Share to Twitter Share to Linkedin Snowflake is the most anticipated IPO of the year. Investors should decide in advance how much they are willing to pay as Snowflake will test the upper limits of what it means to have a stretched valuation. Heck, the company has even inspired value-legend Warren Buffet to change his thesis and invest in an IPO prior to profitability (!) Perhaps because the company delivered sky-high revenue growth last fiscal year of 173% and 121% in the most recent quarter with a record-breaking net retention rate of 158% — which is the highest of any public cloud company at time of listing. These industry-leading numbers are due to the company disrupting the data warehousing market with a superior cloud data platform that delivers across key differentiators (we review this below). Despite Snowflake demonstrating excellent product-market fit, clear competitive advantages, and strong management — no company is perfect. We go over a few … [Read more...] about Snowflake IPO: In-Depth Analysis
Best ipos to invest in 2019 india
Indonesia’s Harita Group Aims To Raise Nearly $1 Billion In Nickel Unit IPO
Share to Twitter Share to Linkedin Indonesia’s Harita Group is selling shares in its nickel unit Trimegah Bangun Persada in a large initial public offering that could make the net worth of billionaire owner Lim Hariyanto Wijaya Sarwono soar. According to the company’s prospectus , Trimegah Bangun Persada will raise between 14.7 trillion rupiah ($960 million) and 15.1 trillion rupiah ($983 million) by offering up to 12.1 billion shares, or 18% of its total, at a price range of 1,220 rupiah to 1,250 rupiah. The Indonesian miner is aiming to tap rising demand for materials needed to make batteries for electronic vehicles. Trimegah Bangun Persada was founded in 2004, and bought three years later by Harita Group. It has a concession to mine nickel on Obi Island in North Maluku province. Underwriters for the IPO include, among others, BNP Paribas, Citi, Credit Suisse and Mandiri Sekuritas. The shares will begin to trade on the Indonesian Stock Exchange … [Read more...] about Indonesia’s Harita Group Aims To Raise Nearly $1 Billion In Nickel Unit IPO
India Banned TikTok In 2020. TikTok Still Has Access To Years Of Indians’ Data.
India’s 150 million users were forced to stop using the Chinese-owned app in 2020. But an internal tool reviewed by Forbes showed that ByteDance and TikTok employees can still mine some of their most sensitive data. One employee called it “NSA-To-Go.” By Alexandra S. Levine , Forbes Staff A lmost three years after TikTok’s largest market, India, banned the Chinese-owned social media app over geopolitical tensions, troves of personal data of Indian citizens who once used TikTok remain widely accessible to employees at the company and its Beijing-based parent, ByteDance, Forbes has learned. The revelation comes as President Joe Biden’s administration threatens to ban the platform used by more than 100 million Americans if TikTok’s Chinese owner does not sell its stake. Officials in the highest levels of the U.S. government see a blanket TikTok ban as a possible solution to the country’s national security concerns about the potential for China to surveil or … [Read more...] about India Banned TikTok In 2020. TikTok Still Has Access To Years Of Indians’ Data.
India Banned TikTok In 2020. TikTok Still Has Access To Years Of Indians’ Data
India’s 150 million users were forced to stop using the Chinese-owned app in 2020. But an internal tool reviewed by Forbes showed that ByteDance and TikTok employees can still mine some of their most sensitive data. One employee called it “NSA-To-Go.” By Alexandra S. Levine , Forbes Staff A lmost three years after TikTok’s largest market, India, banned the Chinese-owned social media app over geopolitical tensions, troves of personal data of Indian citizens who once used TikTok remain widely accessible to employees at the company and its Beijing-based parent, ByteDance, Forbes has learned. The revelation comes as President Joe Biden’s administration threatens to ban the platform used by more than 100 million Americans if TikTok’s Chinese owner does not sell its stake. Officials in the highest levels of the U.S. government see a blanket TikTok ban as a possible solution to the country’s national security concerns about the potential for China to surveil or … [Read more...] about India Banned TikTok In 2020. TikTok Still Has Access To Years Of Indians’ Data
India’s Lucrative Cricket Women’s Premier League Headed For Spectacular Finish Amid Sell-Out Crowd
Share to Twitter Share to Linkedin About 50,000 giddy fans are expected to witness history on Sunday night for the first-ever Women's Premier League final between Mumbai Indians and Delhi Capitals at Brabourne Stadium. The sell-out crowd - with no free tickets handed out in contrast to earlier matches - underlines the interest within cricket-mad India and will cap what has been a momentous tournament for the sport. The WPL has been hailed a game-changer for women's cricket with top players earning $400,000 for the three-week tournament, naturally attracting interest from stars globally while simultaneously providing a carrot for talented youngsters. There has been serious resources put in by India's all-powerful and affluent cricket governing body, whose bold plan to create a women's version of the money-spinning men's Indian Premier League has captured the imagination of local and international fans. This isn't going to be a flash in the pan … [Read more...] about India’s Lucrative Cricket Women’s Premier League Headed For Spectacular Finish Amid Sell-Out Crowd
