Originally published at https://www.profgalloway.com/casperhaps In 2015 one of my students asked me to invest in his business. He was sourcing cotton in Egypt, milling it in Israel, and then landing a set of sheet sets, duvets, and pillows in Brooklyn for $79 that he would sell for $129. The value proposition was clear: bedding that
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The recent failures of IPO hopefuls WeWork and Latitude Financial have brought the magnifying glass upon the longstanding IPO process itself. The traditional IPO hasn’t changed for quite some time, and with the way things are going, a breaking point could be on the horizon as private investors get increasingly frustrated. The alternative being discussed
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The somewhat hyped IPO of Latitude Financial Group, which would have been the biggest of 2019, has been pulled from listing after various attempts to encourage brokers and investors to participate in the float. The news comes just one day after lead managers for the IPO contacted prospective investors forewarning that demand for shares in
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Following a successful IPO, welding service company K-TIG (ASX: KTG) has quickly gathered market momentum having reached a high of $0.65 in its first week on the ASX after raising $7m from their IPO Offer Price of $0.20. The Australian-based company specialise in what they call, ‘WaaS’ (welding-as-a-service), a play on the more commonly used
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After a long road to the ASX which started in May 2018, Trigg Mining (ASX: TMG) has reached an abrupt junction having finally commenced trading, only to fall 30% from their IPO Offer Price on opening day. The journey commenced in May 2018 when the Perth-base potash explorer sought to raise $2 million from their
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The landmark decision by Magellan Financial Group (ASX: MFG) to not pay brokers a commission on funds raised has delivered mixed results with the financial giant raising $862 million from investors for the High Conviction Trust spinout, a notably small figure compared to their $92 billion in funds under management. In lieu of paying commissions
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