EPISODE #9 - This Week in Pre-IPO Stocks Podcast - Mar 9, 2023 | Fusco, Sorenson, Nero, Dillon

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EPISODE #9 - This Week in Pre-IPO Stocks Podcast - Mar 9, 2023 | Fusco, Sorenson, Nero, Dillon

Don Nitti was unable to join us this week.

02:14 | Shein raising at $60b valuation, US IPO in late 2023
- Shein is an online clothing company
- moved headquarters from China to Singapore, now developed market company
- 74.7 million active shoppers, 13.7 million are based in the US ... only sells its clothing outside China
- $22.7b in 2022 revenue
- Shein last raised $1.0b in Oct 2022 at a $100b valuation
- investors include Sequoia China, Tiger, General Atlantic, Brookfield Growth
- rumored to go public in US in late 2023

12:04 | SVB restructures balance sheet with capital raise
- SVB stock down 60% on day of restructure announcement
- repositioning balance sheet, raised capital
- 9% of loan portfolio are growth ($5m+ in rev) and early stage ($0-5m in rev) ... 24% of loan portfolio "more sensitive to market correction"
- implications for VC backed companies with venture debt and timing to tap equity markets

24:09 | Epic Games powered LEGO metaverse coming soon
- KIRKBI, holding company of The LEGO Group, invested $1.0b into Epic Games in Apr 2022 at a $31.5b valuation
- assume this will be a Minecraft-like game but with Legos

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Participant bios...
- Nick Fusco, ApeVue - CEO = www.linkedin.com/in/nickfusco
- Clint Sorenson, WealthShield - CIO = www.linkedin.com/in/csorensoncfacmt
- Chris Nero, BridgePort FT - CEO = www.linkedin.com/in/christopher-nero-21119759
- Aaron Dillon, AG Dillon & Co - Managing Director = www.linkedin.com/in/aarondillonnyc