Introduction Back in 2018, when critical discussions on Direct Listings were still ongoing, BSIC published an article, walking the reader through the main aspects of this innovative path to market. At that time, markets were still waiting for the upcoming Spotify direct listing, which was raising several doubts in terms Read more…
Introduction 2018 was a somehow controversial year in IPO terms, with Q1, Q2 and Q3 building a strong momentum for companies to go public, and Q4 eroding the optimism recorded in the preceding timeframe. Unfortunately, 2019 has opened with the same negative outlook, with scheduled IPOs all throughout the world Read more…
Expedia; Market Cap: $16.6bn (as of 12/11/2015) HomeAway; Market Cap: $3.5bn (as of 12/11/2015) Introduction On November 4, Expedia, after a two-year partnership with HomeAway, announced the acquisition of the latter company for a $3.9bn cash and stocks consideration. With this acquisition Expedia will widen its portfolio of brands while, Read more…
This week we had the extraordinary opportunity to meet and talk with Sir Michael Moritz, Chairman of Sequoia Capital, who was at Bocconi to talk at the Lectio Inauguralis Rodolfo De Benedetti Chair in Entrepreneurship. Sir Moritz gave us a speech for about an hour, here we summarize the contents Read more…