IPO Lessons for Public Market Investors

[@seeker4430]

Professor I thank you with the bottom of my heart.... Highly unlikely I will ever get an MBA and you doing social service for people like me... Thank you 🙏🙏

[@MattCommins]

It takes a lot of courage to publicly disclose what you're buying. Good luck!

[@AswathDamodaranonValuation]

It takes a lot of courage for a fireman to run into a burning building. The worst that can happen to me is that I can be wrong, lose some money and be abused by a few people. I am okay with being wrong (since I am wrong all the time), money comes and goes and sticks and a little abuse is not going to hurt me. So, I won’t claim the courage mantle but thank you any way.

[@BillGates_Alex]

@@AswathDamodaranonValuation How do you know how many shares to buy of each company? Do you do a market cap weighted portfolio?

[@AswathDamodaranonValuation]

Bill Gates simple self preservation! I never initiate a position larger than 4% of my portfolio and never let any position exceed 10% of my portfolio.

[@MrSomeonelikehim]

@@AswathDamodaranonValuation Do you try to be mindful of diversifying your portfolio across sectors when picking these positions? Is there a way to look at your entire portfolio?

[@akashshah9819]

Fascinating to see Professor putting principles in action. Great job! I am a big fan of your work

[@MrConguiano]

great way to end a friday, thanks Damodaran!

[@simonweiguny]

Great seeing a value investor like you trying to short an overvalued stock ;)

[@juanochoa3972]

Excellent Post as USUAL!!. Thank you so much Mr. Damodaran!

[@LeonardoGuidi]

Professor, You are the best! Thanks to you now I know that IPO stands for "It's probably Overpriced". Regards from Argentina

[@NotShivekArora]

Brilliant yet humble. Thanks for this video, Could you value Indian Railways next (Not IRCTC)? With the recent plans to have private operators I wish to learn more on the topic. Thanks.

[@briancrane7634]

Thanks once again Professor! What fine way to end the week with new thoughts from The Master of Valuation complete with spreadsheets. Many Thanks! [may I suggest a more complex option strategy: option spreads (many others) to offset some of the cost of the option contracts your already own, this limits the profit but if can also limit loss]

[@dagenie]

Thanks professor! Glad to hear your thoughts on some of the newer IPOs. I agree with Brian, with regards to the BYND puts and the obscene options premium. I feel that selling a call credit spread would be slightly less painful approach?

[@sapnabagaria1415]

Great fan of urs... So much to learn from ur videos...

[@shivkuma100]

Professor, could you also share your thinking about when you sell your positions? Is it based upon a 1- or 2-sigma deviation on the upside from your mean / median value in your monte carlo simulation/distributions.... Also how do you exit option positions - do you roll them over or just hold to maturity ? Shiv

[@andyy6481]

Professor, what do you think of FSLY?

[@vinayakdalawai1744]

Hi sir How do we know IPO's market cap? before investing.

[@josefnavratil8520]

Great content as always, perfect work, thanks!

[@galiaskaraitkuzhinov1338]

Professor, first of all thank you for sharing this. I have a question: When you calculate Value per share for UBER on the excel spreadsheet (last step), you`ve set Value of Cross Holdings unchanged from t1. Shouldnt we assign some sort of a growth rate for Cross holdings, as the global market is expected to grow at a such a rapid pace (almost tripling in 10yrs) some of the investments in affiliates could also double or triple and this could have a material impact on the share price? or you just kept it unchanged for simplicity reasons? Another thing, the cost of capital is constant for the first 5 years and seems to decline as the company becomes larger. Should we be adjusting our model for interest rate changes as time progresses? I look forward to hear back from you

[@omkar0lb7]

Thank you professor !! As once Buffet said, It's Probably Overvalued!

[@letsgosean]

Love your stuff Professor Aswath! Applying lots of these lessons to GOHISO.com

[@MultiMojo]

December seems a bit too early for a put option. Food fads usually take a few months to wear off, and Beyond Meat still has positive momentum (with new distribution deals in the works). A mid/late 2020 put option might have a better payoff.

[@fuckyeahfinance2703]

Wonder what the premium was on that 120 put on Beyond Meat. It's looking good at the moment.

[@milannakani]

amazing professor...

[@basharodeh5511]

Hi Dr. Aswath. what’s your call in Levi now at $12.24 a share?

[@eduardo.sobrinho]

Beyond Meat is now trading at $118 (October 17 2019). Dinner is on Professor “Deodorant” tonight haha

[@cjwee]

Eduardo Sobrinho beyond meat dropped to 80 as of 301019

[@madhurgarge9711]

where can i download your spreadsheets professor?

[@shloksangoi6443]

Damn I love Prof Damodaran

[@wm6549]

Awesome! Thank you for sharing your thoughts.

[@sempeltje]

Thanks again for this great video!

[@user-lz2mt5nc9e]

Thanks Professor, an update on the cannabis sector would be highly appreciated!

[@glibaudio]

Thank you for posting.

[@WayneJobs]

Zoom is also performing great with its IPO

[@edwardelric6450]

Thank you professor!

[@SinisaStojanovic]

Thank you Professor

[@dhanrajapte624]

Apt and spot on!

[@shloksangoi6443]

Professor how about valuation of IRCTC Indian PSU for railway What's your valuation process for that ?

[@manzilrai]

Heres a challenge for you- Jumia valuation fraud or not?

[@bobsmith2886]

IPO lesson #1: IPO at the right time when central banks have created an Everything Bubble and the market will pay billions for companies like WeWork and Uber which will never be profitable

[@prernaparihar3677]

Best way is to book profit at the time of listing if you are damn sure this co would not perform well in future....that's called ( listing gains ). Try it.

[@RadheVajrakaya]

Ok Assume if u buy all this promising companies den don't u think the prices would automatically start rising. Win win situation for all. Isn't it?

[@AswathDamodaranonValuation]

You think I have that much power over markets? Really?

[@shloksangoi6443]

@@AswathDamodaranonValuation don't you though ? Your day does moves markets Not by money but your word

[@RadheVajrakaya]

@@AswathDamodaranonValuation Your name is only enough try once in Indian markets & see the magic of your Name.

[@icebird753]

Prof Deodorant, thank you

[@alekc6998]

Thank you professor!