A frequent complaint of equity markets is that the biggest valuation gains are often banked long before shares in a company are publicly traded. Rock-bottom interest rates, heightened risk appetite, towering cash piles of private capital, and entrepreneurial aversion to the glare of a full listing have all added to the feeling that ordinary investors can only ever play catch-up.
Tip style
Speculative
Risk rating
High
Timescale
Medium Term
Bull points
Diversified portfolio
Oxford Nanopore IPO
Sustainability focus
Debt-free balance sheet
Discount to NAV
Bear points
High-risk investments
Mixed track record