Beyond Commerce Inc (BYOC)

[JoeBert]

I honestly wouldn't be surprised to see something very similar to what Blackstone did with Gates, but in the opposite order.

So in 2014, Blackstone bought Gates for $5.4B
https://www.blackstone.com/press-releases/article/blackstone-announces-closing-of-gates-acquisition/

In 2018, Blackstone IPO'd Gates with 38.5M shares and and raised $751M
https://www.nasdaq.com/articles/blackstone-backed-gates-industrial-sets-terms-751-million-ipo-2018-01-12

In 2021, There was a secondary offering of 22M shares.
https://www.streetinsider.com/Corporate+News/Gates+Industrial+Corporation+plc+%28GTES%29+Announces+Secondary+Offering+of+22%2C000%2C000+Ordinary+Shares/18019124.html

Only 60.5M shares offered.
Yet, the OS is 291M shares with a market cap of $5.2B. (no data on Float)
The way I understand it, Blackstone still holds a ton of the value in of Gates as an institution.

I wouldn't be surprised if a private equity firm or institution is accumulating the billions of shares with plans to hold them close to the chest. And essentially taking them out of the float.