SFX Entertainment dips, Forbes cracks wise.

The recently-formed SFX Entertainment went public and is down about 7% since its IPO price of $13. I think Forbes is missing a few points when it comes to why the stock is dipping. Firstly, with no events on the immediate horizon, there’s little buzz about the event space at the moment. With Festival season over, it’s hard to pitch the high-asset driven business, especially when most of the players in the realm of high finance live in proximity to Electric Zoo. With the deaths surrounding that event I think there’s a problem with micro perception at the personal level that only time will change. As these events continue un-fettered once we get better at keeping everyone safe, the space will naturally grow. Forbes provides some good background but ultimately is still on the outside looking in. Check it out here.

 

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