In Barron’s November 20 cover story, “The Trouble with Unicorns,” Alex Eule discusses some of the finer points of venture-stage valuation that are often overlooked in the press. Travis Harms, Mercer Capital’s Financial Reporting Valuation Group Lead, explains that this article is prompted by the dual observations that (1) a large number of venture-backed companies are achieving unicorn status, and (2) despite a long bull market for public equities, IPO activity remains tepid. To read the full article in Mercer Capital’s Financial Reporting Blog, click: Barron’s Goes Unicorn Hunting. This article is republished from Mercer Capital’s Financial Reporting Blog. It…
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We have recently discussed the changing dynamics of the IPO market and startups’ shifting perspectives in regards to going public. Public offerings have not all gone wrong this year, but latest rounds of unicorn IPO flops appear to have dampened some investors’ outlook on the traditional IPO route. Nevertheless, unicorn investors still need liquidity and are turning to creative ways to get the IPO pipeline flowing again. To read the full article in Mercer Capital’s Financial Reporting Blog, click: Social Capital’s Backdoor Unicorn IPO. This article is republished from Mercer Capital’s Financial Reporting Blog. It is reprinted with permission. To…
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2015 was a strong year for FinTech. But, there are complexities in valuing venture-backed technology companies and the ability for market/investor sentiment to shift quickly. So, as Jay D. Wilson, Jr., vice president and senior member of Mercer Capital’s Depository Institutions practice, explains, it is important to have a valuation professional that can assess the value of the company as well as the market trends prevalent in the industry. To read the full article in Mercer Capital’s Financial Reporting Blog, click: Preferences and FinTech Valuations. This article is republished from Mercer Capital’s Financial Reporting Blog. It is reprinted with permission. …