An IPO, In This Environment?

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 29 September 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Volkswagen spun off its investment in Porsche for the first big name IPO of 2022. It only took until late September! (0:18) Dylan Lewis and Tim Beyers discuss: - Why Porsche is going public while other companies are holding off. - Down rounds in the private markets. - Promising results for Biogen’s Alzheimer’s treatment. Mortgage rates have doubled in the past year. (13:33) Deidre Woollard and Matt Argersinger look at the ripple effects and which companies could benefit from the shift. Companies mentioned: P911, VWAPY, RACE, BIIB, HD, Z, AOS, WSO, OPEN, LOW Host: Dylan Lewis Guests: Tim Beyers, Matt Argersinger, Deidre Woolard Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The IPO market finally has some action and Biogen has some good news for patients and
0:10.4	investors.
0:11.4	Motley Full Money starts now.
0:17.1	I'm Dylan Lewis.
0:18.2	Joining me is Motley Full Analyst Tim Biers.
0:21.1	Thanks for being here.
0:22.1	Thanks for having me.
0:23.1	I'm fully caffeinated.
0:24.1	Ready to go.
0:25.1	Love it.
0:27.3	Luxury Automaker Porsche is now a standalone company.
0:30.5	The car maker came public on the German stock exchange at roughly a $73 billion valuation.
0:36.5	Good for one of the largest IPOs in Europe in a decade.
0:40.6	Tim, for folks that like to see new names and tickers on the market, this is a good sign.
0:46.0	It's a really good sign and it's I mean, it's hilarious in all of the best ways.
0:52.5	Porsche decided to issue 911 million shares, which is great.
0:58.3	So those of a certain age, so like me, we'll remember the Porsche 911 iconic sports car
1:06.1	that the company is still known for.
1:09.0	And this is such a near mistil in terms of it taking the hilarity to even a bigger level
1:16.0	because overall the company raised $9.2 billion.
1:19.8	It would have been so much better if they'd raised 9.11 billion.
1:24.1	But I love it.
	...

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