Mark Cuban Says It's “Just plain stupid” To Not Go Public
Mark Cuban, the billionaire business man who has had his ups and downs with public companies, recently spoke on stage at the Upfront Summit in Los Angeles to voice his concern about the lack of tech IPOs.
“I don’t understand the reticence to going public,” he said. “It’s just plain stupid.”
After a slow 2016, many are looking at Snap, Inc. to jump start tech IPOs in 2017.
One example Cuban discussed was AppDynamics. AppDynamics was supposed to IPO in January but it was acquired by Cisco in the 11th hour. “That’s bad for everybody,” Cuban said, implying that the acquisition was negative for the economy.
According to Cuban many high profile tech acquisition targets (including; Instagram, Oculus and Twitch) would have been better off as separate public companies. “They’d be much more in the public conscience” if they were on the stock market, he said.
Cuban echos a growing consensus in finance that -- "Fewer IPOs leave companies and investor missing out."
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