The key to a successful listing, from a founder who’s done it
As such, they can better perform the valuation of complex businesses compared to market investors who rely mainly on the IPO prospectus. “In the IPO process you’re getting ready to be on the market,” Narminio says. “You’re marketing your firm to the public, you’re being transparent. As a founder, you maintain that independence and the market buys (or doesn’t buy) your stock.”“In the IPO process you’re getting ready to be on the market. “Just after we listed, the traditional SPAC investors wanted to sell their shares because the SPAC had acquired a new company.