IPO Thread.
- Thread starter ViShawn
- Start date
ahomeplateslugger
Superstar
beyond meat. it's a meat substitute company that i've been keeping an eye on. not sure how i feel about it tho. planning to open to the public around $24 it seems. a lot of potential but also a lot of competitors and they seem to be struggling growing...the product is good tho.
uber is around the corner as well. i think it's gonna be a shyt show similar to lyft, possibly worse.
Really wish I paid more attention to this thread. @mson was on point.
I read filings for MEC, NXTC, PSN and SONM. Their offerings are on 5/6/2019. MarketWatch.com
I'm definitely buying MEC and PSN. Might buy some SONM they look promising if they can expand globally. NXTC has plenty of cash on hand but the process for getting approved drugs is long.
The $100B Vision Fund is thinking about an IPO
By Kevin Dowd
May 3, 2019
SoftBank is considering a public offering for its Vision Fund, the $100 billion vehicle that's been burning through cash at an unprecedented rate, according to The Wall Street Journal. The possible listing is just one of the ways SoftBank and chief executive Masayoshi Son are said to be seeking more funding, including plans to launch a second Vision Fund of similar size and a quest for new backing from the sultanate of Oman to add onto the original vehicle.
It's a frenetic time at the Japanese tech conglomerate, as SoftBank is planning hundreds of new hires and Son has been negotiating deals that would require cash SoftBank doesn't currently have on hand, again per the WSJ. An IPO for the Vision Fund would be highly unusual, giving everyday investors the chance to essentially own stakes in several of the globe's hottest tech startups.
When the Vision Fund conducted a first close on $93 billion in 2017, it was believed it would take SoftBank about four years to burn through all that cash, which seemed to many like an extraordinary rate of spending. But the Japanese investor has easily surpassed it and is instead on track to deploy most of the fund in about two years, and that despite further LP additions. In just the past few months, its spent billions investing in an array of tech companies.
The fund led a $225 million investment in April in Klook, a Hong Kong-based travel booker. In March, it put $1.5 billion into Grab, a Southeast Asian ridehailing giant. In February, the Vision Fund participated in a $400 million round that valued delivery business DoorDash at $7.1 billion, and that same month it put $940 million into autonomous delivery startup Nuro. Mere days ago, SoftBank used the Vision Fund in part to invest $1 billion in Rappi, a delivery startup operating in Latin America. Oyo and Opendoor are among the other unicorns to raise recent Vision Fund backing.
But the flood of outgoing capital hasn't always been smooth. In January, SoftBank was reportedly forced to downsize a planned investment in WeWork, putting "just" $2 billion into the co-working company after originally hoping to make a $16 billion investment, a reduction said to be forced by hesitancy on the part of SoftBank's LPs.
The identities of those LPs have been another major point of discussion. The Vision Fund reportedly raised the vast majority of its capital from the governments of Abu Dhabi and Saudi Arabia, placing it at the forefront of recent conversations about the relationship between Silicon Valley and certain controversial regimes.
If the Vision Fund does conduct an IPO—which the WSJ said would likely take place later this year, after the fund is fully deployed—it would be joining in on a frenzy of public flotations. And SoftBank is already a backer of some of the companies leading the charge. The firm owns stakes in both Uber and Slack, and it's a major investor in WeWork, which announced this week that it confidentially filed for an IPO back in December.
Featured image via hidesy/iStock/Getty Images Plus
Related read: Vision Fund backs OakNorth to break European fintech record
By Kevin Dowd
May 3, 2019
SoftBank is considering a public offering for its Vision Fund, the $100 billion vehicle that's been burning through cash at an unprecedented rate, according to The Wall Street Journal. The possible listing is just one of the ways SoftBank and chief executive Masayoshi Son are said to be seeking more funding, including plans to launch a second Vision Fund of similar size and a quest for new backing from the sultanate of Oman to add onto the original vehicle.
It's a frenetic time at the Japanese tech conglomerate, as SoftBank is planning hundreds of new hires and Son has been negotiating deals that would require cash SoftBank doesn't currently have on hand, again per the WSJ. An IPO for the Vision Fund would be highly unusual, giving everyday investors the chance to essentially own stakes in several of the globe's hottest tech startups.
When the Vision Fund conducted a first close on $93 billion in 2017, it was believed it would take SoftBank about four years to burn through all that cash, which seemed to many like an extraordinary rate of spending. But the Japanese investor has easily surpassed it and is instead on track to deploy most of the fund in about two years, and that despite further LP additions. In just the past few months, its spent billions investing in an array of tech companies.
The fund led a $225 million investment in April in Klook, a Hong Kong-based travel booker. In March, it put $1.5 billion into Grab, a Southeast Asian ridehailing giant. In February, the Vision Fund participated in a $400 million round that valued delivery business DoorDash at $7.1 billion, and that same month it put $940 million into autonomous delivery startup Nuro. Mere days ago, SoftBank used the Vision Fund in part to invest $1 billion in Rappi, a delivery startup operating in Latin America. Oyo and Opendoor are among the other unicorns to raise recent Vision Fund backing.
But the flood of outgoing capital hasn't always been smooth. In January, SoftBank was reportedly forced to downsize a planned investment in WeWork, putting "just" $2 billion into the co-working company after originally hoping to make a $16 billion investment, a reduction said to be forced by hesitancy on the part of SoftBank's LPs.
The identities of those LPs have been another major point of discussion. The Vision Fund reportedly raised the vast majority of its capital from the governments of Abu Dhabi and Saudi Arabia, placing it at the forefront of recent conversations about the relationship between Silicon Valley and certain controversial regimes.
If the Vision Fund does conduct an IPO—which the WSJ said would likely take place later this year, after the fund is fully deployed—it would be joining in on a frenzy of public flotations. And SoftBank is already a backer of some of the companies leading the charge. The firm owns stakes in both Uber and Slack, and it's a major investor in WeWork, which announced this week that it confidentially filed for an IPO back in December.
Featured image via hidesy/iStock/Getty Images Plus
Related read: Vision Fund backs OakNorth to break European fintech record
What’s y’all thoughts on Uber?
Them not being able to turn a profit scares me a bit.
Them not being able to turn a profit scares me a bit.
They're a more diversified business than Lyft. I think they will be successful but will I put money into them so soon? Probably not
Uber started trading today on NYSE at $45 a share.
Edit- slide to $42 from IPO price
Last edited:
BLAZO da GAWD
Superstar
What more growth can we expect from Beyond Meat? Is this a no-brainer stock to invest in? I'd only assume more and more food chains will start to incorporate the food into their menus, etc?
I think the bigger growth comes in from once they actually get their product in stores. Seeing influencers make them youtube videos like "My First VEGAN Whopper" will be very good.
I'm invested in it because it tastes the best, there might be a lil dip when Impossible IPO drops, but I'll prob purchase (both) then too.
I'm new to the game tho. I am glad to have seen this rise so much, should've purchased more shares