Tandem Bank looking to float

I hope Monzo floats first, as it’s a much higher quality bank.

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Agree with your sentiment. I’d rather :monzo: float when they are sufficiently matured and ready to though, rather than to beat somebody to IPO.

The main benefit of an IPO is the ability to raise capital quickly, which :monzo: haven’t demonstrated any difficulty with of late.

For me, I feel the disadvantages of taking up management resource focusing on preparation for IPO, and the potential threat of large share volumes being bought up to steer the business to a ‘short-term’ profit chase outweigh the benefit right now.

:monzo: are on a solid path and consistently delivering the good stuff, long may it continue.

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It’s not about being first. Being first is not as important as being the best.

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Within 5 years? That’s a long time frame

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What’s the current value of Tandem shares? I know they dropped significantly a while ago.

“Investors who put money in received a big discount on Tandem’s share price. Tandem, which has not yet launched to the public, sold shares to House of Fraser at £15.20 in December but investors who stepped in to help in April bought shares for £5.56 — almost a third of December’s price.”

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Mike Ashley

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