How to Value a Company by Analyzing Its Customers
McCarthy, Daniel
Primary Author
Fader,Peter
Primary Author
mixed material
bibliography
Massachusetts
Harvard Business Review
2020
en
English
P.51-55
Majalah Harvard Business Review
In the weeks leading up to the initial public offering of apparel retailer Revolve Group, in June 2019, investors struggled to come up with a fair valuation. Several recent IPOs—most notably those of the ride-hailing firms Uber and Lyft—had been disappointing. Revolve had delayed its IPO for months because of a downturn in the stock market. Despite the headwinds, its IPO was priced at $1.2 billion—and it exploded by an additional 89% on its first day of trading, making it one of the best first-day IPO performances of 2019. The spike brought the company’s valuation to roughly 4.5 times its revenue over the previous 12 months—five times the multiple of its apparel-retailing peers and more akin to that of a technology company. What happened, and why did investors originally fail to see just how strong a firm Revolve was?
Customer Satisfaction
Brand Awareness
NONE
00178012
Perpustakaan - Sekolah Tinggi Manajemen PPM Pusat Informasi Manajemen
HBRJAN2020-01
Reference (Majalah)
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2020-01-15 13:38:15
2025-10-02 12:33:46
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