Saturday, June 20, 2020 6:21:17 PM
Yes. I don't see a reason for the re-IPO to happen before the election anyway. First, there is too much to be done before a re-IPO (the election is less than 5 months away and MS/JPM were just hired), and second if for some reason Trump doesn't want to deal with the politics of it, waiting until after the election is better in case he loses.
The window you mention is rather narrow, and that is a significant source of risk.
The capital raise doesn't necessarily have to happen before January 15, but waiting past that is a huge risk in case Biden wins the election and (as likely will be the case) is able to fire Calabria.
The best-informed outlets (ACG Analytics, Nomura) project the re-IPO in Q2 2021. However, if Calabria is aiming for that time he is taking the big risk I outlined above.
One very interesting quote by Jamie Dimon was pointed out to me from this piece by Hannah Lang:
That second-to-last word is very telling. It's starting to look like all of this will happen faster than I and others thought.
The person who pointed out this quote also said that Jamie Dimon almost never personally makes statements such as these when JPM gets contracts, but I don't know the truth or significance of that.
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