by Dan Primack
How Should We Judge VC-Backed IPOs?
Posted on: March 18, 2010 by Dan Primack6 Comments »
When Financial Engines shot up 44% Tuesday in its first day of trading, media reports termed it a “home run” and lauded the “best IPO performance in months.”
In response, Benchmark Capital’s Bill Gurley wondered via Twitter if a better characterization would have been that the Financial Engines IPO was “poorly executed/priced.”
Leaving aside the fact that Gurley portfolio company OpenTable jumped nearly 60% on its first day of trading, the comment reminded me that we still don’t have a near-perfect way of judging IPO success.
