new S-1: These aren't the droids you're looking for We filed a new S-1 today addressing only the most outrageous aspects of its voting and governance structure. For example, the founder's s...
Triton Sep 9, 2019 2 min Peloton’s IPO disclosure: THIS is how you do it. See? They CAN do it if they want to. Turn to pages 63 and 64 of Peloton's S-1 if you want to see something extraordinary. Churn! And LTV!...
