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Zomato Files for $1.1 Billion IPO, Info Edge will gain $100 million

28Apr By PriyankaNo Comments

Market

Zomato Files for $1.1 Billion IPO, Info Edge will gain $100 million

Bengaluru, 04/28/2021: India-based food delivery company Zomato files for a $1.1 billion IPO, and through this IPO its initial investor Info Edge will earn $100 million (Rs 750 crore) in the initial public offering. In a regulatory filing, Zomato is proposing IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd. On a fully converted and diluted basis, Info Edge's effective stake in Zomato stands at 18.4 per cent. "The Board of Directors of the Company today considered and have given their approval to the company to participate in the said Offer for Sale of up to a such number of shares of Zomato Ltd as would aggregate up to $1.1 billion (around 7500 crores)," it added. The terms and conditions of these...

Deliveroo IPO listing, Valuation could reach around $10 to $12 billion

25Mar By AnkitaNo Comments

Market

Deliveroo IPO listing, Valuation could reach around $10 to $12 billion

London, 03/25/2021: UK-based food delivery service Deliveroo said it plans to go public on April 4 via the London Stock Exchange at a price range of $5.35 to $6.32 per Share. The IPO listing could value the company around $10.5 billion to $12.1 billion. The Offer will comprise of new Shares to be issued by Deliveroo expecting to raise approximately $1.4 billion and existing Shares to be sold by certain existing shareholders. Will Shu, Founder, and CEO of Deliveroo said, "We are proud to be listing in London, the city where Deliveroo started. Becoming a public company will enable us to continue to invest in innovation, developing new tech tools to support restaurants and grocers, providing riders with more work and extending choice for consumers, bringing them the food they love from...

Online Learning Platform Coursera files for IPO

8Mar By AnkitaNo Comments

Market

Online Learning Platform Coursera files for IPO

MOUNTAIN VIEW, Calif., 8th March 2021-- Online learning platform Coursera has filed for an IPO with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Coursera has applied to list its common stock on the New York Stock Exchange under the ticker symbol “COUR”. Morgan Stanley and Goldman Sachs & Co. LLC will act as lead book-running managers for the proposed offering. As per the IPO filing, Coursera 51 percent revenue came from outside the US. The online learning platform reported a 59 percent revenue increase in 2020 that came from over 77 million registered users. More than 2,000 businesses (including 25 pe...

Commercial Versus Residential Mortgages: What Are the Differences?

1Mar By AnkitaNo Comments

Market

Commercial Versus Residential Mortgages: What Are the Differences?

Owning your own business is a long-standing dream for many, but once you’ve accomplished it, the hard work doesn’t stop. Chances are you’ll want to see your venture grow, and the bigger it becomes, the more there is for you to consider. It may get to a point where you’re looking at purchasing rather than renting suitable business premises. It’s a big step to take, and one you should educate yourself on before going ahead. So what do you need to know? One of the biggest mistakes business owners make pre-purchase is assuming that commercial property mortgages function in much the same way as their residential counterparts. Unfortunately, this is not the case, and it’s something you ought to be aware of. Here are just a few of the ways the two differ. Lending criteria When y...

South Korea eCommerce platform Coupang revenue surge ahead of IPO

15Feb By reutersNo Comments

Market

South Korea eCommerce platform Coupang revenue surge ahead of IPO

South Korean e-commerce giant Coupang Inc revealed rapid revenue growth and narrowing losses in its filing for a US stock market debut, as the SoftBank Group Corp-backed company looks to cash in on strong demand for high-growth tech stocks. Founded in 2010 by Harvard graduate Bom Kim, Seoul-based Coupang made a splash with its 'Rocket Delivery' service that promised delivery within 24 hours, in a sharp blow to the country's family-owned retail conglomerates such as Shinsegae and Lotte. Coupang on Friday disclosed total revenue jumped 91% to $11.97 billion in 2020 from a year earlier, while net loss narrowed to $474.9 million from $698.8 million. The company, viewed as a local rival to e-commerce giant Amazon.com Inc, received $1 billion in funding from SoftBank in 2015 and $2 bil...

Taboola Ready to Listed on NYSE After Merger with ION

25Jan By NitishNo Comments

Market

Taboola Ready to Listed on NYSE After Merger with ION

New York, NY – January 25, 2021 – Taboola, has entered into a definitive merger agreement with ION Acquisition Corp. 1 Ltd. (NYSE: IACA) under a special purpose acquisition company. The merger makes Taboola valuation approx $2.6 billion and Taboola expects to have $600 million of cash and cash equivalents on its balance sheet at closing. Prior to this merger Taboola raises $160 million and had approximately $240 million of cash and cash equivalents on its balance sheet. After the acquisition, Taboola name and will trade on the NYSE under the new symbol “TBLA”. The transaction is expected to close in Q2 of 2021. Founded in 2007 by Adam Singolda, Taboola enables digital property owners to harness the value of AI-driven recommendations and offers advertisers a way to effectively acc...

