The IPO Whisperer Lise Buyer Talks Going Public
In this episode, Pete Flint and guest Lise Buyer discuss the shift from private to public investments, the rise of mega rounds, and the appeal and risks of SPACs. They explore the impact of the Robin Hood generation on IPOs, the importance of transparency for public listings, and share Google's IPO story.
Key Points
- Creating a successful IPO requires careful consideration of the company's ability to forecast earnings, close quarters efficiently, and maintain the right internal structures and personnel for operating in the public domain.
- Different IPO methods, including traditional IPOs, direct listings, SPACs, and hybrid auctions, offer unique advantages and challenges, allowing companies to choose the best fit based on their specific goals, readiness, and investor base.
- The current influx of SPACs presents a seller's market for companies considering going public, but founders should be cautious about valuation promises and ensure that SPAC sponsors will provide the necessary support post-IPO.
Lise Buyer, known as the IPO whisperer Pete Flint on the NFX Podcast to discuss all things taking a company public via traditional IPOs, Direct Listings, and SPACs.
Lise consulted on Trulia’s IPO in back in 2012 when Pete was CEO and Co-Founder. Previously, Ms Buyer was the Director of Business Optimization for Google Inc. where she was one of the chief architects of the company’s innovative IPO.
Lise shares her expert thoughts on:
- What has changed in public markets
- Why some companies should stay private
- When to make the decision of going public as a company leader
- What stays the same in a company after going public
- Building the infrastructure to go public
- & the differences between traditional IPO vs. Direct Listing vs. SPACs
Read the full NFX Essay here - https://www.nfx.com/post/new-world-of-going-public/
Chapters
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| 51:35 |
Transcript
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