News for hackers. Stuff that matters.

A comment on Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley. Parent comment

Re:Postmates’ new IPO delay indicates Wall Street is turning... by pbreit on Tuesday October 08, 2019 @09:33PM (#21199124)
DPOs do not preclude company from raising money. Slack did.
[ Parent | on HN ]
Re:Postmates’ new IPO delay indicates Wall Street is turning... by paxys on Tuesday October 08, 2019 @10:01PM (#21199270)
No that is exactly what a DPO means. Slack did not issue new shares or raise any money when it went public.
[ Parent | on HN ]
Re:Postmates’ new IPO delay indicates Wall Street is turning... by tomnipotent on Tuesday October 08, 2019 @10:15PM (#21199364)
No, it doesn't. Companies can still issue and sell new shares during a DPO. Where did people get this silly idea that companies do not raise capital during a DPO?

Slack simply chose not to do so.

[ Parent | on HN ]
Re:Postmates’ new IPO delay indicates Wall Street is turning... by pbreit on Tuesday October 08, 2019 @10:28PM (#21199419)
I thought it was more but Slack did issue at least 1.2m new shares in the offering.
[ Parent | on HN ]