Inside Loudcloud's IPO

from the ugly-process dept

The Wall Street Journal (reprinted at MSNBC) has a good article looking behind the scenes of the Loudcloud IPO. It’s not a pretty picture. Things seemed to get worse and worse, and very few investors were actually interested. Loudcloud’s management actually had to buy in on shares at the IPO price just to keep it pumped up. Some very small investment firms – who often can’t get the big guys to return their calls – were suddenly fielding calls from Goldman and Morgan Stanley trying to drum up interest in the IPO. I like how at the end some people try to spin it as a successful IPO, even though it’s well below the valuations that the mezzanine round of financers came in at.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...