Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
28 Oct 2024 Acquired Meta
“Again, the chutzpah here. They raise $16 billion at a $104 billion market cap, making it (I think) the third largest IPO of all time at that point behind Visa, and ironically General Motors coming out of the bankruptcy during 2008.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 28 Oct 2024
- Publisher
- Acquired
- Episode
- Meta
Transcript context
…Was that motivated by someone? That feels like a hit? It feels like it must have been. I’ve never heard one way or the other, but: (a) why would you announce that publicly? (b) why would you announce it publicly right then? There’s for sure more to that story. Nonetheless, Facebook goes ahead. Thursday night, they price the IPO at $38 a share at the very top end of the range after the road show. Again, the chutzpah here. They raise $16 billion at a $104 billion market cap, making it (I think) the third largest IPO of all time at that point behind Visa, and ironically General Motors coming out of the bankruptcy during 2008. Which both of those are mature companies that are going public under weird circumstances. Those are not comps.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.