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ThredUp on the WAY UP, BorgWarner going into EVs and WeWork going for IPO! | Stock Market News - YouTube
Channel: VI TV
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wework ipo is finally happening this聽
and more on today's invest roundup
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hey guys it's terry and you're watching another聽
episode of invest roundup watch out ray dallas hit聽聽
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we're halfway through a stock market bubble and聽
apparently it is going to be off the dot-com era聽聽
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proportions things are intensifying and amazon has聽
votes coming and bernie sanders joins the union聽聽
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drive in alabama on the upside ever given the ship聽
that was stuck on the suez canal is finally free聽聽
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so that's at least one good news but let's聽
get into more good news eh here's the usual聽聽
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disclaimer whatever stock or news we talk about is聽
not a recommendation to buy or to sell these are聽聽
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all just news we deem important things we believe聽
you need to know if you're invested in the stock聽聽
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market or if you intend to invest first news item聽
we talk about a freshly listed secondhand clothing聽聽
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platform thread up like barney stinson would聽
say suit up except in this case it's thread up聽聽
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the used clothing store chain debuted on nasdaq聽
last week at 14 per share and shot straight for聽聽
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the moon so by the time the market closed聽
last friday it was at 20 up by 43 percent聽聽
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boy it feels like we're talking about a new ipo聽
every week now aren't we in fact the faith is so聽聽
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strong in this company that they are backed by a聽
lineup of venture capitalists and nine big banks聽聽
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like goldman sachs morgan stanley and barclays so聽
what's the play here how is this clothing company聽聽
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any different from the ones out there well thread聽
up is an online resale marketplace for clothing as聽聽
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opposed to your regular online shopping platform聽
which only sells new pieces or sites like ebay聽聽
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which sells virtually anything thread up is where聽
consumers can buy and sell secondhand clothing聽聽
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shoes accessories and at the moment they feature聽
about 2.4 million listings at any given time聽聽
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the convict pandemic has also driven growth for聽
the company in the last year because that was when聽聽
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everyone was looking to save and sell whatever聽
they can legally of course according to the聽聽
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founder the company is looking to capitalize on聽
a growing market for secondhand goods which is聽聽
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projected to fetch 64 billion by 2024 there is聽
also a growing number of millennials and gen z聽聽
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folks that are actively shifting to second hand聽
now which makes thread up all the more confident聽聽
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they'll be around for a long time according聽
to the founder again with the world still in a聽聽
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recession after the pandemic and with the growing聽
number of green initiatives that are coming around聽聽
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he had no qualms that more people would start to聽
focus more on shopping sustainably and platforms聽聽
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like his will grow in popularity the company聽
is following the footsteps of its competitors聽聽
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poshmark and the real real the go public and they聽
already have 21 partnerships with big names like聽聽
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gap and walmart to help them expand based on the聽
company's filings thread up has a market value of聽聽
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1.27 billion dollars at the moment but it is worth聽
noting that even though the company brought in 186聽聽
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million dollars in revenue last year they've聽
been experiencing net losses in the last three聽聽
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years each more than the last second news item聽
automotive supplier bulk warner shifts into ev聽聽
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business but they may have been a little too聽
confident with their announcement last week聽聽
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bulk warner inc one of the biggest suppliers聽
for car parts in the world announced their big聽聽
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ev plans last week only for it to backfire and聽
cost the share price to go right off the cliff聽聽
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historically speaking the company has had a pretty聽
solid business performance right off the bat they聽聽
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are one of the 25 largest automotive suppliers in聽
the world and they are the leading manufacturer聽聽
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of turbochargers in gasoline powered vehicles and聽
as you can see they're not big on growth but they聽聽
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make up for it by being a great dividend company聽
they're also quite popular in the stock market聽聽
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the stock was up by 23 over the last three months聽
and delivered a 27.54 return for invested hedge聽聽
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funds sadly he didn't vote well with investors聽
when they say they are moving away from their聽聽
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current business last week in last week's聽
presentation the company said they are prepared聽聽
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to shift their business to electric cars to follow聽
the footsteps of the biggest customers like ford聽聽
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general motors and volkswagen they also aimed to聽
