$1.2bn ‘Miracle Mushrooms’ IPO 🍄

$1.2bn ‘Miracle Mushrooms IPO’

Are we sure these aren’t magic mushrooms with a price tag like that? Malaysisan health supplement producer, Miracle Mushrooms is looking to make a public markets debut…And it could be a biggie!

Owner firm DXN Holdings is still umm-ing and ahh-ing as to whether it should accept an offer of $1.2bn for its little mushroom gold mine or roll the dice with a big IPO. The company itself sells a traditional Chinese medicine in capsule form made from lingzhi mushrooms rumoured to have near-miraculous properties.

The supplement is  said to help promote longevity, boost immunity and combat serious conditions ranging from liver disease to cancer. What can’t these shrooms do?

Miracle Mushrooms is just one of many South-East Asian companies that has made its way onto the international market’s radar with acquisitions in the region skyrocketing 48% this year alone. This gives 2019 the highest acquisition rate in over a decade for South-East Asia, coming in at a whopping $31.2bn.

While DXN has not yet decided if it will sell the company or make it public, it will make one heck of a splash in the markets either way. What a time to be alive!

Company Results Coming Up This Week

Monday: UK bank holiday, Colgate Palmolive, GAIL, Zee Entertainment, Tauron Polska, Bank Leumi

Tuesday: Pfizer India, Instone Real Estate, Matas, Hellas Motor Oil, Workday Inc, Sun Pharmaceutical

Wednesday: Abercrombie & Fitch, PVH Corp,  Aveva, Rocket Internet, Capri Holdings

Thursday: Dell Technologies, Burlington Stores, Dollar Tree, Alpha Bank, Okta, VMware, Costco, The Gap, Steel Authority India, FirstGroup, Johnson Matthey, Pennon Group

Friday: Wizz Air

Avengers Crushes Box-Office Records

Share:
More Posts
OPEC’s Decision 🛢
1 December, 2023

OPEC leaders just hosted an important late-November meeting that may signal a change in strategy.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.