Scott Bok
speaker
484 appearances
1 recordings
1 series
first heard May 2025
last heard May 2025
Scott Bok’s voice in public audio — every appearance, attributed to the second.
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Appearances
And part of that is investment funds want to invest in bigger, more liquid stocks.
And part of that is there's more regulatory hurdles to being a public company.
And so it declined a lot.
So sometimes people will say to me, That really is difficult being a public company.
Do you regret that?
I'm like, no, I don't regret that because we all made a lot of money by going public.
And by the way, had a lot of fun as well.
So that was all good.
But I think for many companies, and the reason you s often see companies,
Companies go public, be public for some number of years, maybe get taken private by a private equity fund.
And then what happens?
Three to five years later, they take it public again, maybe in a slightly different form.
So that's the kind of yin and yang of the IPO market, which is that it's not forever.
You tend to do it for a period.
Well, and even more so, that's all true, but even more so, if you were a partner of Goldman Sachs before it went public about five years before we did, when you retired or sold your, you know, effectively sold your shares back to the firm, you got paid out of book value.
You know, the day it went public, I think it went public a like three times book or something like that.
So suddenly overnight the value of what you had tripled.
You can read histories of Goldman Sachs, kinda like the my my book is a a bit of a history.
Of the industry and see some of the tension over the years because you had generation after generation of partners who would reach retirement and get cashed out of book.
And then along came one generation that decided we're not going to get cashed out of book.
Showing 301–320 of 484 · page 16 of 25
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