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.
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