Why not IPO @zerodhaonline when you can potentially get ridiculous valuations?
Firstly, we think an IPO is the beginning & not the end. As soon as you have lakhs of conservative retail investors on your cap table, the obligations go up exponentially. 1/4
Firstly, we think an IPO is the beginning & not the end. As soon as you have lakhs of conservative retail investors on your cap table, the obligations go up exponentially. 1/4
We are in a world where companies are getting priced to perfection based on all the future growth potential. For a stock to do well, you have to outperform.
As CEO, I dread to think how you can outperform the already really high expectations that growth companies have today 2/4
As CEO, I dread to think how you can outperform the already really high expectations that growth companies have today 2/4
We have never set revenue or growth targets, always believed that if we can do what is right for the customer & if goddess of luck smiles, the rest will happen. Our core team dreads moving away from that philosophy to be in a chase all the time, which it will be after an IPO 3/4
The reason the chase is scarier is that broking has hardly any predictability. When someone asks me for a 3-year projection, I usually respond, can you predict what the Nifty Midcap index can do in 3 years as everything from our user to revenue growth almost mirrors that.😬 4/4
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