fiveniner wrote: Another data point hasa come in for the MarketWall valuaiton.
WealthSimple is a Power Corp company Launched in March 2019.
- 100,000 clients
- 4.3B in assets under management
As of June..
- 500,000 clients
- 8.4B assets under management
Latest financing puts Wealthsimple at $1.4 billion.
Link to WealthSimple valuation MarketWall 5.5 million Intesa Sanpaolo customers use the app.
50% of purchases in financial markets go through the app.
That means 2,750,000 customers using the app for financial market transactions.
(I know that purchases does not necessarily mean users but for the sake of arguement...)
Wealthsimple also has a bunch of other functionality btw - users without transactions.
MarketWall has ~5 times the number of clients that Wealthsimple has.
That would value MarketWall (with its current number of clients) at $7 billion based on # of clients.
ALY holds 49% of MarketWall. That would put ALY at $3.5 billion.
Seems too good to be true? Let's cut it in half to be conservative... $1.75 billion.
$1.75 billion divided by outstanding shares (78 million) = $22.
Go ahead, cut it in half again if you wish... $11.
Based on valuation of Wealthsimple using the number of clients... ALY is looking good.