Is the IPO market too hot?

The market operates in cycles. Things heat up; things cool off. When people tell you to “look through the cycle,” they are referring to the need to ignore the short-term fluctuations and invest in high-quality companies that will do well over an extended period. I often reference Microsoft as a powerful example of this. It is the only company that …

View Post

This Snowflake is anything but offended

In the year 2020, the term “snowflake” has become a commonly used derogatory term for anyone who is overly sensitive or easily offended. It’s often used with the word “triggered” which is the act of being offended. In the investment world, Snowflake has become a landmark tech Initial Public Offering (IPO) story for a number of reasons. The only thing …

View Post

Ghost (????????????????????????) busters – edition 4

In this edition, we focus on two concepts that are a core part of equity capital markets. It’s complicated to understand how listed companies work and what the benefits are, but with each term you learn and understand, you’re getting closer. Initial Public Offering (IPO) An IPO is a capital raise by a company as part of a new listing. …

View Post