On 11 Oct 2012, Shutterstock is officially a public company traded at the New York stock exchange.
Here is its stock price performance on its debut.
Its share price jumped 27% on its debut, comparing with Facebook's dismal debut and the subsequent crash, Shutterstock did much better.
As a contributor to Shutterstock, I am not sure whether having Shutterstock traded at NYSE is a good thing or a bad thing. Once it became a public company, then it has to show those quarterly financial reports, and must deliver returns to the investors, whoever they are. They will have to care more for share holders interest, rather than the contributors' interest. Does it also mean they will be more stingy when it comes to pay out to contributors as well? I can't tell the future, but everything is possible.
And as a contributor, nobody is getting any benefit from this IPO, we are not getting any shares in return.
Anyway, let's hope Shutterstock can continue to do well in this industry, where we had seen many going down hill. Hopefully as a contributor, we can gain something too.
Here is its stock price performance on its debut.
As a contributor to Shutterstock, I am not sure whether having Shutterstock traded at NYSE is a good thing or a bad thing. Once it became a public company, then it has to show those quarterly financial reports, and must deliver returns to the investors, whoever they are. They will have to care more for share holders interest, rather than the contributors' interest. Does it also mean they will be more stingy when it comes to pay out to contributors as well? I can't tell the future, but everything is possible.
And as a contributor, nobody is getting any benefit from this IPO, we are not getting any shares in return.
Anyway, let's hope Shutterstock can continue to do well in this industry, where we had seen many going down hill. Hopefully as a contributor, we can gain something too.
No comments:
Post a Comment