Gentleman Start Your Engines.
Like our last post on Tuesday, this is also a short ‘Heads-Up’ to alert readers about an event. A very significant event we might add.
An event that what we’ve been dreaming about for years, that has finally happened!
Tuesday – August 12th: We’re Doing a Deep Dive into Society Pass (SOPA) $1.20.
This is not something we think ‘may‘ happen or is ‘about‘ to happen. It just happened. And we are here for the celebration!
77% owned NusaTrip just went public at $4.00 a share, raising $15 million With roughly 18 million shares outstanding NusaTrip is valued at $75 million and the Society Pass stake in NusaTrip – 14 million shares – is valued at a cool $56 million. Boo-ya.
Let us repeat in case you missed it:
$56 million.
It’s also every Incubators dream come true. Don’t say we didn’t tell you.
NusaTrip Incorporated Announces Pricing of $15 Million Initial Public Offering
We had to look at the NusaTrip S-1 IPO filing 15 times, thinking “do they really own 14 million shares, or are we just reading this wrong. Like maybe it’s 1.4 million shares instead, and there was an extra 0 added in a typo. But no, they do own 14 million shares!
So let’s do the math!
Fact #1. There are 5.3 million shares Society Pass outstanding. 5,361,919 shares to be exact.
Fact #2. At $1.50 the market capitalization is $7,950,000
Fact #3. As of June 30th, they had $8,218,805 in cash and equivalents. Wait – what?
Fact #4. They own 14 million shares of NusaTrip worth $56,000,000. Wait, what-what?
So net net, they have $8 million in cash, and an asset worth $56 million for a total of $64 million — versus a market cap of $7.9 million.
In case your not good at math, that works out to $12.80 a share.
Behind this, there is a possibility of another portfolio company, Thoughtful Media going public. If that happens, it will overnight become an institutional grade company – as Wall Street begins to understand that this can be done over and over again, in the years to come.
If they can do this ten more times in the next five years – at just a similar pricing ($50 million), they could have a portfolio worth half a billion or $500 million.
Please view these ‘facts’ in the most recent quarterly.
NUSA TRIP SHARES (NUTR) – HELD BY SOCIETY PASS (SOPA)
See Page 87:
INTERESTINGLY, from what we read on the message boards (Twitter, Stock-Twits, etc), it appears the public at large are unaware of the event.
They don’t have a clue, they just like it – because it’s been going up. So don’t tell two friends. Keep it to yourself for a little while. Eventually, they will find out.
LAST PRE-IPO RUN
Here is the list of upcoming, priced and withdrawn (yes some deals never make it) on the NASDAQ IPO site.
Here’s our opinion. And yes, they are a client so we have been retained to provide ongoing reporting and news coverage. This IS NOT a trading idea. As we originally stated, this is a long term hold.
Yes, once the Wall Street traders eventually get wind of this (it could be weeks or months), they could run it like mad, like last time (so it may be hard to sit pat). But we think this is a 3-5 year hold minimally.
And it really doesn’t matter to us how NusaTrip performs in the aftermarket. The higher the better of course, but what really matters is this proves their gameplan.
Here is what COULD happen (not for sure) in the coming years.
As a reminder, the function of an incubator is #1. Find exciting start-ups and acquire a stake in them. #2. Fund them and boost their technology (and users) and management and accounting practices. #3. Spin-off the company via an IPO or sell it to a major player (think Facebook).
Here’s the thing about #1 above – which we feel is the hardest part – finding companies to acquire. Let’s say the incubator discovers a start-up run by a bunch of kids .. working in a garage or basement in Singapore. They’ve invented an amazing new app, but they don’t have the money to take it (or the company) to the next level.
So you (the incubator) come-a-knocking. The incubator offers them a little bit of money (or stock) to acquire a stake, or to acquire all of them. They don’t take start-ups public in Singapore like they do in the US, nor do they have funding groups for good privately held ideas – like they have here in Silicon Valley..
They listen your offer and they say “Wah lau/Wah piang” or “Oh my gash, wait what” in English. And then the incubator never hears back from them again. The management at the start-up had no idea what your talking about.
Now after this IPO, you knock on the same door and say “..we acquired and groomed NusaTrip to get listed in the United States on NASDAQ and now it’s valued at $75 million.” Now they reply ZAI! or amazing, great, let’s do it in English.
So BIGGER PICTURE this IPO event bolsters the Society Pass prowess and strength for closing dealsby ten-fold, in our opinion. This IPO will receive local press coverage in Singapore – which (again in our opinion) which will result in start-ups knocking on the Society Pass door – meaning better ‘deal-flow.’
Meaning a better chance of finding the next Tik-Tok or Temu.
So in sum what really matters, is what will they find to incubate in the future? It could be dozens of smaller deals. And they only need one deal, which again could be the Asian based version of Tik-Tok or Temu.
The most famous Incubator doing this (they call themselves Accelerators) is Y-Combinator, which was launched by 40 year old Sam Altman, now worth $2 billion as CEO of OpenAI. We suggest you study the
Companies INCUBATED via Y Combinator (YC)include Airbnb, Coinbase, Cruise, DoorDash, Dropbox, Instacart, Reddit, Stripe, Scale AI, Deel, Helion Energy, and Twitch. They have funded 5,000 start-ups which COMBINED now have aN $800 billion value. While not public, we are sure if it was – some investors (traders) might have bought YC at $2.00 and sold at $6.00 Y-Combinator website.
This is why we say this is a long-term deal. This, as we used to say at Drexel Burnham in the 80’s, is a bottom-drawer deal. Request your broker to send you the Society Pass stock certificate, put it in your bottom drawer and don’t open the drawer for 5 years.
That would have been the strategy to hold YC had it been public.
Think of Tesla being in your bottom drawer. Some investors bought at an equivalent of $1.60 and sold at $5 and were celebrating and dancing a jig. The rest is a horrible history for those traitors – we mean traders. A $10,000 stake in Tesla from (split-adjusted basis, June 29, 2010, was $1.59) grew to $2,075,370.
The Society Pass plan is now officially working. As a shareholder, should you choose to be one – give them time (years) to fully roll it out..
Their potential is enormous.
This weekend we will be writing a lengthy full coverage report. In the meantime, do your own homework by reading the most recent 10Q with a big tall cold one. Beach reading.
For the Quarterly Period Ended March 31, 2025
PRE-OPENING CHART
CHART, POST IPO PRICING
SUBSCRIBE to get our Society Pass Updates. We expect to be reporting on this for years.
DISCLAIMER
Cautionary Note Concerning Forward-Looking Statements
This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. Client, SOPA has retained Institutional Analyst Inc, (IAI) for ongoing news coverage and reporting with a combination of equity and cash totaling nine-thousand dollars per month. See upcoming report for full disclosure and disclaimer details. Neither IAI for the Company undertakes an obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Media Contact:
Raynauld Liang
Chief Executive Officer
ray@thesocietypass.com
