Big Technology Podcast Tech IPOs Are Back, Google's In Court, Tom Brady's Working For Delta
Sep 15, 2023
Ranjan Roy, a tech news contributor at Margins, joins for a lively dive into the tech scene. They discuss the resurgence of tech IPOs, with Arm's impressive debut sparking optimism. The impact of pandemic valuations on companies like Instacart is explored, alongside the shift of all businesses into advertising. The conversation turns to Google's ongoing antitrust battles and the hefty sums spent to keep its search engine dominance. Plus, a quirky note on Tom Brady's new role with Delta and what's buzzing around the iPhone 15!
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Tech IPOs Return
- Tech IPOs are returning after a two-year hiatus, signaled by Arm's successful IPO with a 25% jump.
- This positive sign might encourage other tech companies to go public, despite the debate on IPO pricing strategies.
IPO Pricing Strategies
- A stock popping on IPO day might not indicate company success, but rather bank pricing strategies.
- Ideally, pricing should benefit long-term shareholders instead of short-term retail investors.
Instacart's Valuation Drop
- Instacart's private market valuation was inflated at $39 billion, but its upcoming IPO suggests a more realistic $8.9 billion valuation.
- This significant drop raises questions about the logic of private market valuations and whether current IPOs are celebratory or desperate exits.