IAC / ANGI 2Q20: Doubling Down
We have always enjoyed following IAC because we share a worldview with management about investing behind THE major secular trend in the world...
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KE Holdings (Beike) IPO: Valuation Insights
KE Holdings Inc (BEKE US) is a combination of Lianjia, China's leading real estate brokerage brand, and Beike, China's leading integrated online...
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KE Holdings (Beike) IPO Initiation: Home Truths
KE Holdings Inc (BEKE US)Â is a combination of Lianjia, China's leading real estate brokerage brand, and Beike, China's leading integrated online...
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Softbank Group: Deep Dive into Vision Fund's $10bn in Expected Valuation Losses for This Quarter
In this report, we dig into the Vision Fund portfolio to see which investments drive what looks to be a ~ÂĄ1,000bn operating loss for Q4. We have a...
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IAC: A Care-Full Quarter.
This note is a followup to our recent long idea on IAC. The quarter was mostly supportive of our long thesis and the NAV discount has even widened...
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