Raiz pre-IPO Analysis
Our good friend Tristan Cole from Sempo, along with Billson Porter recently co-authored an article on Raiz (formerly Acorns Grow Australia).
They are in the midst of an IPO and we decided to take them apart. The main thing to take away is that a miss in revenue growth will tank the price as they are at minimum 2X overvalued. A look at the analysis can be found at Tristan Cole's Medium blog below.