OpenTable IPO Shows That Dumb Cash Is Starting To Look For New Investment Vehicles
from the good-or-not? dept
There's been lots of buzz in Silicon Valley thanks to OpenTable having a 1999-style IPO, where the stock popped 70% on the first day (which, means that OpenTable effectively left a huge chunk of change on the table). But, of course, many people are asking if this finally means that IPOs can come back in fashion for venture-backed startups. Just a few weeks ago, we discussed how some believed that tech IPOs were primed to come back, though I was (and still am) skeptical. As the first link above shows, looking at OpenTable's financials makes you wonder how anyone would invest at the dollar value it hit. It makes little sense. So, this could just be an anomaly, as investors who have been sitting on cash for too long and are desperate to find different places to dump it got excited about a "new" tech IPO. But, unless the companies going public have better fundamentals, it seems like they'll start finding better places to put their cash. Instead, this seems like those sitting on too much cash venting a little steam just because.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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How soon after an IPO before you can short it?
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They're cashing out:)
As soon as restaurants realize OT is taking taking away traffic from their website (why go back to the restaurant website?) by converting the restaurant's website visitors to theirs and charging them for it at the same time...there will be some backlash. We fit the replacement bill nicely;)
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RE:
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Re: Shorting OPEN
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Re: Re: Shorting OPEN
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Re: They're cashing out:)
br
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