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Being a public company

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Being a public company

  1. As detailed in our company strategy, GitLab wants to go public in CY2020, specifically on Wednesday, November 18, 2020.
  2. Going public is like graduating from high school, a great day but it shouldn't be the biggest thing you achieve in life.
  3. We have a strategy with clear goals for November 18, 2023 such as getting to $500m ARR.
  4. About stock prices, the father of value investing, Benjamin Graham, explained this concept by saying that: "In the short run, the market is like a voting machine, tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine, assessing the substance of a company." The message is: What matters in the long run is a company's actual underlying business performance so we should focus on our KPIs and particularly on growing our IACV.
  5. When you bring up the stock price in a work conversation the response should be: lets not get distracted by the stock price we can't control in the short term and focus on growing IACV instead.
  6. We will make everyone an insider, this means your trading is restricted but we can share financial information inside the company.
  7. We never want to go back in transparency. For example we never released financial information publicly because as a public company you can only do that when it is audited.