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An IPO is an important milestone for a company and its shareholders, and it has long-term business, human & financial implications. Our purpose is to demystify the IPO process by leveraging the personal experience of company executives, advisors, and other stakeholders. In IPO Stories we interview executives, founders, advisors and investors who share their experience of the IPO process. The podcast is hosted by Gautier Rousseau and Per Einar Ellefsen, the founders of Amundsen Investment Management, a European fund manager based in Paris and Oslo.
Episodes
Tuesday Oct 17, 2023
Tuesday Oct 17, 2023
Stéphane Boujnah is the CEO of Euronext, the largest European stock exchange, managing the bourses of Amsterdam, Brussels, Dublin, Lisbon, Oslo, Paris and Milan. Stephane has been the CEO for the last 8 years, leading an M&A drive that saw the company acquiring and integrating the Irish stock exchange in 2018, Oslo stock exchange in 2019 and Borsa Italiana in 2021.
With Stéphane, we go back to the origins of stock markets to discuss why they are the natural home for ambitious growth companies, the reforms needed to spur more equity investment in Europe, and the importance of trust when you are building a track record as a listed company CEO.
If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com
Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.
Friday Sep 22, 2023
Friday Sep 22, 2023
Paolo Dellachà is the CEO of Industrie De Nora, an Italian industrial company with global presence. It is the world’s leading supplier of electrodes for all major electrochemical processes – and have recently seen tremendous growth in applications for green hydrogen production.
After almost 100 years as a private family-owned company, De Nora listed in June 2022, in a €500mn transaction. With the market volatility in 2022, it was one of only a handful of companies to list globally that year. Paolo has also been through another IPO in 2023, as Deputy Chairman of Nucera, the electrolyzer JV between Thyssenkrupp and De Nora. With Paolo, we discuss the changes De Nora has been going through as its energy transition business has expanded, the IPO rationale in 2022, his experience from interactions with public markets investors, and the challenges to scale up the energy transition.
If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com
Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.
Thursday Aug 31, 2023
Thursday Aug 31, 2023
EDP is a Portuguese utility with a global footprint. In 2008, EDP listed its subsidiary EDP Renewables, one of the world's leading renewable energy developers and operators. EDPR is the world's 4th largest wind energy producersm with 15 GW of installed capacity, and a very ambitious growth plan.
With Miguel Stilwell d'Andrade, CEO of both EDP and EDP Renewables, we discuss the IPO process and timing of EDPR back in 2008, the revolution happening in the energy sector, how to build long-term relationships with investors, and the importance of equity markets to provide capital for renewable companies.
If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com
Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.
Wednesday Aug 16, 2023
Wednesday Aug 16, 2023
Emmanuel Thomassin is the CFO of Delivey Hero, one of the world's leading online food delivery platforms. He has been the CFO since 2014 and led the company through its successful €1bn IPO on the Frankfurt stock exchange in 2017. Since then, Delivery Hero have continued leading the charge in food delivery globally, using the listing as a catalyst to fund important acquisitions and continue growing the organization.
With Emmanuel, we discuss important elements surrounding the IPO process from the company perspective: preparation and benefits of preparation for an IPO, the rationale for going public, considerations around listing location, and post-listing dangers and pitfalls.
Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a sollicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purposes only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.
Monday Jul 17, 2023
Monday Jul 17, 2023
Laurence Borde is the founder of Mediatree, an agency specializing in accompanying companies in the preparation and implementation of the IPO roadshow.
With Laurence, we discuss the human element of the IPO process: how chief executives should prepare the company, and themselves, for an IPO: from the optimal organizational structure to your personal physical preparation to manage your energy throughout the process.
If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com
Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a sollicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purposes only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.
Thursday Jul 06, 2023
Thursday Jul 06, 2023
EQT, based in Sweden, is one of the world’s largest private equity firms, and an active IPO sponsor, particularly in Europe - where they have listed companies such as Autostore, Suse, Azelis over the last few years - as well as their own management company in 2019. Magnus Tornling is Global Head of Equity Capital Markets at EQT, and has been responsible for all their IPO processes.
With Magnus, we discuss the timeline and considerations EQT applies when considering an IPO, management incentives and retention after the IPO and the importance of preparing a company’s sustainability strategy early ahead of the IPO. Magnus also shares his views on European listings versus US, and how to make an IPO a success for all parties involved.
If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com
Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a sollicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purposes only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.
Friday Jun 16, 2023
Friday Jun 16, 2023
Française des Jeux, coming out of state ownership, was one of the largest and most successful IPOs over the last 5 years, raising $2bn for the French state and helping revive retail interest in IPOs. With Claire Vernet-Garnier, who was Head of the Finance Division at the French Government Shareholding Agency (APE) at the time, we go through the important choices around this successful IPO, and the characteristics of the government as a long-term shareholder in public markets.
If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com
Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.
Monday May 22, 2023
Monday May 22, 2023
Why is there so little innovation in the IPO process? How has the investor landscape changed over the last decades, and how can companies get institutional investors engaged in their IPOs?
Craig Coben was until recently Bank of America's Global Head of Equity Capital Markets, and for many years the bank's Head of EMEA Equity Capital Markets. We draw on his 30 years' experience advising companies on their IPOs, follow-on offerings and rights issues, to try to find some avenues to reform the IPO process. Having a well-functioning IPO market allowing companies to raise capital is important to support economic growth. With Craig, we take a step back to understand the real challenges facing European IPOs lately, and why there has been so little innovation to the IPO product over the last decades.
Craig has written several interesting columns in the FT on the topic:
Diagnosing London's listing miasma
How should we regulate ESG research?
Why Silicon Valley has failed (so far) to disrupt the IPO process
If you have feedback, or there are any topics you would like us to cover on the show, please reach out at contact@ipostories.com
Disclaimer: this discussion is not financial advice, nor an investment recommendation, nor a solicitation to buy or sell any financial instruments, or an offer for financial services or any other transaction. The information contained in the recording have no contractual value and are destined for an informational purpose only. Amundsen Investment Management and the participants on this podcast may have holdings in the companies being discussed.