Clarabridge Knows IPOs
February 26, 2016
i read “New Clarabridge Exec Says IPO the Way to Go.” Clarabridge, as you may know, is a customer experience company. There is some synergy between Clarabridge and MicroStrategy, which is in itself a potential topic for a mini-MBA review.
The point in the article which I highlighted in US currency green was this statement:
For his part, Banerjee confirmed Clarabridge is staying on course for an IPO. “We’re accentuating the path toward an IPO,” Banerjee said. “I’ll be tag-teaming with Yuchun.” Lee said he is pleased with the Lee-Banerjee partnership and said Banerjee is “still the visionary.”
Apparently the senior executives know that the time is right to unlock the value of the Clarabridge operation. On February 21, 2016, 24/7 Wall Street reported in “IPOs Continue Slo-Mo 2016 Start”:
Only four companies have been able to go public this year, all biotechs with substantial insider support. Broader market indices are down across the board, and multiples in the tech sector have been crushed. A whopping 74% of IPOs from last year trade below the offer price, and the year’s average return from IPO is -22%.
Does Clarabridge have a Tolkien seeing stone?
Stephen E Arnold, February 26, 2016
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