Archive of UserLand's first discussion group, started October 5, 1998.

Re: Salon IPO--bombed baddly.

Author:Bill Morein
Posted:6/25/1999; 6:17:43 AM
Topic:Salon IPO--everyone's missing the point
Msg #:7813 (In response to 7795)
Prev/Next:7812 / 7814

10-15 bucks a share is what it probably would have been offered at by a normal IPO.

That has no meaning except in terms of the number of outstanding shares. The question that matters is whether Salon would have raised the same amount of cash while giving away less of the company (or more $ for the same %) under the normal IPO process.

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