It's really the social bubble and consumer tech IPOs that are getting crushed, and those were always pretty obviously scams.
Guidewire is up over 80% even after the recent pullback, because it has a real business model and steady, recurring income. It'll probably get beaten down more by the lock up expiration over the next month or so, but I'd bet dollars to donuts it doesn't drop anywhere close to its IPO pricing.
Comments
It's really the social bubble and consumer tech IPOs that are getting crushed, and those were always pretty obviously scams.
Guidewire is up over 80% even after the recent pullback, because it has a real business model and steady, recurring income. It'll probably get beaten down more by the lock up expiration over the next month or so, but I'd bet dollars to donuts it doesn't drop anywhere close to its IPO pricing.