Huge exit for Octopus Titan in the shape of Depop – bought by Etsy for $1.625bn, mostly cash
https://investors.etsy.com/press-releas ... fault.aspx
This is a third VCT backed 'unicorn' (after Zoopla and Cazoo; both also Titan VCT).
It was a top ten holding, but hasn't bumped the NAV at this point – likely it was already accounted for in the steep NAV climb from 88p (Apr 2020) to 105.5p (Apr 2021). Octopus is known for having a v keen eye on valuation so a jump at exit is rare.
Octopus mentioned it in two years running in their videos with Wealth Club, so you know they sensed it was on to a good thing.
~ Also ~
Wave Optics – a bit overshadowed by the above, but Snap Inc (=Snapchat) acquired it for a reported $500m – it makes the waveguides for AR headsets, so it was a key supplier to Snap and they decided to just buy it with their stock. Titan VCT backed it three times (2015, 2017, 2018) and sells its whole stake.
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site
Depop (>$1b) and WaveOptics ($500m) exits
-
- 2 Lemon pips
- Posts: 186
- Joined: December 13th, 2016, 10:07 am
- Has thanked: 86 times
- Been thanked: 63 times
Return to “Venture Capital Trusts (VCT's)”
Who is online
Users browsing this forum: No registered users and 7 guests