Thread regarding SAS Institute layoffs

@3n7+1jr925jv8

There are many affordable clinics that can assist you with getting the help that you need.

Dr. G is a HUGE supporter of the guy in office who openly states that he wants to tank the economy (the one thing he's succeeding at), have a future for the US focused on unskilled work like assembling phones manually, while destroying the sciences and engineering. Heck, yesterday, he said parents are simply going to just buy their kids a lot fewer toys because the future is going to be that bleak. Intentionally.

He doesn't get his IPO? Boo-hoo. He voted and donated to destroy his own country's economy and to destroy his own industry. Karma's a B.

Gee, wonder if anything big has happened on Wall Street since that article was published?

SAS should be much more worried about AI agent technology from cloud platform giant like this: https://labs.google.com/code/dsa

(Shocked face)

The IPO was never going to happen either way. SAS is bleeding cash with still no growth. A sale will happen in the next 12-18 months (for a discount).

It's nothing concrete. Just speculation and conjecture.

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Tariffs crush IPO market for Triangle firms

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Lauren Ohnesorge
By Lauren Ohnesorge – Senior Reporter, Triangle Business Journal
Apr 7, 2025
Updated Apr 7, 2025 5:55pm EDT

Listen to this article
3 min

Story Highlights
SAS's IPO plans impacted by market downturn from Trump's tariffs.
SAS and Pendo have internal preparations for potential public offerings.
IPO expert predicts few quality companies will go public for months.
Four years after SAS CEO Jim Goodnight directed his company to prepare for an initial public offering, the IPO window has shut again as global markets tumble in the wake of President Donald Trump's sweeping tariffs.

For SAS, it's just the latest impediment to going public, something that company officials have been saying publicly for years is the plan.

“We continue to focus on our preparedness and growth and we are beginning to operate internally as a public company,” SAS spokeswoman Shannon Heath said Monday. “As we’ve said before, the official timing will be based on when we think the market will be optimal.”

The market is anything but optimal at the moment.

But SAS isn't alone in seeing its IPO ambitions rattled by the sharp and sudden downturn on Wall Street. Earlier this year, Pendo CEO Todd Olson said the Raleigh software company was paying attention to the IPO window in 2025.

“For us to be ready to be a public company, there’s still some things we need to do internally to prepare ourselves,” he told TBJ in January.

Olson didn't immediately return a request to comment for this story.

For the Triangle, a public company debut for SAS would be a big deal, even for those not connected to the homegrown analytics and AI giant. The presence of major public companies means jobs, sponsorships and philanthropy opportunities.

But if Trump doesn't budge on his tariffs, it's likely SAS and Pendo — and virtually any other company looking to go public — will be on the sidelines for a while.

Jay Ritter, an IPO expert and the Joseph B. Cordell Eminent Scholar at the University of Florida, said that for companies like SAS that don’t actually need the cash, it means a delay in filing.

Pendo may not be hungry for capital, as Olson said earlier this year that after raising $150 million in 2021, the company headquartered in Downtown Raleigh wasn’t planning an immediate fundraise.

But for other firms, it could be back to the white board completely.

Ritter said firms with high burn rates in need of cash will need to cut expenses and seek out financing alternatives, such as private equity firms, hedge funds and venture capital. “Obviously given the drop in public market valuations in the last few days, the price at which venture capitalists and others are willing to pay has dropped as well,” Ritter said.

Ritter said it’s unclear how long the IPO window will remain closed.

“I think it’s going to be at least several months with very few, next to no quality companies going public, and that might continue if the stock market doesn’t recover,” he said.