Invest
How to “spend you way” to be the richest man in Singapore
By Mr. IPO  •  September 12, 2021

I am sure you have seen the latest Shopee advertisements by Jackie Chan, the old mega super star from Asia who made it to Hollywood. 

What used to be a mega online sale started by Ali Baba and Taobao has now turned into a monthly online sale from Shopee. How can there be a sale every month from 1.1, 2.2, 3.3, 4.4, 5.5. 6.6 7.7 8.8. 9.9 10.10 11.11. 12.12 ?
According to an article by Fool, every $1,000 you invested during the IPO will return you $20,000 today. Looking at the share price below, it is no wonder that the 3 founders of SEA are among the richest men in Singapore with Forrest Li topping the list.  



SEA (parent company of Shopee) needed these advertisements to fund the high valuation as investors are valuing it as a high growth tech company. They are lucky to be listed in NYSE where investors have seen how...
Read the full article
By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance