The NYSE/Ipreo Private Company CFO Summit hosted 50+ CFOs of later stage private companies to hear from leading investors in the capital markets and CFOs from renowned organizations that have successfully taken their companies public.
On May 23, 2017, representatives of more than 50 late stage private tech and growth companies gathered at The Battery in San Francisco to attend the first-ever Private Company CFO Summit hosted by the NYSE and Ipreo.
The event was inflected with a uniquely private company perspective, including a Keynote Speech delivered by Laurence (L.T.) Tosi, CFO of Airbnb and Former CFO of Blackstone. At Blackstone, L.T. led the firm through its early years in the public markets and in that time, drove the IPO process for more than 15 of Blackstone’s portfolio companies; at Airbnb, L.T. has led the company through multiple rounds of high growth financing, and brought that experience to bear in addressing three topics: First, how to manage sustainable growth in the transition to scale from the entrepreneurial-stage; second, IPO best-practices; and third, the criticality of translating pre-IPO valuation to aftermarket value.
Other highlights included a panel on what investors are looking for throughout the corporate lifecycle. Attendees heard insights from a cross-section of leading investors including BlackRock, KKR, and Bessemer Venture Partners. The event also featured a Fireside Chat with previous and current CFOs who navigated the waters from private to public markets at LinkedIn, Yelp and Penumbra where they discussed key lessons learned along the way.
The NYSE and Ipreo Private Company CFO Summit was launched to support the complex problems that private companies face today. As companies find it easier to raise capital in the private markets, the number of public listings has dropped precipitously over the last decade. Along with the capital injection into the private markets, new hurdles continue to arise such as increased regulation and scrutiny, stricter accountability, and skyrocketing valuations. As such, a combination of managing these issues and preparing a company for a possible public listing as the new issuance market thaws, private company CFOs are looking for new ways to manage these processes.
“As private companies continue to face unprecedented challenges, the NYSE is well positioned to support entrepreneurs and their company’s long term vision,” said Douglas Chu, VP and Co-Head of Listings of NYSE. “By aligning with Ipreo, we are transforming the private markets to become an even more connected ecosystem with technology as the backbone, driving greater transparency and efficiencies than ever before.”
“The Private Company CFO Summit is a rare opportunity to learn, share, and network with an elite group of private capital participants,” said Scott Ganeles, CEO of Ipreo “As our solutions and client community expand, we’re bringing together a broader spectrum of market participants than ever before, and the resulting exchange of ideas is invaluable.”
“It has been great to meet with people facing the same challenges as myself.”
“I was really impressed with the content, the attendees, and the venue.”
”Excellent idea. Great to meet other CFOs in similar investment stages to exchange unique experiences and best practices. Would come again!”
For more information on the NYSE/Ipreo Private Company Summit or relevant upcoming events, please contact email@example.com
Ipreo is a leading global provider of financial services technology, data, and analytical services, supporting all participants in the capital-raising process including sell-side professionals, finance officers at private and public companies, institutional investors, and asset managers. Ipreo’s solutions for private capital markets are the premier choice for the private capital industry to address growing pressures for transparency and regulatory compliance. Our full range of products offers solutions for portfolio assessment, valuations, investor reporting, operating metrics, or investment performance. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 1,100 employees serving clients in every major financial hub around the world. Learn more at PCM.Ipreo.com.
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