@lostAnother thing to consider : as one poster indicated it,...

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    @lost
    Another thing to consider : as one poster indicated it, they may have to reduce their holding from 5 % to 4 % at IPO.
    So I had a look at this scenario.
    In that case :
    - they keep 4 % of GQG (based on a valuation of 7.5 bn, using your figures),
    - they have to sell 1 % at IPO price (taking the assumption that IPO is done at a valuation of 5 bn).
    Overall, using these assumptions, their 5 % in GQG may be valued at 350 m, so still close to your previous valuation (of 375 m).

    On another topic, I don't know if you are interested to talk about other sectors.
    As you said you were invested in start up, I thought that one stock may interest you : Camplify ("the airbnb for caravans and campingcars").
    Just listed at the end of June, the company created 7 years ago, is still at a very early stage.
    The potential looks significant.
    I have to say that I am quite excited about this company, which market cap is only around 100 m now (EV more around 80 m given the net cash).
 
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