Tag: nasdaq

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On Running – Is This the Sports Version of Allbirds? Already Triple The Size of Allbirds

on running

I came across On Running when Roger Federer invested in the company. I have done a bit of research into the founder and the company in the past and they seem to be driving in the right direction on all fronts.

On Running is listed on the NASDAQ market in the US under the ticker – ONON. The company is already selling over $650 million worth of shoes per year (which is three times larger than Allbirds at approximately $250 million).

This videos provides a good breakdown of the company, its founder and its history.

Im very bullish on On. It has a lot potential and could move into many markets.

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Business Finance Tech

Coinbase Goes Public – I Expect it to Drop to $30 billion Valuation then Rise Again!

Coinbase went public the other day on the NASDAQ. Coinbase have a very exciting business and I have been trying to learn as much as possible about the Crypto world for the past year or so (but feels like I’m barely scratching the surface).

At one point Coinbase hit $100 billion in valuation, but I suspect that will drop below half over the next few months as the froth from the initial trades die down.

It will be very interesting to see how Coinbase performs over the long term, but it does seem to be a good hedge if you expect cryptocurrencies to be strong in the next 10 years or more.

Prediction – it drops below $30 billion in market cap and then it starts to climb again.

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Business Finance

WMG – Warner Music Group Starts Selling Shares on the NASDAQ Today

warner-music-group

Warner Music Group is going live on the NASDAQ today. Warner are offering 77 million class A shares at $25 a share. If Warner opens up at $25 per share that means they will have a $12.8 billion valuation.

It’s going to be very interesting to see if investors have an appetite for music companies again.

Underwriters for the new offering include Morgan Stanley, Credit Suisse, and Goldman Sachs. Ticker symbol will be WMG.

Warner Music Group has an amazing catalogue, but I’m very keen to learn more about their recent investments and what other industries they think they can enter, because doing the old record label model just isn’t going to gain enough growth over the next 20 years.