Chrysalis posts 'solid' trading update as holdings appear 'IPO ready'

61% discount to NAV

Chrysalis Investments (CHRY) anticipates several of its holdings will list on the public market soon, according to a trading update published today (30 October).

Richard Watts and Nick Williamson, portfolio managers of Chrysalis, noted "signs of life" in the initial public offering market, pointing to the floats of ARM, Instacart and Klaviyo, while adding that the trust's holding Klarna (7.1% of net asset value) was actively considering listing. The managers said: "We consider both public and private exit routes as viable options. The portfolio contains a number of later-stage assets, either profitable or funded to profitability, that we believe will make very attractive targets in due course, with some considered ‘IPO ready'." Chrysalis NAV g...