In light of Poshmark’s recent buyout, Matt Katz was featured in “What Poshmark’s $1.2 Billion Buyout Says About Fashion Dealmaking” in WWD about today’s changing investor expectations for IPOs.
Matt explains recent changes in the IPO market, “There were a lot of reasons for this frothiness in public markets. When the frothiness goes away, the downturn’s pretty dramatic, pretty quick. You’ve seen it for IPO markets. You’ve seen it in the activist market. You’ve seen it in the rejuvenation or restructuring markets.”
He elaborates saying, “These new players and new markets went public based on growth prospects. You anticipate and need accelerated growth above and beyond market growth in order for the IPOs to fundamentally return value.”
Read the full article here.
Brian Nordyke and John Rodgers highlight a four-step action plan to align interests and prevent further home insurance market deterioration in this Property & Casualty 360 article.
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John Rodgers, Jim Kane, and Jenny Halim highlight the importance of minimizing disruption and maximizing retained value when divesting entangled assets in this Insurance Thought Leadership article.
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From Pilot to Scale: Building the GenAI-Ready Organization
While GenAI today is in the public eye, early forms of AI have influenced the workplace for decades. AI appeared in the 1950s, with more practical applications emerging thirty years later. With advances in machine learning and natural language processing, AI’s role expanded. Most remember when GenAI took center stage in late 2022, with ChatGPT capturing the world’s attention. According to OpenAI, more than one million people signed up in just five days.
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