There seems to have been a few big moves down among recent SaaS IPOs (Slack, Medallia, CrowdStrike).
Not sure why the market is suddenly fearful, though objectively these are mostly still overpriced.
Not sure why the market is suddenly fearful, though objectively these are mostly still overpriced.
People often make the mistake of comparing a company at $5 a share to a company at $100 a share as if all else is equal. In reality the company at $5 could be worth twice as much by having fewer shares outstanding.