Zillow Inc Z isn't know for its penchant for dramatic headlines, but CEO Spencer Rascoff changed that today. In a series of epic tweets, Rascoff told his 23,100 followers just what he thinks about tech IPOs, and the challenges firms face before going public.
At one point, Rascoff even mentions Alibaba Group BABA specifically, and adds a bit of color regarding the e-commerce giant's upcoming IPO.
As Benzinga reported last week, Alibaba valued the transaction at more than $162 billion. That makes it the largest US IPO ever, BBC News estimates.
Without further ado, here's Rascoff's rant in all its glory:
1/ Interesting to think of recent tech IPOs & how investors' questions at #IPO time played out.
— Spencer Rascoff (@spencerrascoff) September 8, 20142/ I'm oversimplifying, but usually there are just 1 or 2 questions that #IPO investors debate on a new issue.
— Spencer Rascoff (@spencerrascoff) September 8, 20143/ The q for $FB IPO was mobile monetization. Investors at #IPO time disagreed on their chances on mobile.
— Spencer Rascoff (@spencerrascoff) September 8, 20144/ Clearly $FB “figured out” mobile monetization, and #IPO investors who were long $FB benefited.
— Spencer Rascoff (@spencerrascoff) September 8, 20145/ The q on $TWTR #IPO was about potential audience reach and explaining the service to newbies.
— Spencer Rascoff (@spencerrascoff) September 8, 20146/ Secondary question at $TWTR #IPO was on mobile monetization.
— Spencer Rascoff (@spencerrascoff) September 8, 20147/ Some are still debating those $TWTR #IPO questions, but I am bullish and have put $ where mouth is.
— Spencer Rascoff (@spencerrascoff) September 8, 20148/ The q on $LNKD #IPO was whether the service could go mainstream & be useful to non-job-switchers.
— Spencer Rascoff (@spencerrascoff) September 8, 20149/ Clearly $LNKD #IPO investors who were long got it right.
— Spencer Rascoff (@spencerrascoff) September 8, 20149/ Clearly $LNKD #IPO investors who were long got it right.
— Spencer Rascoff (@spencerrascoff) September 8, 201410/ The question at $ZNGA & $KING #IPOs was whether they were hit-driven. Early results not looking good.
— Spencer Rascoff (@spencerrascoff) September 8, 201411/ Main question at $ZU #IPO was about their ship-times (too long?) and impact on total addressable market.
— Spencer Rascoff (@spencerrascoff) September 8, 201412/ The question at $TRUP $SSTK $CRCM & $GPRO #IPO was about market size.
— Spencer Rascoff (@spencerrascoff) September 8, 201413/ The question at $GRPN #IPO was about “deal fatigue” & transition to “push” ecommerce.
— Spencer Rascoff (@spencerrascoff) September 8, 201414/ $CHGG #IPO was about their transition to digital.
— Spencer Rascoff (@spencerrascoff) September 8, 201415/ Question at $YELP #IPO was about $GOOG threat and market size
— Spencer Rascoff (@spencerrascoff) September 8, 201416/ $P #IPO was about $AAPL & @spotify threat, + mobile monetization.
— Spencer Rascoff (@spencerrascoff) September 8, 201417/ $AWAY #IPO was about their switch from paid listings to commission model
— Spencer Rascoff (@spencerrascoff) September 8, 201418/ $GRUB #IPO was about @grubhub @seemless M&A integration, + market size
— Spencer Rascoff (@spencerrascoff) September 8, 201419/ $ANGI #IPO question was about sustainability of charging for content.
— Spencer Rascoff (@spencerrascoff) September 8, 201420/ Alibaba $BABA #IPO debate will be about valuation and transparency of financials.
— Spencer Rascoff (@spencerrascoff) September 8, 201421/ My point is with all of these IPOs: the debate among investors at #IPO time was usually the right one.
— Spencer Rascoff (@spencerrascoff) September 8, 201422/ Different investors came out with different perspectives on the fundamental issue facing an #IPO.
— Spencer Rascoff (@spencerrascoff) September 8, 201423/ Over the following 1-2 years post #IPO, the answers became obvious.
— Spencer Rascoff (@spencerrascoff) September 8, 201424/ #IPO investing is not for the meek.
— Spencer Rascoff (@spencerrascoff) September 8, 201425 / #IPO twitterstorm complete. ###
— Spencer Rascoff (@spencerrascoff) September 8, 2014© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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