For the record, we are not traders. And that ‘not-something-moniker’ dates back to 1995. So while it’s nice to see it perking up, we have been following Society Pass for quite sometime now, and we expect to be following it for an even longer period of time. By that, we mean for years to come.
So a double in a short period of time, while nice – doesn’t exceed our “well isn’t that nice” level of excitment. No extra round of cocktails tonight – it’s just another day. Unlike January 1st, in Philadelphia for the upcoming Mummer’s Parade!
Starts at 11am and goes until 7pm. It will be EPIC.
If we can use a baseball analogy – we would describe Society Pass’s corporate activity, up until they spun off their first portfolio holding into a publicly traded company status, as ‘pre-season.’
That period would be from 2023 to August of 2025, when they spun-off one of their holdings, with a $15 million raise (and a $56 million valuation), while retaining ownership exceeding 70%.
Here’s another baseball analogy. If your favorite baseball team hits a bases-full, home run in the first inning, you wouldn’t leave the ballpark would you? Hal no, the game just started!
CHART | PRE-SEASON*
*Unlike baseball, a single ‘inning’ in the corporate world can be 2-3 years long – not 20-30 minutes long. And a game can last more than a decade. Y-Combinator was launched 20 years ago and has incubated names like AIRBNB, Stripe, Coinbase and Coinbase. See full list and valuations below.
CHART | RECENT
RECENT HEADLINES
Society Pass Incorporated Announces Pricing of $3 Million Public Offering. Closed small $3 million offering @ $2.00.
TMG Social Media Update. Announced the launch of TMG Social (TikTok: @TMGSocial), TMGX’s live commerce digital retail advertising platform in Thailand, as part of efforts to capture significant market share of what Bain & Company projects is a $90 billion social commerce market, and redefine the live commerce experience in SEA.
Greenridge Global Capital Update. Greenridge is optimistic on the near term and long-term outlook on Society Pass and its operating assets, and as such reiterating its Buy rating. Based on valuation, Greenridge issued a target of $25.00. Greenridge Global or an affiliate of Greenridge Global has managed or co-managed a public offering of the security of the subject company in the last 12 months. Official Report.
Ascendiant Capital Markets Update. Ascendiant maintains valuation very attractive: Ascendiant maintains BUY rating and raises its 12-month price target to $22.50 from $22.00, based on a NPV analysis, representing significant upside from the current share price. Ascendiant believes this valuation appropriately balances out SOPA’s high risks with its high growth prospects and large upside opportunities. Ascendiant Capital Markets, LLC is a broker-dealer registered with the United States Securities and Exchange Commission (SEC) and a member of the FINRA and SIPC. Ascendiant may have a business relationship with companies covered in its reports. Ascendiant Capital Markets, LLC may make a market in the securities of the subject company. Official Report.
Internet Stock Review Update $1.36. For the record (or as a reminder), Society Pass Incubates or Accelerates start-ups, with the expressed goal of grooming their portfolio companies, to the point of sale or spinoff, to monetize their investment.
Before the actual spin-off was recently completed, it was merely a gameplan or dream. Then it suddenly became a reality, and the shares traded as high as $6.28 on record volume of 209 million shares.
A curiousity of what they could next acquire, and spin-off in the future, came into the minds of investors. What if Society Pass could incubate and take public and additional three or four companies? What would things look like, if they incubate 20 or 25 more companies?
OLDER HEADLINES
Internet Stock Review Update, Society Pass (SOPA). One of Our Best Ideas Ever? The Society Pass’s market valuation is currently under $8 million, which is in our opinion is absolutely insane. We are down slightly since adding it to the Watch List at $1.20 a month ago.
Internet Stock Review Update, Is Society Pass (SOPA) $1.43, a $14.30 Stock? Like we said, only time will or can tell, but one analyst – Ascendiant Capital Markets – has a $15 target (see below). We mentioned $14.30 in the headline, because that’s exactly 10X from here, and because it sounds cooler (more memorable) than $15.00. We spent the weekend reading about Society Pass (SOPA) and we are wildly enthusiastic. The more we read (older 10K’s, 10Q’s, S-1’s and the like) the more excited we get. We suggest (urge) you read the same. As we used to say at Drexel Burnham back in the 80’s, “..we are highly confident.”
Internet Stock Review Update, It’s Official. Incubator Society Pass (SOPA) Spins Off It’s First NASDAQ Listed Portfolio Company. All Systems Go. 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!
Internet Stock Review update. Doing a Deep Dive into Society Pass (SOPA) $1.20. About a year ago things got interesting when they stated in a press release, “..gearing up for the upcoming IPOs of its key subsidiaries, NusaTrip.com and Thoughtful Media Group.” Wait a minute, our dream is finally coming true?
Y-Combinator | Top 10 Performing Portfolio Holdings
Y Combinator, LLC (YC) is an American technology startup accelerator and venture capital firm launched in March 2005 which has been used to launch more than 5,000 companies. The accelerator program started in Boston and Mountain View, relocated to San Francisco in 2019,
In 2009, Y Combinator secured a $2 million investment led by Sequoia Capital, enabling increased annual funding for around 60 companies.Sequoia further supported YC in 2010 through an $8.25 million funding round, bolstering the organization’s capability to accommodate a growing number of startups.
Most Valuable YC Companies (approximate valuations)
- Airbnb – ~$90 B+ valuation; one of the largest travel marketplaces in the world.
- Stripe – ~$50 B+ (often cited even higher in some sources, historically up to ~$95 B).
- Coinbase – ~$60 B+ public market cap (leading crypto exchange).
- DoorDash – ~$40 B+ public market cap (dominant food delivery marketplace).
- Instacart – ~$9 B+ valuation (grocery delivery).
- GitLab – ~$8 B+ public market cap (DevOps platform).
- Dropbox – ~$7 B+ public market cap (cloud storage & collaboration).
- PagerDuty – ~$2 B+ market cap (digital operations management).
- Ginkgo Bioworks – ~$600 M+ (synthetic biology platform; valuation varies with funding rounds).
- Amplitude – ~$900 M+ valuation (product analytics platform)
The total value of YC companies exceeds $600 billion. Top 100 Portfolio Holdings
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 for 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
