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Business Quote by Daniel Lyons

“There was a time when a company could not sell its shares to the public unless its revenues were growing and it was turning a profit. Companies that lost money were deemed too risky for public investors.” quote by Daniel Lyons
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“There was a time when a company could not sell its shares to the public unless its revenues were growing and it was turning a profit. Companies that lost money were deemed too risky for public investors.”

Daniel Lyons

About This Quote

Source Article: The Wall Street Journal, “The Changing Landscape of IPOs”, 2018

Historically, public markets demanded revenue growth and profit, excluding loss‑making firms from listing.

In simple terms: Public markets once required profit to go public.

Key Takeaway

Recognize that growth metrics evolve.

Themes

finance investment risk market dynamics

Mood

analytical critical

Type

business financial

When to use this quote

  • startup fundraising
  • corporate strategy
  • investor relations

Key Concepts

IPO criteria capital markets

Questions to Reflect On

  • How do you assess a company’s worth without profit?
  • What alternative metrics can satisfy investors?
A Different Perspective

Modern markets now value growth potential over current profit.

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