Wise valued at $11B in record London direct listing

reuters.com

7 points·ohmyblock··4 comments

Why are we talking about the market cap of a newly listed company on HN? I thought such stories 'mostly aren't substantive enough to make interesting HN threads' and are generally 'too repetitive to be interesting'.

See: https://news.ycombinator.com/item?id=27667772

I believe that comment was directed towards posts about price fluctuation of existing public companies, while this post is about the company going public. Previous listing posts have led to substantive discussion in my experience.

Disclaimer: I work on wise.

Wise broke a new record on their direct listing and so did another tech giant that just hit $1TN. Not only the fastest but a first for a company founded in this century and that is what you don't see every day.

Compare that to 13 days ago, MSFT was the second company to reach $2TN [0].

But that seemed to be fine by the HN crowd to be 'interesting' enough to discuss about even though I find that unsurprising and less worthy of attention than Facebook being the first and fastest $1TN company founded in the 21st century.

Since each of their IPOs, it took AAPL and MSFT 3 decades to reach $1TN. For FB? Less than a decade.

So the news of both Apple, Microsoft [0] [1] is fine but not Facebook? [2] It seems dang doesn't understand the gravity of this milestone for a public company like Facebook.

[0] https://news.ycombinator.com/item?id=27621539

[1] https://news.ycombinator.com/item?id=24210991

[2] https://news.ycombinator.com/item?id=27667464

it was valued $5B only one year ago

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