Who's who in the IPO Zoo (inside an Initial Public Offer)
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This podcast contains general financial advice only. That means it's not specific to you, your needs, goals, or objectives, so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes. Kate Gamble, how are you going? Good, thanks, Owen. That's great. Great to hear. It's a bit overcast here in Melbourne. On Wednesday, October 13th is when we're recording. Most people probably don't know this. In fact, we would imagine most people... Don't really care, but we record almost all of our podcasts on a Wednesday to try and get them all done on the same day. And it's a heap of fun. We do it in the morning on Wednesday.
And so here we are. And today we're talking IPOs. Your favorite topic, Kate, I'm led to believe is an IPO. No, she shakes her head. So tell us a little bit about, just to start off with, why are we even talking about IPOs? Like, why is this a thing that people talk about?
Yeah, so IPO is just shorthand for initial public offering. And it's really the process a company goes through when it wants to go from a private business like that cafe you see down the street to becoming a listed business that you can buy on the stock exchange. And so when you think about Telstra or BHP, these are all public businesses that you can just create a brokerage account and go and buy shares like you would an ETF. And so it's quite a popular topic and we get questions about it every time there's a new hyped up IPO. that comes about. And so like, what are some of the recent ones of like Air Tasker, Booktopia, Adore Beauty. So every time something like that, that's like IPOs are happening on a weekly basis.
And most of them you don't hear about because they're really small companies and they're probably not companies you'd want to be investing in anyways, but it's we thought we'd do this episode because yeah, every time one of these hyped up IPOs comes out, we do get a lot of questions.
Yeah. And it's, as you're about to find out, IPOs are one of those concoctions by financial professionals that basically are designed just for maximum excitement. So the reason why you hear about IPOs is because the people that organize them, the groups of people behind the scenes that organize an IPO are extremely well incentivized to make sure everyone knows about it. Because if everyone knows about it, then everyone wants to get excited and buy the shares, which then pushes up the price, which means bigger commissions. which means that when the stock finally hits the stock market and you can see it on the public market or the ASX or the share market, as we know it,
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