As the tech IPO bandwagon continues, journalists and investors are keeping score. The only problem is no one seems to have the same definition of success.
Was Zoom a successful IPO because its share price shot up 72% on its opening day and now trades 161% above its IPO price? What about the fact that the company sold relatively little stock? Or take Slack, which tried the novel approach of a direct listing. Its opening days were smooth but the price has slipped. What should we make of that?