05/20/19

Beyond Meat — Don’t Burn That Fake Burger

If you have a hankering for a burger, then Beyond Meat may be for you, especially if you like plant protein burgers. Into the conversation, comes recently IPOed Beyond Meat.

BYND came public on 2 May 2019 at $25/share. Since then, the chart looks like the following. Hello, America!

From an Initial Public Offering price of $25/share, the first trade was at $46/share and the first day ended with the price $65.75/share. This was a 163% premium to the IPO price.

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05/13/19

UBER Surge Pricing

Hail, Uber! Uber went public last week with great fanfare befitting the third largest Initial Public Offering in US history. Hoorah, Uber! All hail Uber!

Then, they ran into reality and reality drowned them with surge pricing.

Uber came public at the low end of the proposed range (already a huge disappointment when compared to the investment bank courtship days) and promptly fell, making it the largest first day IPO loser in US history. Hello, America.

In fairness to Uber, the markets have been reeling with the US-China trade treaty negotiation news and the imposition of tariffs and retaliatory tariffs. [Trump’s fault?]

Lyft — a competitor — was also tanking adding to the cloud over the market and the IPO world.

Nonetheless, Uber has some problems.

Uber shares.

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04/3/19

Blue Apron and the Meal Kit Delivery Genie

Blue Apron — APRN NYSE — is a meal recipe/delivery company (OK, meal-kit delivery is the right buzz word, shoot me) that went public back in 2017. It was once upon a time a Unicorn. Here is what the stock has done since coming out at $10/share in July 2017 and thereby earning it a title as a $2B Unicorn. Bravo! Oh, wait. Belay that bravo, please.

stock chart

As you can also see, things have not gone so well since then. Most recently the last founder has shed the CEO role as the company brought in a new CEO, Linda Findley Kozlowski, the former COO of Etsy. [All of the founders have flown the coop now.]

Image result for images linda findley kozlowski

LFK left Etsy when they eliminated her position. She had been with them for three years. Folks fancy her an expert in eCommerce and consumer-focused business. She was also the COO of Evernote and the Director of Global Marketing and Customer Experience at Alibaba Group Holding, Ltd. Player, to be sure. Tough hill to climb.

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10/19/18

Uber Uber Uber alles

The hype has begun on the Uber 2019 IPO – initial public offering of stock.

A Wall Street Journal article suggests that underwriters are whispering that the number is $120B – $120,000,000,000.

Of course, this is what’s called the “courtship” proposal — guys (the usual suspects Morgan Stanley, Goldman Sachs) looking for the assignment telling the prospective client what they want to hear to get the job; still it is a huge number.

Uber CEO Dara Khosrowshahi has said the company is aiming for an IPO in the second half of 2019.

New CEO, Dara Khosrowshahi, likes the big number and says, “Bring it.”

Why does this trouble you, Big Red Car, you ask? Let me tell you.

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