"Apple’s 1980s prospectus was far less bloated than modern IPO filings, implying cleaner disclosure for investors to model."
Publish-day $311.23 · 06/04
The Numbers are in: A Post-Prospectus SpaceX Valuation!
Aswath Damodaran is being added to TickerReceipts' tracked-analyst index. 6 stocks are in their coverage scope; verified prediction data will appear here as videos are processed.
"Apple’s 1980s prospectus was far less bloated than modern IPO filings, implying cleaner disclosure for investors to model."
"Microsoft’s 1980s prospectus was under 100 pages, serving as a benchmark for cleaner disclosure versus modern bloated filings."
"Uber’s 2019 prospectus used a $5.2 trillion TAM that Damodaran calls “absolute fantasy,” illustrating TAM overreach in IPO materials."
"Airbnb’s IPO prospectus TAM was $3.5 trillion, described as about six times larger than hotel revenues—an example of TAM overreach."
"Spotify’s IPO-style structure is cited as an example where IPO cash went through the company to cover capex rather than only owners."
"Facebook’s IPO experience is used as evidence that a “rich” view can reverse as the stock falls from $36 toward $18."