SpaceX shares made their long anticipated debut to the public market on Friday, June 12. The demand was unprecedented. Not only was it the largest offering in history after raising over $75 billion, but brokerage firm Charles Schwab also said it was the fifth most active day in their company’s 50-year history. SpaceX’s pre-open price […]
Alphabet (formerly known as Google) announced its plans Monday evening to raise cash by selling $80 billion in stock. We were surprised by the news, especially for a company that generates $165 billion in cash flow each year. Furthermore, they’ve only tapped the equity market twice before — once when it went public in 2004 […]
Google’s parent, Alphabet, is delivering strong results—yet shares are down almost 19% year-to-date. (Disclosure: Clients, Jeff Pollock, and Sunni Schneider are shareholders of Alphabet. No compensation was received to write this blog.) Last quarter, Alphabet reported: Despite these strong fundamentals, the stock trades at just 16x earnings, a meaningful discount both to the broader market […]
