United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Why more small companies avoid IPOs

SFGate Friday, 7 December 2018
Ryan Smith spent years planning to sell shares of his software company, Qualtrics, on the stock market, meeting with bankers, carefully auditing financials and shaping a Wall Street-friendly narrative about the company’s prospects. Two weeks ago, the finish line was close, with a listing on the Nasdaq just a few days away. But shortly before a staff meeting to update Qualtrics’ employees about the public listing, Smith received a phone call from Bill McDermott, chief executive of SAP. “It’s on,” McDermott told Smith. Smith then stunned Qualtrics’ workers with a totally different message: SAP had agreed to buy the company for $8 billion in cash, nearly double the valuation bankers had set for the company’s public listing.
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

China's orgy of consumption I Companies [Video]China's orgy of consumption I Companies

► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Jack Ma's Alibaba took a small anti-Valentine's day celebration and..

Credit: Financial Times     Duration: 01:30Published

Confusing signals for US small caps [Video]Confusing signals for US small caps

► Subscribe to FT.com here: http://on.ft.com/2eZZoLI Miles Johnson explains how investors in US small companies have reacted differently to the US election depending on if they hold debt or..

Credit: Financial Times     Duration: 02:43Published

Trump's Winners and Losers [Video]Trump's Winners and Losers

► Subscribe to FT.com here: http://on.ft.com/2eZZoLI John Authers reports on the biggest moves since the election: victors include small companies, the US, and the dollar; but rate expectations..

Credit: Financial Times     Duration: 01:16Published

SME lending after the financial crisis | View from the Top [Video]SME lending after the financial crisis | View from the Top

► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs The British Business Bank was established in the wake of the financial crisis to help small and medium-sized companies. The..

Credit: Financial Times     Duration: 07:41Published

How the UK's JCB Took On the World | The FT [Video]How the UK's JCB Took On the World | The FT

► Subscribe to the Financial Times on YouTube; http://bit.ly/FTimeSubs Manufacturing editor Peter Marsh talks to chairman Sir Anthony Bamford about the survival of his private, family-owned..

Credit: Financial Times     Duration: 06:30Published

Business 'Brexodus': How no-deal uncertainty is hurting small companies [Video]Business 'Brexodus': How no-deal uncertainty is hurting small companies

Business 'Brexodus': How no-deal uncertainty is hurting small companies

Credit: Euronews English     Duration: 05:10Published

Families protest Wells Fargo for financing companies involved in immigrant detention [Video]Families protest Wells Fargo for financing companies involved in immigrant detention

A small group of protesters gathered in front of the Wells Fargo bank location at the corner of Fayette Street and St. Paul Street to speak out about the financial institution’s ties to the detention..

Credit: Rumble     Duration: 01:05Published

These are Jim Cramer's 5 Stocks to Love on Valentine's Day [Video]These are Jim Cramer's 5 Stocks to Love on Valentine's Day

Even stocks need some love Jim Cramer listed the five stocks to love on Valentine's day. Care to take a guess? "FAANG," Cramer responded when asked about his stock picks. FAANG is comprised of Facebook..

Credit: The Street     Duration: 02:26Published

'The Government Shutdown Has Created an Overhang of Large IPOs,' Says Jim Cramer [Video]'The Government Shutdown Has Created an Overhang of Large IPOs,' Says Jim Cramer

What can we expect post-shutdown? Jim Cramer believes the government shutdown has created an IPO overhang that could impact stocks such as the FANG stocks. His biggest worry in the next two months? The..

Credit: The Street     Duration: 02:17Published

Hasbro, Mattel Earnings Offer Key Insights to Toy Stock Traders [Video]Hasbro, Mattel Earnings Offer Key Insights to Toy Stock Traders

Hasbro and Mattel results might not look similar, but brought together they offer a key insight into the toy trade for investors. That key factor is an idea of just how much each company is levered to..

Credit: The Street     Duration: 01:07Published


Tweets about this


Other recent news in Business

GOLDMAN SACHS doesn't think Apple can compete with Samsung's new foldable phoneSouthwest has canceled hundreds of FLIGHTS because of weather and maintenance issues — and passengers are furious (LUV)
KRAFT HEINZ fed investigation and a $15.4 billion write-downApple And Goldman Sachs Will Reportedly Launch An IPHONE-Connected Credit Card
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest