“I’m going to suggest that any evaluation of an IPO should look more like a scorecard, where you evaluate the company based on the goals of an offering, weighted by their relative importance.”

Earlier this summer as the class of 2020 IPOs took off in a frenzy, Marker made the case for why the Day One IPO pop is highly overrated. Whereas a large day one pop fuels excitement and buzz, a lackluster spike or dip in the stock price is interpreted as anticlimactic and may harm a company’s external reputation. Venture capitalist…