This Could Be The Craziest (Or Smartest) Investment Ever
Dear Reader,
Sun Country Airlines, a low-cost air carrier, is planning to IPO in the coming months.
Are you kidding me?
This is either the craziest investment opportunity ever… or the smartest.
Let me explain…
To set the stage here, let’s be clear about something:
The most important goal of any company’s IPO should be to maximize its valuation.
A higher valuation means less dilution. And for long-term investors (and for management, which hopefully has a meaningful ownership interest), less dilution means more profits.
Obviously, maximizing valuation is easier during boom times. After all, investors have no problem paying up for what’s working.