On this week's episode of the PPW Podcast, Simon Baker and Harvey Hancock discuss the complex, expensive and sometimes dangerous experience of being a publicly-listed company. From an overview to the listing and delisting process, to a few anecdotes and "zoom-out" questions, this is an excellent introduction to what being part of public company is really like. 0:00 intros 2:45 Breaking down public companies 9:21 Once you're listed... 12:20 Managing expectations (efficiently) 17:35 What is the profile of a company that is ready to go public? 20:06 Delisting 30:15 Wins and losses 33:25 A company Simon admires 34:30 The future of public vs private ownership 37:10 Final Barcelona conference pitch and goodbyes

Harvey Hancock and Simon Baker jump onto their second emergency podcast in as many weeks after Rightmove rejected a takeover bid by Australia's REA Group. Will a bidding war emerge? What premium needs to be offered to entice Rightmove shareholders to sell? Will a takeover even happen? 0:00 intros 2:52 What's happened? 10:00 Market dynamics and shareholder reactions 17:23 Will a high premium scare off bidders like CoStar? 19:00 Does Simon foresee a bidding war? 21:00 Vendor Paid Advertising 24:00 Has Rightmove's share price already hit its all time high? 27:00 next episode teaser and goodbyes

On this week's episode, Joe Hanna from Fusion 4 Ventures joins Simon Baker and Harvey Hancock to discuss all things scaling and exiting. With multiple exits under their belts, Simon and Joe get into basics, wrong turns, and pragmatism, among other topics.

Please note there are some audio issues in this episode - but the conversation was good enough to warrant publishing the conversation anyway. Apologies for any inconvenience for listeners - keep your fingers on that volume button.

00:00 Introduction and Updates

02:58 Scaling and Exiting in the Real Estate Industry

08:04 Challenges and Strategies in Scaling and Exiting

14:51 The Connection Between Scale and Exit

19:07 Top Mistakes in Scaling and Exiting

21:28 Preparing for an Exit: Growth, Profitability, and Cost Synergies

24:35 Reducing Key Person Risk and Ensuring Company Independence

26:49 The Role of Fusion 4 Ventures in the Acquisition Process

28:53 Flexible Payment Schemes for Advisory Services

40:21 The Importance of a Realistic Understanding of the Process and Valuation