boost their ev-related revenue from the current聽聽
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three percent to about 45 by 2030 and they intend聽
to sell off parts of their internal combustion聽聽
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engine business hearing this investors were not聽
happy and intrigued and 11 slide in the shares聽聽
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up until last wednesday which is the steepest聽
drop since june some analysts also said that bulk聽聽
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warner was underperforming in the strong market聽
and the company is still playing catch up which聽聽
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is a nice way of saying they're not quite there聽
yet the people at bog wonder however is not too聽聽
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bothered by the share price deep because i quote聽
the margins and financial performance have been聽聽
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strong and boy do i hate it when these people聽
are right the share price bounced right back聽聽
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up on thursday and it looks like it's been on聽
an upward trajectory since bulk owner said on聽聽
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friday that the company hopes to have nearly 50 eb聽
related revenue within the next decade and they're聽聽
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also planning to spend roughly 8 billion dollars聽
between now and 2025 to grow this business segment聽聽
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at the moment the stock bwa is considered to be a聽
medium risk investment before we go on to wework's聽聽
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ipo news it would be great if you simply hit the聽
subscribe button and turn on the notification bell聽聽
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it really really helped the channel out so we聽
can bring you more market news every single week聽聽
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and finally after the fiasco two years ago聽
the controversial rework is finally going for聽聽
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ipo somewhat yes it's another ipo people for聽
those who can't recall don't know what happened聽聽
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to wework's ipo before here's a 20-second summary聽
wework was a nine-year-old company and they found聽聽
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for ipo in august 2019 but investors and media聽
were not happy with its financials and started聽聽
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questioning their business performance valuation聽
fell from 47 billion to just 10 billion dollars聽聽
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ip was then delayed to september 2019 public聽
started zooming in on the founder adam newman聽聽
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newman was then removed from his position for his聽
work ethics and the company's biggest investor聽聽
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softbank took over in october and 2 400 people聽
were laid off when bam this ipo fell apart and聽聽
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the whole thing was delayed indefinitely and聽
now two years later it looks like the company is聽聽
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ready to get back on the road except this time聽
they're saying screw it to the traditional ipo聽聽
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route and doing this whole thing through an spsc聽
merger instead remember i was talking about specs聽聽
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before specs are blank check companies who attract聽
investors to invest in their ipos while they look聽聽
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for companies to merge with so by extension this聽
company they merge with is also a public company聽聽
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think of it like how hermit crabs and the shelves聽
much become one entity this trend is apparently聽聽
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all the rage on wall street now since the聽
pandemic started and this is how wework is聽聽
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planning to do their ipo they're currently聽
in talks with boax acquisition core a spec聽聽
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listed on nasdaq for deal valuing around 9 billion聽
including debt if this goes through it will also聽聽
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mean that we can then be less dependent on soft聽
bank for funding now don't get me wrong i think聽聽
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this all looks great for wework except when it聽
comes to business performance it's still a little聽聽
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putting the incidents from two years ago aside聽
the pandemic sort of gave we were another kick聽聽
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in the groin last year and the spaces became ghost聽
towns overnight which made them lose another 3.2聽聽
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billion dollars but investors are taking comfort聽
in the fact that the boss is no longer adam newman聽聽
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but a much more experienced former executive聽
sandeep matarani the new management is also聽聽
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planning to tweak their business model to meet聽
post-pandemic demands for flexible workspace聽聽
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and is projected that the occupancy rate would聽
reach 90 by 2022 of course there are investors聽聽
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they're also still skittish when talking about聽
this company but in general this news has聽聽
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received a good response from investors since聽
the announcement of this possible merger the聽聽
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share price for both x has jumped more than聽
20 to 11 and 71 cents so those are the three聽聽
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important investment news we had to share with聽
you this week once again we encourage you to聽聽
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get more information if you'd like to act on聽
any of the companies we shared about earlier聽聽
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comment below and tell us what you'd like聽
to see on the next invest run up and share聽聽
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this video with your friends especially those who聽
invested in stock market we'll see you next week
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