Origin Energy boss Frank Calabria may have made one of the best venture capital bets in Australian corporate history, but it’s hard to see how it could be the right time to spin it into listed markets any time soon.
If his utilities software bet Kraken Technologies was worth $US8.65 billion ($12.16 billion) in December, and we’re talking about a public markets valuation to be achieved at an initial public offering, it would be worth 20 per cent or 30 per cent less today.
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