India has about 100 unicorns, which includes names like Swiggy, Ola, Nykaa, etc., and 170 soonicorns, such as Ather Energy, SUGAR Cosmetics, Dunzo, and others. With the start-up ecosystem maturing in the last decade, the time taken to reach the $100 million-mark has decreased significantly to just five years now, a new report by Redseer … Read more
With Mamaearth facing flak on social media and financial experts alike for its supposedly inflated valuations ahead of its IPO, the FMCG company’s founders issued a clarification on Wednesday through a Twitter thread. “Sharing a thread to throw some clarity on all the noise around valuations around our prospective IPO,” co-founder Ghazal Alagh started her … Read more
For the first time in years, valuation-focused advisers have something to brag about as they approach the end of year. This end-of-year period is when it’s traditional to review prior-year forecasts, celebrate successes and evaluate what went wrong with failures. A year ago, I reported that the valuation models with the best track records were … Read more
Atlassian Corp. shares dropped in the extended session Thursday after the business-collaboration software company’s earnings and revenue outlook fell short of Wall Street expectations as executives saw signs of economic weakness taking hold. Atlassian TEAM, +1.03% shares plummeted 23% after hours, following a 1% rise in the regular session to close at $174.17. The company … Read more
Elon Musk’s latest lofty prediction for Tesla (TSLA) looks pie in the sky, even by his standards. “I see a potential path to be worth more than Apple and Saudi Aramco combined,” Musk proudly proclaimed on the company’s earnings call on Wednesday. Doing the math, that would put Tesla’s worth at about $4 trillion at … Read more
Markets Heard on the Street Third-quarter results were only bad relative to the sky-high expectations Tesla sets, but valuation remains the elephant in the room Source link
Intel disclosed on Tuesday that it is targeting a maximum valuation of less than $16bn for the initial public offering of its Mobileye autonomous driving unit, as Wall Street continues to recoil from retreating tech stocks and other recently listed companies’ weak performance. Mobileye hopes to sell its shares for $18-$20 apiece, giving it a … Read more
WSJ News Exclusive IPOs A target valuation of under $20 billion is expected, down from $50 billion Source link
Major decentralized exchange (DEX) Uniswap (UNI) is in the early stages of raising significant funds to further expand its decentralized finance (DeFi) offerings, according to a new report. Uniswap Labs, a DeFi startup contributing to the Uniswap Protocol, is engaging with a number of investors to raise an equity round of $100 million to $200 … Read more
(Bloomberg) — Grim milestones keep piling up for Chinese stocks listed in Hong Kong. Most Read from Bloomberg As September draws to an end, the Hang Seng China Enterprises Index has lost 14% to rank as the worst performer among major equity benchmarks globally this month. Hovering around the lowest since the global financial crisis, … Read more