About this episode

Bill Cohan joins Peter to discuss the overvaluation in the I.P.O. market, focusing on Bending Spoons and Jersey Mike’s.

Bill Cohan joins Peter to make sense of an I.P.O. market that may be in way over its head. He discusses Bending Spoons, whose portfolio of old internet companies just went public at 35 times EBITDA, and Jersey Mike’s, the popular sandwich chain gunning for a $12 billion valuation. Bill explains why both are probably overvalued and evidence that Wall Street banks are willing to sell anything for a quick buck.

People in this episode

Host: Peter

Guest: Bill Cohan

Topics covered

• I.P.O. market
• valuation
• Wall Street
• Bending Spoons
• Jersey Mike’s
• financial analysis

Keywords

• I.P.O.
• Bending Spoons
• Jersey Mike’s
• valuation
• Wall Street
• EBITDA
• financial markets

Mentioned in this episode

Organizations: Bending Spoons, Jersey Mike’s, Wall Street

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