Joke of an IPO

[Anonymous]

So WP is IPO B+L. After the IPO WP still owns the majority of B+L stock and therefore controls the company.

What a Joke. No change in management. Public company owned by majority shareholder a Private equity firm.

 

[Anonymous]

depends how many shares they float. they want billions to put into another fund. That means they are going to have to float a lot of share. I think they think they are going to get a 10bil market cap. JP might IPO BL for that, total sham, but they probably will. Depending on how much they need will depend on how much they float. Will have to wait to analyze when we see the IPO numbers.

 

[Anonymous]

depends how many shares they float. they want billions to put into another fund. That means they are going to have to float a lot of share. I think they think they are going to get a 10bil market cap. JP might IPO BL for that, total sham, but they probably will. Depending on how much they need will depend on how much they float. Will have to wait to analyze when we see the IPO numbers.

I have to agree...no way the market pays 10bn for B&L.

But WP is not going to hold on to their shares. The whole purpose of the IPO is so they can raise capital and get rid of B&L. Holding onto their shares is the exact opposite of that. The capital raised will go to pay down the debt and then the rest will go to WP's pockets in cash.

 

[Anonymous]

Warburg is looking at an IPO as an exit strategy, just like the dot com junk IPOs in the 90s. They have no desire in retaining ownership and creating investor value. They are looking to dump their shares on the public and make a 200% return on their investment. They even told people this was their plan. That's how stupid investors are now. They will still buy this stock despite being told we're looking to dump this dog on you.

 

[Anonymous]

Warburg is looking at an IPO as an exit strategy, just like the dot com junk IPOs in the 90s. They have no desire in retaining ownership and creating investor value. They are looking to dump their shares on the public and make a 200% return on their investment. They even told people this was their plan. That's how stupid investors are now. They will still buy this stock despite being told we're looking to dump this dog on you.

What you are saying is correct, but not in the way you seem to mean it. Of course WP is getting rid of B&L. That is their whole business model. They buy struggling companys, get the cleaned up and then sell at a profit. They never intend to keep them forever. Its not like a Merck or a J&J buying a company to intergrate them to expand their business. People (specifically investors) expect WP or similar investment firms to sell or IPO the companies they purchased.

 

[Anonymous]

I mean to say B&L is still a dog. WP didn't fix up anything. They did a spit and polish, slum lord fixxer uper, threw some paint on the wall and looking to dump the dump on unsuspecting investors.