How the market lost its mind over the Guzman y Gomez float
The emotional reaction to Guzman y Gomez’s IPO has startled many market watchers. But strip away the memes, the hoodies, the bulls and the bears, and we have a simple debate about valuation.
At last week’s lunch to mark 50 years of the Chanticleer column, veteran investment banker and co-chief executive of Jarden Aidan Allen was asked what column he would write if he were made Chook for a day.
He quickly pointed to a burning issue for dealmakers and investors around the world: has the rise and rise of private capital put public markets into a long-term decline?
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
