thekrazykobra.bsky.social
Retired investment banker. Fulham FC fan. Apprentice Content Creator. 2 Legit 2 Quit. “Sous les pavés la plage” https://www.ft.com/craig-coben https://www.globalcapital.com/author/craig-coben
👤 Joined on 25 October 2023
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@thekrazykobra.bsky.socialAbsolutely this. Probably because imagining a successful IPO is basically “upside to underwriting case is coming true” for sponsors which makes it really hard to reward ecm desks that stress risk management, ability to rescue derailing processes and other pesky downside aspects like that
Show PostGreat introspective writeup by an ecm banker but there just is no way to overstate how terrible the valuation slides in ipo pitches are for expectation management / strategic decision making… and an aborted IPO is still better than a failing listing
Show PostNice piece, but tiny violins too
Show PostWhy the IPO market is booming and busting - @thekrazykobra.bsky.social column here as.ft.com/r/573ca837-6...
Show PostExcellent article. TL;DR -> if you fuck up, be honest about it
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