Ben Holmes
Ben Holmes
Ben Holmeswas an American film director and screenwriter. He directed 56 films and wrote for 35...
crazy supposed work
It's been a crazy week. Everything that was supposed to work flopped.
almost becomes blue darling instant position takes
It takes the position of an instant blue chip. It becomes an institutional darling almost immediately.
disastrous environment might tough
It's a very tough environment for drug approvals right now. It might have been as disastrous without the changes.
complete diversity looking
What's notable, just looking at the list, is the complete diversity in the names. We've got the whole range.
driving matter offering percent runs trading
When an offering is priced at $17.50 and runs up 50 percent in a matter of minutes, it's trading forces, not fundamentals, driving it.
burning few holding last learned left market people
A lot of people were left holding the burning carcasses of those companies. We've learned a lot in the last few years. The market has become more selective.
few fighter kicking price size watching
They had two price reductions and a size reduction, ... It's like watching a fighter go down and then kicking him a few times.
align business large near nowhere product unique
Align is more of a speculative play, it's a young business and they are nowhere near profitability. But they have a unique product in a large marketplace.
company ibm market people putting weight
There were a lot of people putting weight in the IBM decision. But the first company to market with this wins.
anybody ball conditions due excuse good market paper pen poor pulling shopping
Anybody with a shopping cart, ball of twine and pen and paper could do an IPO in this market, ... Pulling your IPO due to market conditions is a pretty poor excuse - this market is as good as it gets.
book deal relationships tap tough
This is going to be a tough sale. They're going to have to tap into their book of relationships to get this deal done.
absent deal example good held knew launch market timing until
This is an example of an experienced underwriter timing the deal in all but an absent market. They held back until they knew it was a good market to launch the IPO.
bring held patent since
This is a patent they held since 2000, ... Why bring it now?
almost becomes bulk darling excitement internet surrounds though
I think there's an excitement that surrounds the whole Internet component, even though it's still not the bulk of what they do. But it also becomes an institutional darling almost immediately.