> Companies like FireEye are in the red but have multiplied in market cap since going public.
FireEye debuted at $20. It hit a peak of ~$85 shortly after the IPO. Its closing price today is $28.76.
As of September, 40% of the companies that went public in the past year with market caps above $1 billion were below their offering prices[1]. The market for IPOs has become even tougher since September. Just look at Pure Storage[2] and CytomX[3].
In my opinion Square is getting out to market while they can.
FireEye debuted at $20. It hit a peak of ~$85 shortly after the IPO. Its closing price today is $28.76.
As of September, 40% of the companies that went public in the past year with market caps above $1 billion were below their offering prices[1]. The market for IPOs has become even tougher since September. Just look at Pure Storage[2] and CytomX[3].
In my opinion Square is getting out to market while they can.
[1] http://www.bloomberg.com/news/articles/2015-09-14/many-of-th...
[2] http://www.wsj.com/articles/pure-storage-trades-below-ipo-pr...
[3] http://www.bizjournals.com/sanfrancisco/blog/biotech/2015/10...