Morgan Stanley | Pixr8 News

Nspira Management Raises Around $75 Million Funds

12Jul By Gauri SinghNo Comments

FUNDING

Nspira Management Raises Around $75 Million Funds

Hyderabad-based education service provider Nspira Management announced that the company has secured around $75 million in a funding round led by Morgan Stanley Private Equity Asia. Banyan Tree Growth Capital II also participated in the funding round. As part of the recent transaction, a fund managed by Morgan Stanley Private Equity Asia has invested about $ 67 million of primary capital into the company for a minority stake. “We will be deploying the funds to scale our business geographically, increase our client base, develop cutting-edge education products, modernise our facilities and scale up our digital business,” Puneet Kothapa, MD of Nspira Management said. “We will also opportunistically evaluate inorganic opportunities that are synergistic with our core business and help us...

Online Education Company Pluralsight Marks a Debut on Nasdaq

18May By Lavina TolaniNo Comments

Market

Online Education Company Pluralsight Marks a Debut on Nasdaq

Online Education Company Pluralsight marked a debut on Nasdaq on Thursday with its shares trading at an opening price of $20 per share, roughly 34 percent above the $15 price at which the company had priced its initial public offering. Interestingly, the stock marked a close at the same price it had opened. Pluralsight is a publicly held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. The company has raised $310 million in its initial public offering. Pluralsight has first filed for public listing on April 16 while competing against Alphabet's YouTube, Cornerstone OnDemand and Microsoft's LinkedIn Learning. It had initially estimated a price share between $10 and $1...

Xiaomi Files for “World’s Biggest” IPO Application in Four Years

4May By Lavina TolaniNo Comments

Market

Xiaomi Files for “World’s Biggest” IPO Application in Four Years

China's Leading Smartphone and Device Maker Xiaomi has filed for Hong Kong initial public offering on Thursday, which is being considered as one of the largest listings by a Chinese organization in almost four years i.e since 2014. The announcement came right after company's official revenue posting that stood at 114.62 billion yuan (USD 18 billion) in 2017, up from 67.5 percent from 2016. The company also reported a net loss of 43.89 billion yuan in 2016. Xiaomi's IPO will mark the first listing in Hong Kong to happen after new rules (dual-class shares implementation) that will target to garner more tech listings, in the backdrop of a competition ongoing between Hong Kong, New York, and the Chinese Mainland. As per sources obtained from Hong Kong Exchanges & Clearing Limited,...

Morgan Stanley Again Marked Down Valuation of Flipkart

27May By NitishNo Comments

News

Morgan Stanley Again Marked Down Valuation of Flipkart

A mutual fund group governed by Morgan Stanley has further reduced the valuation of India's biggest e-commerce portal, Flipkart. Flipkart shares markdown by 15.5%. This is the second consecutive markdown by Morgan Stanley, after it had marked it down by 27% in the previous quarter. Morgan Stanley has marked the value of their Flipkart shares at $87.9 per share as of March 2016, down from $103.97 per share as of December 2015 and down 38.2% from $142.24 per share as of June 2015. The markdown pegs Flipkart's valuation at $9.39 billion, as compared to the $15.2 billion when it last raised capital in July 2015. Morgan Stanley had picked up shares in Flipkart as a part of its series D round of funding in 2013, when the Bengaluru-based e-tailer had raised $360 million in two tranches. It ...