What the FluxWhat the Flux

The Iconic finally turns a profit | Koala’s IPO reality check | Robinhood’s private strategy

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The Iconic has finally turned a profit after 15 years as it shifts away from growth at any costs…and focuses on the margins.

Mattress maker Koala is heading to the ASX in a $305 million IPO… but it’s a far cry from the valuation it once dreamed of.

Robinhood, the US trading platform, has launched a fund to give retail investors access to private companies …but the market isn’t exactly rushing in.

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