The What, Who, and When with IPOs
a16z Podcast
OpenTable Team's Thoughtful Approach to IPO and Secondary Offers
The OpenTable team approached the IPO with a long-term perspective, aiming to ensure the success of the next two years rather than just focusing on the initial public offering. They strategically planned a small IPO with the intention of following up with a significant secondary offer. The team prioritized the success of the secondary offers and recognized the need for influential shareholders, such as Will Danoff from Fidelity, even in the small IPO.
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