I don’t like tech IPOs (or the nuance “direct listings” for that matter). Before delving into the Coinbase IPO and my thoughts on the company, I want to explain my overall concerns with IPOs. An IPO is the process of a company listing on a stock exchange and raising fresh capital from new investors. In other words, there is cash …
View PostI don’t like tech IPOs (or the nuance “direct listings” for that matter). Before delving into the Coinbase IPO and my thoughts on the company, I want to explain my overall concerns with IPOs. An IPO is the process of a company listing on a stock exchange and raising fresh capital from new investors. In other words, there is cash …
View PostHere’s a quick insight into the world of investment banking and capital raising… Bankers are focused on hot money They like Porsches and Porsches require bonuses. It’s hard work to try and sell something that nobody wants. When the pancakes are flying off the shelves, you don’t open a stall selling fried organic broccoli cooked in vegan oil. You recognise …
View PostCapital markets are fascinating. They are the arenas for gladiators to make and lose fortunes, all in the pursuit of business greatness. Traders in the stands mercilessly punish failure and support success, driving the gladiators to put everything on the line. Investors seek out the gladiators with real staying power; the ones that have figured out how to survive multiple …
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