Benchmark General Partner Bill Gurley on the IPO Market & Earnings Exclusives with Coupa CEO & Marvell Technology CEO
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 8 June 2021
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | I'm Deerreboza, and you're listening to CNBC's Tech Check. |
| 0:03.5 | Our show is live weekdays at 11 a.m. Eastern. Listen in. Good Tuesday morning and welcome to Tech Check. |
| 0:28.2 | I'm Deer Joezzo with John Ford and Carl Kentania. |
| 0:31.1 | Today, the view from above the crowd, an exclusive with benchmarks Bill Gurley in just a moment, |
| 0:37.3 | then tearing down the |
| 0:38.2 | walled garden. |
| 0:39.5 | Daring fireballs, John Gruber breaks down WWDC with us next. |
| 0:43.8 | And finally, meme stocks, they are spiking higher, led this time by Chimoth Palahapitia's |
| 0:50.0 | Clover Health. |
| 0:51.2 | Clover is up 80% but we're also seeing big gains in amc blackberry and |
| 0:56.8 | game stop as well john yeah we're also watching shares of marvell tech which is up about three |
| 1:02.8 | and a half and cooper which is down almost seven both CEOs set to join us in earnings exclusives |
| 1:08.5 | later this hour. |
| 1:18.1 | John, in the meantime, we're going to be talking to Bill Gurley this hour, who has come out as a trying to frame deed the discussion between the going public process. |
| 1:24.3 | There's IPOs, which he's long been critical of, the overall process, |
| 1:28.1 | versus direct listings. And in his view, we need to be moving to a world in which direct |
| 1:32.8 | listings are more of the norm, given the way he argues IPOs are dramatically underpriced. |
| 1:38.9 | He's been written about this recently. We'll ask him what the catalyst was for this new |
| 1:43.0 | flag in the ground, but it's really intended to move the discussion of how companies go public through what process |
| 1:48.7 | and at what price. And it's good timing. We are, John, seeing more and more companies go the direct |
| 1:55.6 | listing route. We are seeing more gains from direct listing companies as well. |
| 2:01.6 | But it's been a bit of a controversial issue in the Valley. |
... |
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