Shona Brown quietly joined DoorDash board of directors
In an today article for Bloomberg, Drew Singer reported that food delivery startup DoorDash had appointed Shona Brown to its previously...
Triton in the Press
- Feb 10, 2020
- 1 min
The Casper IPO success
In her article for Yahoo! Finance earlier today, Valentina Caval recapped the first day of trading for Casper, which opened at $14.50,...
- Feb 7, 2020
- 1 min
"Casper's IPO is a terrific outcome for everybody" - Rett Wallace
With 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, 2020
- 1 min
What the Casper IPO means for direct-to-consumer brands
In her story today for Fortune, Lucinda Shen explored "why investors are cooling on Casper and other ‘direct-to-consumer’ brands." In...
- 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...
- 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,...
- 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...
- Jan 8, 2020
- 1 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, 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...
- 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...
- 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...
- Dec 23, 2019
- 1 min
Disclosure was a major factor in WeWork's inability to IPO
In 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, 2019
- 1 min
The risk of direct listings
In their article today for Bloomberg, Drew Singer and Jeran Wittenstein spoke with Triton's Rett Wallace to get his perspective on the...
- Dec 9, 2019
- 1 min
Bill.com capitalizing on popular trends
In 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, 2019
- 1 min
Alibaba and the promise of marketplace companies
In an appearance today on Bloomberg TV, Triton's Rett Wallace discussed Alibaba's $11 billion dollar Hong Kong IPO. This second IPO,...
- 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...
- Oct 30, 2019
- 1 min
The expiration of the share lock-up period
In his article for the Financial Post, Victor Ferreira highlights the impact on share price of the expiration of insider lock-ups on...
- Oct 16, 2019
- 1 min
Peloton 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, 2019
- 1 min
WeWork's losses accelerating in Europe
In an article for the Financial Times, Judith Evans reported on financial documents filed with London’s Companies House that show that...
- Oct 1, 2019
- 1 min
Market reaction to Peloton
In this morning's Smart Beta Insights post for ETF Trends, Ben Hernandez discussed the poor first-day trading performance of Peloton, as...
- Sep 30, 2019
- 1 min
The "harsh lessons" of 2019's IPOs
In 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, 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...
- Sep 27, 2019
- 1 min
Peloton is not WeWork or Endeavor
In 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, 2019
- 1 min
Unprofitable Companies Going Public
In a long-form published piece for Bloomberg, Esha Dey, Drew Singer, Ryan Vlastelica, Kristine Owram, and Mathieu Benhamou explored the...
- Sep 24, 2019
- 1 min
WeWork's new co-CEOs
In her article today for Fortune, Anne Sraders discusses the backgrounds of Artie Minson and Sebastian Gunningham, the two of whom will...
- Sep 24, 2019
- 1 min
WeWork firing Neumann doesn't fix problems with losses and opacity - Wallace
In an appearance today on Bloomberg TV, Triton's Rett Wallace discussed the future of WeWork following the resignation of CEO Adam...
- Sep 20, 2019
- 1 min
Rett Wallace on Bloomberg Surveillance Podcast
In the Bloomberg Surveillance podcast published earlier today, Triton's Rett Wallace appeared alongside Tom Keene to discuss WeWork's...
- 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...
- Sep 11, 2019
- 1 min
Peloton - A Shining Example of Good Disclosure
In 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, 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...