Following a turbulent windup, Utah's Domo stock sails on IPO

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  • ConservativeCommonTater West Valley City, UT
    June 30, 2018 10:00 a.m.

    "Headlines included, "Hype and plunder: This high-tech company may be setting a new low for self-indulgent IPOs" from a Los Angeles Times story, and "Here's the poster child for Silicon Valley excess" on a Bloomberg piece on the company's IPO plans."

    It sounds like the reputation of businesses in Utah County preceded the offering. They are losing money and "hope" to improve their ratios?

    "Hope" is only a good business plan in Utah, right after prayers don't work. Maybe they can turn this around, but I'm not betting my money on it.

  • bleedred13 Provo, UT
    June 29, 2018 7:47 p.m.

    At their current rate of cash burn, Domo will need additional funds in fewer than five quarters. Unless Domo turns around quickly - and there are no signs that these cash flow issues are being remedied - investors will quickly face dilution or the company will need to take on debt (undesirable when you're not profitable).

    June 29, 2018 6:27 p.m.

    Domo represents a lot of Utah jobs, I hope it works out in spite of my misgivings.