"Typically Investors Look for You to Make a Product and Sell a Product Before Going Public"
The standards for investors for a tech IPO are being tested, said Rett Wallace today on Bloomberg TV. Whereas the market has witnessed a multi-year shift in companies staying private for longer, Chinese electric car manufacturer NIO has asked U.S. investors to believe in a different playbook. With their IPO today, the company raised over a billion dollars on only $7 million in trailing revenue. Excerpt of interview on Bloomberg TV - HERE