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5 companies from the portfolio of Raison Asset Management went to IPO: returns update

Since December 2020, 5 companies from the pre-IPO fund managed by Raison Asset Management have become public at once. These are Airbnb, DigitalOcean, Coursera, Blend Labs, and Robinhood.

The average current return for 5 companies equals 160%.

Airbnb had a 90.60% return on investment before the success fee deduction. For the rest of the companies, the lock-up period is still in place. The current return is 138% for DigitalOcean, 94% for Coursera, 12.6% for Blend Labs, and 248% for Robinhood.

Airbnb

Raison Asset Management invested in Airbnb on pre-IPO. Return on investment is 90,6% before the fees deduction.

Return — 90.60% before commissions.

Purchase: January 2020 at $71.93.

Sale: July 20, 2021, at $137.1

The profit is distributed to investors.

DigitalOcean

Raison Asset Management invested in DigitalOcean on pre-IPO. Current return on investment is 138%.

The current return is 138%.

Purchase: September 2020 at $23.10.

Revaluation: Aug 13, 2021 at $54.98

Lockup until the end of September 2021.

Coursera

Raison Asset Management invested in Coursera on pre-IPO. Current return on investment is 94%.

The current return is 94%.

Purchase: September 2020 at $20.

Revaluation: Aug 13, 2021 at $38.80

Lockup until the end of September 2021.

Blend Labs

Raison Asset Management invested in Blend on pre-IPO. Current return on investment is -12.6%.

The current return is -12.6%.

Purchase: February 2021 at $20.97.

Revaluation: Aug 13, 2021 at $18.32

Lockup until the end of December 2021.

Robinhood

Raison Asset Management invested in Robinhood on pre-IPO. Current return on investment is 248%.

The current return is 248%.

Purchase: July 2020 at $13.82.

Revaluation: August 13, 2021 at $48.10.

Lockup until early December 2021.