The IPO process remains extremely flawed in our opinion. Each player at the IR table during the event has a short-term vested interest in the stock’s strong start, but not necessarily its long-term finish.
Worse, most IPOs initial shareholder profiles are made up of the same set of usual suspects – the banker’s best clients, momentum and hedge-funds – not long-term holders that are appropriate fits for the company’s long-term vision.
This is where Alpha IR comes in. We are the one long-term thinker at the table during the pre- and immediately post-IPO experience. Our leaders lived and consulted through the internet bubble, and are not afraid now, just as they weren’t afraid then, to challenge a set of metrics or messaging that won’t support the long-term story.