Bernanke’s three questions: Is the IPO market more tense now, and what are the opportunities for Hypoport and ServiceNow?

onvista editorial team: In terms of IPOs, so far this year has not been particularly exciting-thanks also to Corona. However, with Exasol’s initial public offering this week, there is finally a batch of exciting new shares. Now, with Bavaria’s PharmaSGP, a biotechnology name will be added soon. How do you currently view the IPO field, for example, what do you think of Exasol?

Exasol’s IPO is a good proof that modern creative or innovative business fields have paid off on the stock exchange. The same applies to PharmaSGP, a novice pharmaceutical player. Exasol made a profit of 90 million euros, and the issue price of 9.50 euros rose by more than 35% in the next two days. This is where the growth premium lies. Measured by capitalization, and measured by issuance income, Exasol was rated in sports. Therefore, technical correction is a regular part of it. Teamviewer demonstrated this approach, with a market value of over 6 billion euros. This is how to classify the future. It can only be hoped that there will soon be enough such interesting companies to dare to go public. Have enough money.

onvista editorial team: Most companies in the financial sector have to cannibalize the coronal crisis in one way or another. However, for financial service provider Hypoport, the crisis does not seem to be the main problem-sales and profits will continue to grow in 2020. What do you think of stocks?

Hypoport is a companion in the financial world. Hypoport recognized mortgage brokerage and other real estate financing early on, so it is widely available online. Therefore, all savings banks and German banks are actually embarrassed. As the German real estate market requires technological breakthroughs, but still has overall development capabilities, the business areas are still broad enough. This is a number: among our European neighbors, the home ownership rate (houses and apartments) is usually between 70% and 90%. According to the latest available data, this proportion in Germany is approximately 42%. Until now, Germans still like their rented apartments. Therefore: Hypoport is relatively expensive in terms of sales and profits, but includes the same expected premium as in other cases.

Editor onvista: “I don’t understand why our market value should not be doubled in a few years.” This is what ServiceNow CEO Bill McDermott thinks about his new command’s future plans. What do you think of the opportunity for software developers-maybe McDermott’s role?

Bill McDermott’s sudden migration from SAP to ServiceNow made me immediately suspicious. Now, the battle of the SAP board of directors has reached a considerable degree. This is why we are more skeptical of development. During McDermott’s reign, acquisitions stimulated considerable development momentum for SAP. However, this still requires integration. It will be difficult. At ServiceNow, McDermott, a super seller, may smell the same opportunity as SAP 12 years ago. This is why I immediately participated in the Action Exchange at ServiceNow, which was understood as a blank change we made on Bill McDermott. The theme is the same.

Thank you for your answer!

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