India Box Office: Rani Mukerji’s Film Scores Better Than ‘Zwigato’
Share to Twitter Share to Linkedin Rani Mukerji’s new Hindi film Mrs Chatterjee Vs Norway has made a total of $0.78 million over the first weekend of its release while popular comedian Kapil Sharma’s film - Nandita Das’ Hindi movie Zwigato - has collected $0.22 million in India in the first three days of the release. Both the films are made on a small budget and released in limited screens across India. While Zwigato released in 409 screens in India, Mrs Chatterjee Vs Norway released across 535 screens, on Friday, March 17. Mrs Chatterjee Vs Norway earned $0.15 million on the opening day. Mukerji’s film collected $0.27 on Saturday and $0.34 million on Sunday in the country. As per the production house, Mrs Chatterjee Vs Norway made $1.2 million worldwide over the first weekend. Last weekend’s Hindi films released in limited screens in India and do not have huge numbers to boast, but both are being widely appreciated by critics. Mrs Chatterjee … [Read more...] about India Box Office: Rani Mukerji’s Film Scores Better Than ‘Zwigato’
The Future Of Work Now: Morgan Stanley’s Financial Advisors And The Next Best Action System
Share to Twitter Share to Linkedin Rich Brown and Christian Maguire are financial advisors (FAs) for Morgan Stanley in the New York City area. In addition to directly helping clients with wealth management issues, they also head a team—the Franklin Avenue Group—consisting of ten FAs and support staff. Both are credentialed as Certified Financial Planners and have been at Morgan Stanley for many years. Morgan Stanley is the world’s largest wealth management firm and has almost 16,000 FAs, 60,000 employees, and operations in 42 countries. FAs work for the firm’s Wealth Management business, but Morgan Stanley also has investment banking, investment management, commercial banking and other businesses. In 2018, Morgan Stanley rolled out a new capability to its FAs to aid them in their work with clients. Called Next Best Action (NBA), the system is both a platform for personalized communication and engagement with clients, and an AI-based recommendation engine for … [Read more...] about The Future Of Work Now: Morgan Stanley’s Financial Advisors And The Next Best Action System
Kishida says India ‘indispensable’ in ensuring free Indo-Pacific
AFP PREMIUM New Delhi, India ● Tue, March 21, 2023 Japanese Prime Minister Fumio Kishida on Monday called India vital to ensuring a free and open Indo-Pacific after talks with his counterpart touching on shared concerns about China. Speaking in New Delhi after meeting Prime Minister Narendra Modi, Kishida laid out plans for billions of dollars in investments in infrastructure and other sectors across the region. "I have described Japan's plan to develop a free and open Indo-Pacific. To achieve this, India is an indispensable partner," Kishida said. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 premium articles for free Already subscribed? login Or let Google manage your … [Read more...] about Kishida says India ‘indispensable’ in ensuring free Indo-Pacific
America’s New Major League Cricket Has A Footprint From Cashed-Up India
Share to Twitter Share to Linkedin After years of intrigue and anticipation, and of course speedbumps that has been the norm for a long troubled sport in a goldmine of a location, Major League Cricket was spectacularly unveiled in Houston on Sunday. With a pool of overseas stars limited - due to international commitments and India's contracted players unable to play beyond their homegrown Indian Premier League - the MLC did well to recruit several well-known players still at their peak. Salary caps were reportedly around $1 million per team with top players set to receive similar remuneration per game to cashed-up start-up leagues in the UAE UAE and South Africa. Also drafted were a host of expat players, who are flying the flag for a pro cricket league hoped to finally fuel the rise of cricket in the world's biggest market. While born and bred players were perhaps predictably outnumbered, MLC is hoped to spark interest in the younger … [Read more...] about America’s New Major League Cricket Has A Footprint From Cashed-Up India
Avoid An SVB-Style Default And Match Your Investments With Your Goals
Share to Twitter Share to Linkedin “Held-to-maturity” is a phrase that has been thrown around a lot in the days following Silicon Valley Bank’s implosion. Here’s what it means, why it matters, and how you might avoid SVB 's VB fatal mistakes in your own personal financial planning. SVB received an enormous amount of deposits from enterprising venture capital firms in the post-pandemic boom of late 2020 through 2021. At the time, the Fed Funds rate was a lofty zilch, zero, nada. So, in order to earn something—anything—SVB invested in high(ish)-quality debt instruments with longer maturities, like mortgage-backed securities, and placed them in their “held-to-maturity” book of investments. They knew that if interest rates rose, those debt securities would lose value on paper, but if they waited for them to mature, they should still receive a return of their principal and some interest along the way. But, as the Fed raised rates, SVB’s banking … [Read more...] about Avoid An SVB-Style Default And Match Your Investments With Your Goals