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

Send us Fan MailEPISODE #9 - This Week in Pre-IPO Stocks Podcast - Mar 9, 2023 | Fusco, Sorenson, Nero, DillonDon 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 202312:04 | 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 markets24:09 | 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 LegosSubscribe to the podcast...Youtube = https://www.youtube.com/channel/UCSpr_9yjBA7dhqnQexSu7LAApple Podcasts = https://podcasts.apple.com/us/podcast/this-week-in-pre-ipo-stocks/id1653598601Spotify Podcasts = https://open.spotify.com/show/2ryF1V6y712AsizaRjImOHParticipant 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