Financial Psychology: The Art of Knowing How to Invest

14Dec By AnkitaNo Comments

Market

Financial Psychology: The Art of Knowing How to Invest

If you want to make smarter decisions about money, you can benefit from learning a bit of psychology. Experts in this field have been dissecting consumer and investor behaviour for decades. Today, there are plenty of insights that can improve your relationship with money. Whatever your situation, this knowledge will help you grow your wealth. Humans are irrational things by nature, and they make poor decisions with money all the time. Discover the way psychology and finance are connected. These takeaways will help any trader or investor in India. When Economics and Psychology Come Together Psychology and economics are pretty different subjects. The former is concerned with human behaviour, emotions and cognition. Economics studies the ways we produce, consume and transfer wealth....

Airbnb boosts IPO price range as it looks to raise $3.09 billion

8Dec By reutersNo Comments

Market

Airbnb boosts IPO price range as it looks to raise $3.09 billion

California, LA, 8th December 2020: Airbnb Inc expects to raise up to $3.09 billion in a stock market launch later this week after boosting its price range, capping a stunning recovery in its fortunes after it was heavily damaged by the COVID-19 pandemic earlier this year. The U.S. home rental firm plans to sell 51.6 million shares at between $56 and $60 apiece, it said in a regulatory filing on Monday. It had earlier targeted a price range of between $44 and $50 per share for 51.9 million shares. At the upper end of the new range, Airbnb would have a fully diluted valuation, which includes securities such as options and restricted stock units, of $41.8 billion. This is well above the $18 billion Airbnb was worth in an April private fundraising round in the early weeks of the pand...

DoorDash Launch Its IPO, Price Offer between $75 & $85 per share

30Nov By AdityaNo Comments

Market

DoorDash Launch Its IPO, Price Offer between $75 & $85 per share

SAN FRANCISCO, Nov. 30, 2020 -- DoorDash announced that it has launched the roadshow for the initial public offering of its Class A common stock. DoorDash is offering 33,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $75 and $85 per share. The shares are expected to trade on the New York Stock Exchange under the symbol "DASH." DoorDash is a technology company that connects customers with their favorite local and national businesses in more than 4,000 cities and all 50 states across the United States, Canada, and Australia. Founded in 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to...

Didi Chuxing considers going public in 2021; targets $60-bn valuation

21Oct By reutersNo Comments

Market

Didi Chuxing considers going public in 2021; targets $60-bn valuation

Hongkong, 21st Oct 2020: China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous aims to list in New York amid rising Sino-US tension. Didi, backed by technology investment giants SoftBank , Alibaba, and Tencent, has started initial talks with investment banks for the long-awaited IPO, according to three people. The people spoke on condition of anonymity as the information, including the identity of the banks, was private. The people said the Beijing-based company is targeting a valuation of more than $60 billion by the time of launching the IPO, expected as soon as in the first half of 2021. Founded eight years ago, Didi has begun generating h...

21Oct By AdityaNo Comments

Market

Datto Raises $594 Million in its IPO

NORWALK, Conn., 21st Oct 2020-- Datto Holding Corp (NYSE: MSP) the leading global provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers announced the pricing of its initial public offering of 22 million shares of its common stock at a price to the public of $27 per share. The underwriters have the option to purchase up to an additional 33 million shares of common stock from Datto at the initial public offering price, less underwriting discounts and commissions. The shares start trading today on NYSE under the ticker symbol “MSP” raised $594 million in an initial public offering. The offering is expected to close on October 23, 2020, subject to customary closing conditions. Datto will receive net proceeds of approximatel...

Starbucks Announces 10% Increase in Quarterly Cash Dividend

1Oct By PriyankaNo Comments

Market

Starbucks Announces 10% Increase in Quarterly Cash Dividend

SEATTLE, Oct 1st 2020-- Starbucks Corporation (NASDAQ: SBUX) announced that its Board of Directors approved a 10% increase in the Company’s quarterly cash dividend. The quarterly cash dividend will increase from $0.41 to $0.45 per share and will be effective with the dividend payment to be distributed on November 27, 2020 to shareholders of record on November 12, 2020. This increase raises the Company’s annual dividend rate to $1.80 per share. “The Board’s decision to raise our quarterly dividend demonstrates confidence in the strength of our recovery and the robustness of our long-term growth model,” said Kevin Johnson, Starbucks president, and CEO. “Our cash flow generation is strong, and we remain committed to reducing our financial leverage while continuing to invest for fut...