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Why would you prepare for an IPO so quickly after closing a $950 million funding round? Is their burn rate that high?
by clofresh 16y ago
Why would you prepare for an IPO so quickly after closing a $950 million funding round? Is their burn rate that high?
- swombat 16y agoThey didn't raise $950m to extend their runway. No one raises this sort of money for that. They're already highly profitable. They raised that money to hire a metric ton of salespeople to expand the business even faster.
- qq66 16y agoBecause your stock is overvalued and you want to sell as much as you can in both private and public markets?
- clofresh 16y agoYeah, that was my hunch as well. Shit's gonna hit the fan once retail investors start biting on overvalued companies...