A few weeks ago I wrote an article detailing What It Takes To Become a Public SaaS Company from an operating metrics perspective. I looked back at 36 recent SaaS IPOs to benchmark everything from revenue scale, revenue growth, margin and expense structure and unit economics in an attempt to help SaaS entrepreneurs set their own goals around what would make them attractive to public market investors. Today I’m publishing Part 2 of this series. In this article I’ll try and demystify the IPO process to make it more digestible and understandable for everyone who hasn’t been through an IPO themselves. I’ll start by going over each step of an IPO process (which typically takes 6+ months), and then talk about what a successful IPO entails by benchmarking that same set of 36 (plus Agora who went public after part 1 was published!) businesses. I’d like to think I have a bit of a unique perspective here. I’ve spent time as an investment banker taking companies public, and currently work as a venture capitalist where I’ve had the pleasure of being along for the IPO ride as our companies go public!
Awesome write-up Jamin; seems like the next SaaS IPO could make for a good day trade if you can get in before the POP! Looking forward to the follow up post about direct listings.
Awesome write-up Jamin; seems like the next SaaS IPO could make for a good day trade if you can get in before the POP! Looking forward to the follow up post about direct listings.
Wow, this is such a neat write up! thanks Jamin, looking forward to the post on direct listing :)
Leave it to Jamin to demystify the IPO process so well. Please keep these coming
After reading this article, feels like i can manage an IPO; LOL! Good article, easy to understand;
Where do you see Blank Check Cos or SPACs come in?