Looks like a few news articles doing the rounds that Monzo are launching over the pond - I hope it’s a huge success; because I believe it is an awesome bank and really empowers it’s customers and also because it will make me stinky rich!!
How many shares do you have?
360+ ok maybe not slinky rich but hopefully enough to pay off my mortgage when they IPO in a year or so (my opinion)
How much would you guess they would IPO for per share?
My finger in the air guess if US is a success then - IPO at £10 billion? Share price £80.
A £30,000 payout is not too bad at all for you
Then there is the initial buying fury for new listings, maybe another 40-60% increase? (Am I daydreaming?)
Probably a little but who could criticise you
Hope you do get the payout
I thought that’s reserved for very loss making companies
That would be nice. I suspect it’d take longer to get to that sort of valuation though. They’d probably need 10s of millions of customers, not 2 million.
Shame Monzo wasn’t EIS rated as any sale of shares will have CGT imposed.
I am being pie-in-the-sky, but gotta dream big!
Yes EIS would have been marvelous, hurray for freetrade, when it IPO at £10 billion and the money is all mine!!
Sadly, banks are not eligible for EIS
Some more coverage of the rollout.
What a day for my favourite fintechs