I want news, but I'll accept conjecture.
93 replies (most recent on top)
If stock options in a declining revenue stream placate the masses, these would not be particularly intelligent masses. And JG would not particularly care what they think.
Per Occam's Razor, the simplest explanation is a recognition that Viya has not slowed the decline, resulting in a decision to sell.
In which case, the seller is not trying to placate anyone, but only to sell at the highest price. It would be simpler not to IPO, if the seller received an acceptable private offer. Which, clearly, they have not.
However, an IPO is an acceptable exit strategy -- by definition, at the highest price the market will bear. Pay 3% to investment bankers, and you're out. If market conditions remain favorable, we'll see that in 2025.
More layoffs coming in 2025.
Perhaps his actions are an effort to placate the masses with no intention to sell?
“ And what will become of "SAS Getting sued!"
Nothing. It is a BS lawsuit.
And what will become of "SAS Getting sued!" (https://www.thelayoff.com/t/1rfeGJXV) in 2025?
“Please stop thinking that JG is some completely rational omnipotent businessman.”
Clearly, JG is not omnipotent. He trusted the BG too much, and spent too much money on Viya. But he recognizes, like everyone else, that Viya is not compensating for the decline in V9 revenues. Viya has not saved his company, and he knows that.
Since the BG left, all JG's actions support a sale. He has talked with Broadcom, advertised an IPO, hired accountants to clean up his books, reduced his headcount, and created subsidiaries that would be easy for a buyer to spin off.
He came to this decision reluctantly, and late. So, no, he’s not omnipotent. But all the evidence we have suggests a completely rational exit strategy.
those of us in gen x or gen jones still there or those of us on the outside now are more likely to go ahead and retire (forced or voluntarily, either way hopefully happily) than anyone here getting some official IPO or other buyer news in 2025. good luck, everyone.
Please stop thinking that JG is some completely rational omnipotent businessman. He’s not.
My prediction for 2025 - The SAS Institute thread on this site will fizzle out.
I'm an outsider now, but I hear from my friends who are still there that the silence is deafening on this.
It can take four years to get three years worth of audited financial records, because it can take a year to hire the auditors and get the new accounting systems in place.
SAS needs to sell, either privately or through IPO, because there is no point holding a declining asset.
So, three conjectures:
- SAS will become “IPO-ready” in 2025.
- There will be no attractive private offer. Clearly, there hasn’t been one, and buyers have had plenty of time.
- Therefore, if the market stays up, SAS will IPO in 2025.
"SAS IPO delayed till 2026 or further."
Unironically this. It sure is taking a long time to get those three years of GAAP accounting records. It's been, what, four years already? And 2025 is less than a month away.
2025 conjecture: SAS IPO delayed till 2026 or further.
2025 conjecture: SAS remains unsold.