Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Depop (>$1b) and WaveOptics ($500m) exits

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
sinterklaas
2 Lemon pips
Posts: 185
Joined: December 13th, 2016, 10:07 am
Has thanked: 86 times
Been thanked: 62 times

Depop (>$1b) and WaveOptics ($500m) exits

#417298

Postby sinterklaas » June 4th, 2021, 12:35 pm

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.

Return to “Venture Capital Trusts (VCT's)”

Who is online

Users browsing this forum: No registered users and 7 guests