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San Francisco will have a large number of millionaires when start-ups go public

via:新浪科技     time:2019/2/11 10:02:27     readed:53

When your CEO rings the opening bell on the Nasdaq or New York Stock Exchange and the six-month ban comes, you're ready to cash in.

Judging from this year's IPO category, you are likely to live in or around San Francisco.

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Uber and Lyft in San Francisco have secretly filed listing applications. Last week, Slack and Postmates followed suit. Their neighbours Airbnb and Interest are expected to follow suit, but if the market turns, the listing applications of some of these companies may be pushed to 2020.

Due to the month-long suspension of the Securities and Exchange Commission, some IPO plans in 2019 have been postponed. At the same time, market volatility and macroeconomic uncertainty still pose risks, and government agencies may close again.

But technology stocks are brewing a second rebound, with trading volumes of large cloud computing companies approaching record highs, suggesting that investors prefer high-growth companies. According to the provision of free real estate valuation serviceswebsiteZillow reports that San Francisco is expected to release large amounts of money as the IPO pipeline becomes increasingly crowded, with a median home equity of $1.4 million.

Some of the tens of thousands of employees working for pre-listing companies will sell stocks and become emerging millionaires.

"Every 10 minutes on the road, a Ferrari passes by," says Bayer, who later worked for Google and helped the company complete its IPO in 2004.

"In terms of local wealth, we do not want to grow from zero to 80, but many large companies in the same region are providing liquidity to a large number of employees, which will certainly have an impact." "You can see some changes in restaurants or in car dealers," says Bayer.

In addition to the fact that there is no longer a "vest" (note: the use of false network identity for deceptive purposes), a big difference this time is that the secondary stock market has been established to allow employees and early investors to liquidate some of their shares ahead of time, which makes it unnecessary for them to fall into a complete dilemma while waiting for an initial public offering or acquisition.

Uber, Airbnb, Lyft and Interest provide employees with a variety of stock sales solutions.

"My clients are nervous about the upcoming IPO boom," Albuquerque said. "People want to sell their holdings before the IPO because they want to buy a house. They think that if I wait for an IPO to start, I have to compete with everyone.

Albuquerque said he was working with employees of more than a dozen companies, some of which were expected to go public this year, but he refused to give the employer's name because of a confidentiality agreement.

"Together, all these companies will provide billions of dollars in liquidity to ordinary employees, benefiting thousands of people, many of whom want to go to town," Albuquerque said.

The company has a longer history

"It's different from opening sluices and releasing floods," Ferveser said. "Liquidity will gradually be released... But as time goes on, the real estate market will become hotter and hotter.

She says suburbs and nearby cities such as San Jose and Auckland may feel pain. Partly because of the insufficient supply in San Francisco, but also because of the structure of these companies, most of which have existed for nearly a decade or more.

Airbnb was founded in 2008, following the footsteps of Uber and Slack a year ago. Pinterest was launched in 2010. Analytical firm Palantir, founded in 2003 and headquartered in southern Palo Alto, is also considering an IPO. They don't go public with companies with new employees in their 20s and 30s, but they have an older workforce that is more likely to settle down and form families.

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Gulf overcrowding

Freestyle has been looking for business elsewhere, partly because San Francisco is too expensive from an investment point of view. Felser said he was looking around the world for "wealth gatherings based on technological advantages", whether in Finland, known for mobile games, or Estonia, which is keen on encrypting currencies.

"Valuations are as high as ever," he said. "This is the unique feature of the Bay Area. If you invest in the same company and use the same metrics, the cost can be reduced by 30% outside the Bay Area.

Many people hold the same view. A survey released last Thursday by venture capitalists in Silicon Valley shows that the confidence of entrepreneurs is at its lowest level in nearly a decade. Some investors believe that the cost of living and operating in San Francisco is high and that smaller start-ups are faltering in competition.

"The supply and demand situation in the market is very bad, because the growth rate of listed companies is too fast, they rob all available employees in the market." Filser said that those listed companies had a large amount of "cash inflow", so their staff recruitment rate was faster and faster, and under the pressure of open market, they must grow faster.

But Bryant does not believe that capital will be outflowing in large quantities. Silicon Valley has gone through a cycle of boom and bust, but it always invests in itself. There is no reason why this trend should not continue.

"If you set up a company here, you can absolutely benefit from the concentration of interest, talent and resources," Biyane said. "When you go into a fashionable restaurant, you find that three-quarters of the conversations in the restaurant are centered around technology and start-ups." (Si Mei)

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