Topic: How To Invest

Q: Pat, thank you for all the advice over the years. It has certainly been profitable! I have been hearing about a company called DNEG that is planning an IPO on the London Stock Exchange. I’m wondering what your thoughts are on the company and its prospects?

Article Excerpt

A: On November 15, 2019, film special effects firm DNEG postponed plans for an initial public offering (IPO) in London due to ongoing market uncertainty. The company had received a strong level of interest from investors and will assess when to revive its IPO plans once market conditions improve. DNEG had planned to raise 150 million pounds ($191 million U.S.) in its initial public offering. DNEG has offices in India and the U.S. Its clients include 20th Century Fox, Disney and MGM. The company produces digital visual effects for a wide range of live-action features and TV series. It has been nominated for eight Oscars in the visual effects category, and won five: Inception (2010), Interstellar (2014), Ex Machina (2015), Blade Runner 2049 (2017), and First Man (2018). It has also worked on the Harry Potter films and the Avenger series. Its TV work includes Chernobyl, Black Mirror, and Catch-22. This is an impressive resume for a small company in this fast-growing…