On Going Public: SPACs, Direct Listings, Public Offerings, and Access to Private Markets
Ben's Blog
MAY 24, 2021
For public investors in Facebook to achieve returns comparable to those of Microsoft shareholders, Facebook would need to reach a market cap of $500 trillion, a number that well exceeds the total global market cap of all listed stocks. In fact, if you exclude the Dot Com Bubble of 1999-2000, they have been steady for nearly thirty years.
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