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?

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Comments on “Webvan to IPO Next Week”

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Mike (profile) says:

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.

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