by Steve Schlenker, Managing Partner, DN Capital
Auto1 ringing the bell on the Frankfurt exchange this week brings one of the most successful Berlin startups to a new chapter. Its shares priced at a €7.9 billion valuation and closed the first day at a valuation of approximately €11 billion, making it the largest IPO of a venture backed company in Germany since at least 2001, if not in history.
This IPO underlines Europe’s attractiveness (and Germany’s in particular) to cultivate globally relevant high growth companies. DN Capital is proud to have led the Series A round as its first institutional…
A requiem for Donald (sung to, and with minor word changes from, Goodnight and Thank You from the play Evita)
Goodnight and thank you, Chris Christie
You’ve completed your task
What more could we ask of you now?
Please sign the book on your way out the door
That will be all
If we need you, we’ll call
But I don’t think that’s likely somehow
Oh, but it’s sad that when a Russian plot dies
The parting, the closing of doors
But we must be honest, stop fooling ourselves
Which means “Up yours!”
Ivanka & Christie:
My first experience with algo trading:
A few days before the Brexit vote I decided to sell down some public shares I owned so I could have more liquidity in case the markets moved south after the vote.
One of the stocks I sold was Criteo, even though I love the company.
While I did not hit the high of circa $47.00, I did sell out at $45.50 or so.
In the first two days after the referendum, Criteo’s share price fell to $40.80. So Tuesday morning, I decide, maybe it makes sense at open to buy back in.
Investor in early stage companies particularly ones that level uneven playing fields, in fintech, autotech, and software