Powerful figures are gathering 2,500 miles from Wall Street to redesign one of its oldest and most lucrative businesses — but few from the industry will have a seat at the table.
“I’m not anti-banker, I’m pro-algorithm,” Bill Gurley, a general partner at venture capital titan Benchmark who is one of the meeting’s organizers, said in a phone interview. He said investment bankers are largely uninvited. To be sure, investors expect IPOs to feature first-day “pops” in price that reward the risk they take supporting a market debut. Yet while companies going public sometimes appreciate the positive press and the demand that such rallies create for future offerings, some entrepreneurs have lamented the money left on the table that could’ve gone into operations instead of speculators’ pockets.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Business Maverick: AB InBev’s Asia Unit Opens Higher Despite Gloomy IPO MarketThe Asia-Pacific beer unit of Anheuser-Busch InBev NV gained as much as 2.2% in its Hong Kong trading debut, in a rare bright spot for the dim global market in initial public offerings.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
Business Maverick: Unemployment down, but wage growth stagnatesThe rapid growth of technology and automation, the rise of outsourcing, globalisation and uncompetitive labour markets are forcing governments and individuals to reassess the skills they have and the skills they need.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
Business Maverick Op-ed: WeWTF, Part DeuxSo, the mother of all party crashers took a dump in the We IPO punch bowl. The crasher? Math. The autopsy will show the shelving of this IPO was death by S-1.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
Business Maverick: Monday, September 30: Five Things You Need to Know to Start Your DayHong Kong suffers one of the most violent days since protests started, China vows to continue opening its financial markets, and traders expect another Australian interest rate cut. Here are some of the things people in markets are talking about today.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »