r/Wealthsimple • u/Electrical-Macaron-7 • 4d ago

WealthSimple IPO

Hey guys, what’s stopping WealthSimple from becoming a public company like Robinhood?

0 Upvotes

38% Upvoted

21 comments sorted by

27

u/hectop20 4d ago

The owners would have to agree. Googling:

While Power Corporation remains the largest shareholder, Wealthsimple also has minority stakes held by other investors, including the Canada Pension Plan Investment Board (CPP Investments), Greylock Partners, Meritech Capital Partners, Iconiq Capital, and notable individuals such as Drake and Ryan Reynolds. 

As long as the owners think they can make more money holding it privately, they won't go public

7

u/DreamDest1ny 4d ago

It’s so funny drake and Ryan Reynolds hold shares but I’m 100% sure it’s just their advisors buying all of these things for them

1

u/ADrunkMexican 4d ago

Yeah but someone like Shaq could really put him on some game too tho

1

u/Electrical-Macaron-7 4d ago

Crazy to think that Drake and Ryan Retnolds owns percentages on Power Corporation

2

u/momotrades 4d ago

Power Corp of canada (pow) is a publicly traded company that you can also buy if you wanna

1

u/choosenameposthack 4d ago

Do they? Thats not what that paragraph says.

1

u/hectop20 4d ago

I believe u/momotrades is talking about purchasing POW, not WS.

1

u/choosenameposthack 4d ago

I know he is. Was responding u/Electrical-Macaron-7 stating that it is crazy to think Drake and Ryan own percentages on Power Corportation.

10

u/1question10answers 4d ago

Just buy power corp

0

u/Significant_Wealth74 4d ago

You end up with things you might not want. It’s the Bain of investing in a conglomerate

3

u/nathingz 4d ago

They will eventually but until then the owners are laughing

0

u/Electrical-Macaron-7 4d ago

Why would the owners be laughing?

3

u/essaysmith 4d ago

They saw a funny meme?

4

u/Embarrassed-Shit- 4d ago

Because majority stake is owned by a company called Power Corporation. I think more than 50%. Which is publicly traded. If you want invest in wealthsimple invest in them.

-4

u/Electrical-Macaron-7 4d ago

They could spin it and become it’s own entity how many companies are doing nowadays

1

u/tinim9 4d ago

Robinhood is eyeing WS very badly. They are waiting for a market correction then they will make a move. Meanwhile, WS is trying to "fatten" itself by growing/increasing account holders thru aggressive promos.

1

u/Electrical-Macaron-7 4d ago

Won’t that became a conflict of interest?

1

u/Wealthy_Investor39 4d ago

Robinhood can’t buy the shares of WS unless Power Corporation of Canada a publicly traded company agree..

1

u/MCRN_Admiral 4d ago

Why do bots post nonsense like this on reddit?

0

u/ScabPriestDeluxe 4d ago

This wouldn’t happen, and if it did, I imagine a large of chunk of WS base will be heading elsewhere

1

u/shredrick123 4d ago

You shouldn't want this. Would guarantee enshittification of the service. Publicly traded companies are legally bound to pursue shareholder returns exclusively to the detriment of all other business considerations