Webvan to IPO Next Week

from the massively-overhyped-IPOs dept

Well, it's about time we had yet another massively overhyped IPO. Next week it appears the IPO of choice will be online grocery firm Webvan. For a company that's only been in business a few months, and can currently only serve one market (San Francisco Bay Area) I guess it makes sense that they think they're worth approximately $4 billion. And, I'm sure, by the end of the IPO the company will be worth even more. Bubble? What bubble?
Hide this

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.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  • identicon
    Eric, 2 Oct 1999 @ 1:47pm

    And what about Peapod?

    Webvan's 3.8 Billion(!) valuation is all the more questionable considering internet grocer Peapod is in eight cities with a market cap of 181 Million. Makes one wonder who's doing the math at Goldman Sachs...

    Either Webvan is ridiculously overvalued (but we knew that), Peapod is ridiculously undervalued, or both.

    link to this | view in chronology ]

    • icon
      Mike (profile), 3 Oct 1999 @ 5:52pm

      Re: And what about Peapod?

      Hell, they could both be overvalued, with Webvan just being ridiculously moreso overvalued... I don't think either company has shown that they have a successful business model in place... It wasn't that long ago that folks thought Peapod was on its way out of business entirely. All Webvan's done is proven that they know how to build hype. I still haven't figured out exactly what Webvan has over Peapod, but if you talk to folks around the Bay Area, everyone seems to like Webvan, but no one uses Peapod.

      link to this | view in chronology ]

      • identicon
        Achristopher Johnson, 14 Jun 2000 @ 5:00am

        Re: And what about Peapod?


        I would like to purchase webvan stock, how can i go about it??

        link to this | view in chronology ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.