ThoughtSpot stock and IPO prospects
I've been recently contacted by equity buyers, and the bid prices are abysmal, 8 bucks per share. Is the company going down or something? How's their business? #thoughtspot #ipo
ThoughtSpot’s a 0
That's a big statement, wanna elaborate?
FYI, not familiar with you guys so I went to your website to see if I could figure out their angle - but your site's been down for the last 30 minutes. #SELL
Sounds about right. My manager and some folks I work with pretty much know the company is a sinking ship. Leadership is basically a meme at this point.
Are customers churning? Or is profitability the problem?
Both
Always 2years away.
Worth selling at this point. Damn the leadership for holding out on IPO for so long, guess they got theirs.
Yes, they blocked many things not just IPO
Any improvement in price since then?
I was offered $7.50 about a month ago, which is a joke compared to the "projected" $4.2B valuation stated since 2021 in PAVE
What’s even more concerning is that insiders are selling at that. That puts them at a lower valuation than early 2020.
Did you get stock options or RSU?
Options, exercised