The Prof G Pod with Scott Galloway
Latin America’s IPO Market, How to Mentor Young Men, and Scott’s Stake in La Equidad Football Club
29 Jan 2025
Scott discusses the lack of IPOs in Latin America, specifically the difference between cyclical and structural decline. He then gives advice on mentoring young men and wraps up by discussing his stake in a Colombian soccer team, La Equidad Football Club. Music: https://www.davidcuttermusic.com / @dcuttermusic Subscribe to No Mercy / No Malice Buy "The Algebra of Wealth," out now. Follow the podcast across socials @profgpod: Instagram Threads X Reddit Learn more about your ad choices. Visit podcastchoices.com/adchoices
Full Episode
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If you'd like to submit a question, please email a voice recording to officehoursatprofgmedia.com. Again, that's officehoursatprofgmedia.com. I have not seen or read these questions. Question number one.
Hi, Prabhji. I'm Ana from Mexico, currently living in Chicago, Illinois. First of all, thank you for all your hard work. I listened to your podcast during my commute to school, and it always makes the ride more enjoyable. My question is about APOs in Latin America. One of the predictions you did for 2025 was that emerging markets will become more attractive to investors.
I had the chance to work for a unicorn in the region. And ever since, I have wondered why we don't see many IPOs in Latin America. I truly believe that there are amazing companies led by talented entrepreneurs, but not many of them go public. What do you think this is the case? And what do you think could be improved to help more companies in the region to take that step? Thank you so much.
And thank you for choosing my question.
Anna from Mexico, I love your accent. And the IPO market. Since the pandemic, the IPO market in Latin America has really fluctuated. In 2021, the region raised about $19 billion, mostly due to Brazil, which accounted for about 85% of that capital. Mexico, in comparison, had only one IPO in 2021. So basically, the IPO market... in Mexico could best be described as kind of like dead.
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