All posts in liquidity
Europe's tech IPO market: Where's Santa?
Just when it felt like the market for European tech IPOs were opening, the events of the past few weeks have dashed those hopes. Days after Deezer announced the delay of its initial public offering, HelloFresh drew the same conclusion. In France, the only notable IPOs of late were Amundi and ShowroomPrivé. The asset management […]
Rude VC: Part 2 of the Alternext liquidity conundrum
Last week I wrote a fairly critical piece about France’s IPO market for tech firms. Specifically, I claimed that the Alternext, which is the main market on which VC-backed tech firms can go public in France, does not represent an adequate avenue for sustained financing and liquidity potential for these firms. Rude maybe, but surprisingly […]
Rude VC: 3 broken arrows of growth capital in France
The other day during a stimulating conversation with five of French tech’s movers and shakers, the subject came up about the challenges facing high-potential tech firms in need of growth capital. Setting aside the Yahoo/DailyMotion debacle for a moment (which I fear will carry disastrous long-term consequences for cross-border m&a, one of the three ‘arrows’), […]
Rude VC: To IPO or not to IPO? – Going public in France
Forgive the bastardization of Shakespeare’s Hamlet, because when it comes to French tech IPO’s, one could argue that MacBeth is more appropriate (“Double, double, toil and trouble. Fire burn and cauldron bubble…”). In my last two columns we reviewed the basics of IPO’s and examined some of the challenges that venture-backed companies like Facebook confront in […]