While in general, the IPOs of cloud companies have performed quite well during the past few years, not every deal has been a slam dunk. Some have been clunkers, and it’s reasonable to expect to see a few more as investor appetites for offerings grow.
I recently talked to Roman Stanek, founder and CEO of GoodData, for a little insight on the subject, and I found this quote helpful:
“A company needs to get to the point where the business is repeatable. In the enterprise world, this takes a long time. So if a company is not ready, an IPO can be the wrong move.”
So to separate the wheat from the chaff, let’s take a look at a couple examples of companies that might have been in this predicament, as well as a couple others that were battle-ready for coming public: