We will surely get more information from this tweet soon. According to Inderes’ motto “analysis belongs to everyone”, in this case, we can say that “the company belongs to everyone”.
Let’s open a discussion, as public trading can be expected.
I’m guessing the main purpose of that tweet was to spark discussion on the topic of what if Inderes went public. I would assume the matter is indeed under consideration at Inderes. However, I don’t believe an IPO would be relevant anytime soon. It’s not usually the custom to “leak” such matters on Twitter in advance; instead, IPO plans are announced through more “official” channels.
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€1.5m operating profit in 2020.
It would probably be a bit too cheap at €15 million.
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It’s great if Inderes gets listed. The clearest risk I see here, however, is the high (albeit constantly decreasing) key person risk. Inderes still has relatively few widely known faces, at least at this stage. This will change over time, and we will certainly hear more about others than just Mikael, Juha, Sauli, and Verneri.
If you think about what Inderes’s product and competitive advantage is (in addition to quality analysis, which can be found elsewhere), it is a large and active community. I have seen a few examples where a previously large and active community withers away. Almost always, a change/departure of administrators is behind this. Those interested in technology have certainly seen what happened to, for example, Muropaketti and murobbs when Sampsa Kurri pulled the plug. Of course, Inderes is a business on a completely different level, but really think about what would happen to this forum, too, if Verneri and Yu pulled the plug, at least in the short term. And in this hectic internet world, a longer period is not necessarily needed to cause major tremors.
Despite everything, it would be great if Inderes got listed, and I would definitely be in on it with certain conditions. And the key personnel are likely/hopefully very committed to the company.
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Taaleri (Taaleri Plc) apparently owns 10.8% of Inderes (Inderes Oyj), and the valuation of this stake was slightly over 1.4 million in the financial statements on December 31, 2020. So 15 million is probably not far off.
Someone once asked about indexing the model portfolio so that one could invest in it. This handles it in a way, without heavy banking licenses…
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Exactly. Analysis will ultimately become a side note when the model portfolio grows into Finland’s Berkshire. One could buy into that story, too.
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I wonder if we could get an exception from Fiva to accept nicknames on the top 100 list..
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Taaleri had listed Inderes Oy as a “non-strategic investment.” They could distribute the ownership as a dividend to us shareholders…
If the listing happens, at least Inderes would be acting as it encouraged others to act.
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My guess is that Mikael, in his fart pants, had a couple of beers to unwind in the evening and inadvertently tweeted his plans to everyone 
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Kauppalehti had asked Mikael “what kind of a thing”
Rautanen doesn’t say anything about the schedule, but the change in company form is a step towards listing.
”Many things can affect the schedule.”
We’ll eagerly wait to see if these plans materialize at some point, and then just mortgage a stone house to get enough leverage for an IPO (Initial Public Offering) disappointment.
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This would be one of those stocks that I’d just have to own, at least a minimal amount. I spend so much time hanging around here and using the services that it would be nice to think of these services as “my own.” Plus, premium payments would be easy to justify to myself. 
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This is what I think myself. Of course, I haven’t owned (yet) a premium, but it has often been considered. And if Inderes lists, then of course I will acquire this sometime!
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This thread is worth reading if you are interested in owning Inderes.
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I’ll be answering IPO questions here today and tomorrow that I’m able to at this stage! After tomorrow, I’ll be on holiday for just over 4 weeks, but I’m sure we’ll have a good discussion (because we said we’d run an efficient process and the team is good, so even taking a holiday in the middle of a project like this is possible 
)
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Is “Community Offering” a beautiful and value-driven synonym for a regular public offering? Or can Inderes truly list according to all regulations, so that the owners come from the forums?
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Silly question, which probably cannot be answered yet: What is the approximate timetable for the listing? Q3, Q4, or 2022? A small investor needs to start saving cash for the offering or the period after it, so that Inderes gets its deserved position in the portfolio
Addition: The listing is excellent news. I must say, it would be just as great news if Inderes could bring down the price and complexity of listing for future companies. The Finnish stock exchange needs new small companies.
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Will Inderes be making an analysis of itself with target prices and recommendations? 
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That news sounds excellent. I’m looking forward to owning Inderes shares, but I particularly like that one of the goals of the listing is to standardize and disrupt the current, rather cumbersome listing process.
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- This refers to the intention that the shares offered in the listing are planned to be targeted at members of the Inderes community, regardless of whether they are Free or Premium members. And of course, it refers to our hope that community members become owners. I cannot comment further at this stage.
- I cannot answer this…
We will not analyze ourselves, but if and when we are listed, the plan would be to acquire coverage from one of our competitors.
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@Mikael_Rautanen My take is that this is a big deal. Of course, “disrupting” the IPO process is good, but I really like the idea that this would be a true model example for other companies of what a public company should be like and how all investors are served equally. This would surely lead to some kind of disruption in investor communications and in being a public company, all around. Frankly, I doubt our stock exchange would find a more reliable and democratically better company from an investor perspective if Inderes went public. I have been using your services for probably over 5 years, sometimes free, sometimes premium, and have gotten a huge boost to my portfolio with the help of the analyses, so I would indeed be eager to join the ownership group, even with a small stake (usually one shouldn’t make such a decision before knowing the valuation 
). That’s all, good luck! P.S. I know that money can also be spent on investor communications (so I understand why small companies prefer business reviews instead of interim reports), so I understand if the company doesn’t want to go overboard with those communication-related expenses. Also, all modern regulations and IFRS standards and other requirements are certainly expensive for public companies. They are made for us investors, but their costs come out of our dividends 
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