Chanticleer
The Warren Buffett question at the heart of Guzman y Gomez float
Morningstar is the first to initiate coverage on the Mexican fast-food chain and has whacked a valuation of $15 a share on the company, far less than the $22 that the stock will be valued at under the IPO.
A subsidiary of the US market operator Nasdaq has started to explore the idea of private IPOs, which would give venture capital and private equity firms a way to auction stakes in their portfolio without taking them through the long process of a public market float.
The idea is fascinating, and reflects the rise and rise of private capital – that is, companies simply don’t need to tap capital markets in ways they once did – and the fact that the IPO window remains mainly shut around the world.
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