Media reports are swirling
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Not happening. Jones business model doesn't work as a public company, wouldn't be able to compete with the other guys who allow more control in the hand of the client. Wouldn't be attractive enough for IPO. There would be no reason to buy the stock unless the company did some major changes to the operating model.
@ak I think Penny would be better compensated than that if the company went public. Plus, this may be a multiyear initiative to finally go public take a golden parachute in three years when the old lady ages out.
Think about it logically for a second... what executive would trade $30M in cash compensation for maybe a couple mil in cash + tens of mils in stock options.
I wouldn't. Plus, changes being implemented (if you believe it) take the decision out of the hands of the MP and require consent of the MP, ELT and majority of GPs to alter the current partnership structure.
Selling out or going public doesn't make logical sense. The risk may not be zero, but I do believe it's extremely low.
Are the media reports in the room with us?
Haha what media??