Publicly Traded Target Companies
October 29, 2023
by a searcher from University of Oregon in Washington, DC, USA
Does anyone have any thoughts on targeting a publicly traded company?
October 29, 2023
by a searcher from University of Oregon in Washington, DC, USA
Does anyone have any thoughts on targeting a publicly traded company?
from The College of New Jersey in La Verne, CA 91750, USA
I am not a searcher - full transparency. However, we have a lot of clients who are publicly traded with low market caps that currently struggle with reporting requirements, cash burn, and are in painful positions with some of the bridge financing they've picked up in recent years. They spent a lot when money was loose and available to prepare for growth and have strong management teams, seemingly good products, etc. but now a limited path to commercialization without additional funding to help with marketing products, finishing development, establishing manufacturing capabilities, etc. These are more like VC investments, so are a bit different than the typical searcher target. However, from my perspective this segment of the market seems to have been over sold due to financial risk factors and generally negative investor sentiment toward growth-focused investment these days. Just my $0.02 based on what we've seen recently in the lower middle market public co space.
from The College of New Jersey in La Verne, CA 91750, USA