An IPO expert bats back at the narrative that traditional IPOs are for “morons”
https://techcrunch.com/2020/09/02/its-not-just-airbnb-an-ipo-expert-pushes-back-against-the-spac-frenzy-and-other-new-ways-to-going-public/
Lise Buyer has been advising startups on how to go public for the last 13 years through her consultancy, Class V Group. She built the business after working as an investment banker, and then as a director at Google, where she helped architect the company’s famously atypical 2004 IPO.
It’s perhaps because Google’s offering was so misunderstood that Buyer has come to think more highly of traditional IPOs over the years, likening herself to a golf caddie who has “played the course a whole lot of times” and can tell a management team what will happen in different circumstances.