Batchelor was one of two analysts to rate Mastercard IPO a buy
Ryan Batchelor · Ryan Batchelor – Clifford Capital Partners (Manager Meetings, EP.11) · Sep 16, 2021 · at 23:13
Ryan Batchelor, co-founder of Clifford Capital Partners, describes his time as an equity research analyst at Morningstar covering Mastercard ahead of its public debut.
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“So in 2007, the first time Morningstar had actually done a pre IPO analysis of a company was Mastercard. And I was pegged to cover Mastercard before there was any price on the stock. Morningstar usually had publicly available prices. So this was a first building evaluation model around a company that hasn't traded yet. And I was one of only two analysts at the time of the IPO that actually had Mastercard as a buy.”
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