‘It’s hard to be a $7 billion company’: The investment banker’s diagnosis for ad tech’s public woes
Public ad tech is disappearing and an investment banker just explained why.
In a recent interview at Exchanewire's ATS London conference, investment banker Josh Wepman, managing director of technology investment banking at Houlihan Lokey, shed light on the challenges faced by public ad tech companies. Wepman suggested that the issue lies not in the performance of these companies, but rather in their size.
He pointed out that many publicly-traded ad tech firms struggle to attract investment dollars due to their relatively small market capitalization, making it difficult for them to meet the requirements of major indices and mutual funds. Wepman emphasized that being a $7 billion company is a significant challenge, as it becomes increasingly difficult to attract the necessary investment to fuel growth and compete in the industry.
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