Also in this playlist...
This transcript is automatically generated
How hot is group -- very up 40% it's actually off its highs earlier in the day this stock went public.
At twenty dollars a share that was actually higher than what people thought would be the offering price -- up 40% gain.
Can it continue.
Is that company worth that much money we're talking about it went out at a valuation at twelve point seven billion dollars in market value.
Joining me now from San Francisco with more and -- And is a member of the I've yet task force -- the government day in.
How do we know and how we know the well.
Let me back up do you think that group one is worth that.
It's a tough question I think it's obviously up 40% in -- in the early trading you know it's it's valued at extremely high value they're gonna have to.
Really produce the growth in the bottom line profits over time to justify that so I think their first quarter of earnings out of as a public company you're going to be highly scrutinized to see.
If they're continuing to grow as they -- -- the last three years.
Post launch what are you gonna be watching for in terms of yet what -- what happens with this stock over what period of time are we talking about days that we might see cracks weeks or months.
Well I think you know the stock in the first few days it looks like it's had a very solid debut up 40% that's.
Hopefully a good sign for the overall IPO market.
And it's not over exuberant like we -- on linked in with that a 100%.
First day pop so I think you know.
I'd expect -- to kind of drive trading in and around these ranges it seems like it's it's trading right now up around 40% and staying fairly stable.
It's really over the longer term you know and I said the first.
True earnings report.
After -- public is is going to be a real barometer of where it where might trade over time.
Yet -- what point though does that brought got any Malays.
Affecting the broader markets impacts some of these stocks that have held up quite well since our offerings -- look at the total return.
Since the names like even you know a zillow here.
Brad will people are looking for areas that they can get growth in this in this stock market so companies they continue to show good growth.
-- -- get premium valuations in this kind of market I would expect that Groupon.
Over time is gonna trade -- you know based on other market trends died.
Right now people obviously are buying into the growth story.
Great to see -- Carter had a terrific weekend thanks for joining me three hours ahead of not.
Filter by section