Whose home run?

Tom Evslin today mentioned in passing how Google's float was "an IPO home run". This from a blogger who calls himself a VC!

Google floated at around $95 (according to Yahoo), and it's now $226 — an increase of over 130% in six months. What does that mean for the original owners? They got a darn lot less than they should have. In fact, the owners should have made 130% more from the offering, assuming Google's business now is pretty much the same as when they sold it. From their perspective, and their advisers', that's an IPO disaster.

Portrait of Matt Ryall

About Matt

I’m a technology nerd, husband and father of four, living in beautiful Sydney, Australia.

My passion is building software products that make the world a better place. For the last 15 years, I’ve led product teams at Atlassian to create collaboration tools.

I'm also a startup advisor and investor, with an interest in advancing the Australian space industry. You can read more about my work on my LinkedIn profile.

To contact me, please send an email or reply on Twitter.