Steve Wybo: $110 million investment pushes StockX value over $1 billion; e-commerce veteran named new CEO – Crain’s Detroit Business
Steve Wybo was featured in Crain’s Detroit Business’ article titled “$110 million investment pushes StockX value over $1 billion; e-commerce veteran named new CEO.”
Naming a new CEO seemed to catch some off guard, but Steve Wybo, senior managing director of Birmingham-based business advisory firm Conway MacKenzie Inc., said it makes sense.
“This is not surprising at all given that the company is attracting significant new capital and approaching IPO status,” Wybo told Crain’s. “Bringing in an industry vet that has demonstrated success at well-known tech companies provides an immediate lift to the company’s perceived upside and will certainly help get people/future investors ‘fired up’ about the growth and upside of the company, which drives enterprise value and big paydays during an IPO.”