Feb 27, 20201 minShona Brown quietly joined DoorDash board of directorsIn an today article for Bloomberg, Drew Singer reported that food delivery startup DoorDash had appointed Shona Brown to its previously...
Feb 10, 20201 minThe Casper IPO successIn her article for Yahoo! Finance earlier today, Valentina Caval recapped the first day of trading for Casper, which opened at $14.50,...
Feb 7, 20201 min"Casper's IPO is a terrific outcome for everybody" - Rett WallaceWith Casper's IPO kicking off today, Triton's Rett Wallace appeared on Yahoo! Finance's On the Move livestream this morning to discuss...
Feb 5, 20201 minWhat the Casper IPO means for direct-to-consumer brandsIn her story today for Fortune, Lucinda Shen explored "why investors are cooling on Casper and other ‘direct-to-consumer’ brands." In...
Jan 13, 20202 min2019 Tech IPO Winners and Losers – Part Six of SixClear winners and losers by company type and transaction structure. 2019 was a reckoning for the new category of mega-cap startups. The...
Jan 11, 20203 min2019 Tech IPO Winners and Losers – Part FiveSpecial 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,...
Jan 9, 20201 min2019 Tech IPO Winners and Losers – Part FourOther ways to look at winning and losing It’s all about money. Issuers want capital at reasonable prices, private investors want...
Jan 8, 20201 min"Negative institutional discount"In his article today for The Wall Street Journal, Telis Demos cited Triton's "2019 Tech IPO Winners and Losers – Part Two" note on...
Jan 8, 20203 min2019 Tech IPO Winners and Losers – Part ThreeSlack 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...
Jan 7, 20202 min2019 Tech IPO Winners and Losers – Part TwoNegative “pops”: overall, despite short-term gains for investors, issuers got the better of the pricing process Venture capitalists love...
Jan 6, 20202 min2019 Tech IPO Winners and Losers – Part OneThe winner (and loser) is… Uber. And… Zoom. Despite its directional uniformity and clear dispersion, the chart below of 2019’s tech IPOs...
Dec 23, 20191 minDisclosure was a major factor in WeWork's inability to IPOIn an appearance today on Bloomberg TV, Triton's Rett Wallace discussed the role of WeWork's limited disclosure in its IPO prospectus as...
Dec 18, 20191 minThe risk of direct listingsIn their article today for Bloomberg, Drew Singer and Jeran Wittenstein spoke with Triton's Rett Wallace to get his perspective on the...
Dec 9, 20191 minBill.com capitalizing on popular trendsIn his article today for The Wall Street Journal, Telis Demos discussed Bill.com's upcoming IPO, saying that the company "is set to...
Nov 20, 20191 minAlibaba and the promise of marketplace companiesIn an appearance today on Bloomberg TV, Triton's Rett Wallace discussed Alibaba's $11 billion dollar Hong Kong IPO. This second IPO,...
Nov 12, 20192 minThe 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...
Oct 30, 20191 minThe expiration of the share lock-up periodIn his article for the Financial Post, Victor Ferreira highlights the impact on share price of the expiration of insider lock-ups on...
Oct 16, 20191 minPeloton and SmileDirectClub: Sign of things to come?In their article for Bloomberg, Bailey Lipschultz and Drew Singer cite the poor performance of recent consumer IPOs Peloton and...
Oct 11, 20191 minWeWork's losses accelerating in EuropeIn an article for the Financial Times, Judith Evans reported on financial documents filed with London’s Companies House that show that...
Oct 1, 20191 minMarket reaction to PelotonIn this morning's Smart Beta Insights post for ETF Trends, Ben Hernandez discussed the poor first-day trading performance of Peloton, as...
Sep 30, 20191 minThe "harsh lessons" of 2019's IPOsIn her article today for Fortune, Anne Sraders recapped the mixed performance of IPOs over the course of the year so far. She cites a...
Sep 29, 20192 minUnless 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...
Sep 27, 20191 minPeloton is not WeWork or EndeavorIn an appearance on this morning's Squawk Box on CNBC, Triton's Rett Wallace explained how Peloton's day one trading decline could still...
Sep 25, 20191 minUnprofitable Companies Going PublicIn a long-form published piece for Bloomberg, Esha Dey, Drew Singer, Ryan Vlastelica, Kristine Owram, and Mathieu Benhamou explored the...
Sep 24, 20191 minWeWork's new co-CEOsIn her article today for Fortune, Anne Sraders discusses the backgrounds of Artie Minson and Sebastian Gunningham, the two of whom will...
Sep 24, 20191 minWeWork firing Neumann doesn't fix problems with losses and opacity - WallaceIn an appearance today on Bloomberg TV, Triton's Rett Wallace discussed the future of WeWork following the resignation of CEO Adam...
Sep 20, 20191 minRett Wallace on Bloomberg Surveillance PodcastIn the Bloomberg Surveillance podcast published earlier today, Triton's Rett Wallace appeared alongside Tom Keene to discuss WeWork's...
Sep 13, 20191 minWe's new S-1: These aren't the droids you're looking forWe filed a new S-1 today addressing only the most outrageous aspects of its voting and governance structure. For example, the founder's...
Sep 11, 20191 minPeloton - A Shining Example of Good DisclosureIn an appearance on this morning's CNBC Squawk Box, Triton's Rett Wallace compared the key metric disclosure in Peloton's IPO prospectus...
Sep 9, 20192 minPeloton’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...