Garth Bray

Welcome to Shared Lunch, brought to you by Sharesies.

I'm Garth Bray.

Today, inspired by the journey that Elon Musk is taking us all on to the stars and wherever, we're taking a look at IPOs and what they mean, how a company decides to launch, who makes that happen, and what it means for investors.

We'll have some of the best in-house experts at Sharesies helping us with that.

And of course, we'll talk about the SpaceX IPO as well.

Before we get to that, some important information you should always consider before investing.

Investing involves risk.

You might lose the money you start with.

We recommend talking to a licensed financial advisor.

We also recommend reading product disclosure documents before deciding to invest.

Everything you're about to see and hear is current at the time of recording.

Okay, this is a fantastic trans-Tasman crossover here between our offices in Wellington, where we have Susanna Batley joining us, and Jackie Newman also in Sydney at the Sharesies office.

I'm going to start with you, Jackie.

What is an IPO?

Because I guess if you're a potential investor, it's good to look at who else is going to be in the company with you and also maybe who's leaving and why.

Is that fair comment?

So obviously this is a pretty big step going public and I would imagine the rules are very different whether you're doing it here in New Zealand, there in Australia or on one of the big US markets.

Are there general themes that kind of tie them all together that either of you have picked up on?

You've taken a look at SpaceX's offer document.

Generally, I mean, is this a pretty reliable tell-all?