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RE: WeWork Failed IPO is the Bubble Getting Pricked

in #dtube • 5 years ago

Softbank would be a huge loser as valuation is half as much as their seed phase! They will need to out in some more to avoid other early investors running to the exits! IPO cycle is almost done although we have Peloton coming up shortly.

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5 years ago in #dtube by
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     5 years ago  

    Hah, I had forgotten all about Peloton. Same story, but at least they are "only" valuing losing money at 1 billion.

    Peloton filed its initial prospectus last month. Documents showed while Peloton’s revenue is growing, its losses are widening. In the fiscal year ended June 30, Peloton reported sales grew 110% to $915 million from $435 million in fiscal 2018. Meanwhile, its 2019 net loss widened to $245.7 million, from a net loss of $47.9 million in the prior year.

    https://www.cnbc.com/2019/09/10/peloton-sets-ipo-range-between-26-and-29-per-share-looks-to-raise-as-much-as-1point2-billion.html

    We will see if investor appetite remains as lackluster I suppose.

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