It's not easy being a public company and you're listening to Motley Full Money. I'm Ricky mallvie joined today by Jim Gillies.

Jim thanks for being here.

Thanks for the invite Ricky.

So in between me inviting you and you coming on the show, a Canadian tech company went private.

Nouvet, a payment processor focused on e-commerce payments around the world,

is being bought out by a private equity firm, Advent International, for $6.3 billion, that's US dollars.

It's adjacent to Stripe and Adion, but I would say it plays in spaces like crypto and gambling, went public, three-bagged, fell

back to Earth, was the target of a couple of Spruce Point short reports.

I don't know, you think Nu vase just real tired of being a public

company these days what's going on? 100% I think they said the hell with this and

they got out and they can do so because they have three large shareholders who basically

control I think it's something like 92% of the vote when this thing went public

in 2021 it I came public with a dual share

class structure. Most of the common pleaves like yourself or myself. We own subordinate voting voting shares one vote per share but of

course there is a super voting class multiple voting shares ten votes per share and

those all of those shares are held by three parties, one of which is the CEO and

co-founder or founder, Philip Fayeer, one of which is another private equity group,

Nova Corp, I believe their name is, and then the third one is the

Quebec pension plan. They are all three of those companies are all entities. They are all

rolling their positions into this new private enterprise.

I think they're taking, I think a couple of them

are taking a few bucks out, but they're largely rolling it

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