The Iconic finally turns a profit | Koala’s IPO reality check | Robinhood’s private strategy
The Iconic has finally turned a profit after 15 years as it shifts away from growth at any costs…and focuses on the margins.
Mattress maker Koala is heading to the ASX in a $305 million IPO… but it’s a far cry from the valuation it once dreamed of.
Robinhood, the US trading platform, has launched a fund to give retail investors access to private companies …but the market isn’t exactly rushing in.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.