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Moderna Analysis: Inside The Largest Biotech IPO In History

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Source: Motley Fool

Biotech company Moderna just went public last week, raising $604M in what was the largest biotech IPO of all time.

At a price of $23 per share, Moderna [MRNA] sold over 26M shares, putting their valuation at $7.5B. Even though they hit a rough patch shortly after, the IPO is the latest in a string of record-breaking biotech public offerings this year.

Moderna specializes in so-called messenger RNA therapy, which is a form of treatment that uses a patient’s own cells to fight diseases. Assuming Moderna’s medicine works, the world now has “revolutionary” and new treatments for cancer.

So far in 2018, investors have pumped $7.1B into 60 biotech companies this year. That makes 2018 the 2nd biggest year ever for biotech, just behind 2014.

Moderna’s funding history

The other biotech companies that banked on IPOs this year were Solid Biosciences (valuation of $546.4M), ARMA Biosciences ($497.7M), Homology Medicines ($577.3M) and Allogene Therapeutics ($2.2B).

The $7.5B valuation was higher than the $7.1B reached by the company earlier in May 2010 when it raised $125M from Merck. Other investors include Sequoia Capital China, EDBI and ArrowMark Partners.

Moderna was founded in 2010 and was valued at $10.5M by the end of that year.

In the last eight years, the company’s valuation has risen by a whopping 679x. The above chart by Pitchbook shows the astonishing rise in Moderna’s valuation over the years.

In January 2014 Moderna raised $135M at a valuation of $880M and was a unicorn within the next twelve months. Till date the company has raised around $1.7B.

What’s Moderna all about?

As mentioned, Moderna is in early stage development of creating medicine using messenger RNA. In less layman’s terms, this transports genetic information from DNA to body cells enabling the production of proteins to express these genes.

Moderna aims to engineer messenger RNA with patients that have genetic diseases. This will communication with cells and produce potentially life-changing proteins.

As for the stock dropping…

Post-IPO, MRNA lost 19% in the first day of trading, dropping to $18.8 per share.

However, CNBC’s stock expert Jim Cramer wasn’t too worried about the drop, citing the upside of the technology and overall investor bullishness.

“It’s recession-proof at a time when many investors are now worried about a slowdown,” Cramer said. “It’s got an exciting concept and you can argue that messenger-RNA-based medicine could revolutionize health care.”

There are still some concerns raised over investing in Moderna shares. Like several other biotech companies, Moderna is also years away from a marketable product.

So what say we? Well, the WealthLAB verdict says, sure there’s upside. But investors need to have a larger risk appetite to enter this stock.

Business

How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) 👀

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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. 💎

You can check it out here.

Let me know what you think. 😎

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

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How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the 🗝)

So how did we get here? 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms 📈
  • Add 1500+ new apartments to the portfolio 🤑
  • Grow to $300M in real estate 🚀
  • 105% investor returns 🎉
  • 700K+ community members 🤝

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. 🔥

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. 🔥

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. 🙌

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥

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Money

CHART: How Blockchain Powers Bitcoin

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Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

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