Private equity market

Share to Twitter Share to Linkedin Every market selloff presents opportunities. The iShares Emerging Markets ETF EEM is down -17% year-to-date. Even though Emerging Markets are notoriously volatile, this region is attractive due to its outsized growth potential. According to Lazard Asset Management , Emerging Market (EM) economies are responsible for about 60% of global growth, yet only represent about 13% of the MSCI All Country World Index ACWI . This gap won’t disappear overnight, but it bodes well for EM’s long-term investment prospects. EM has faster economic growth due to relatively attractive demographics and ongoing urbanization. If you’re a long-term investor, adding emerging markets exposure may also prove timely. Below is a chart of the MSCI Emerging Markets Index compared to the S&P 500 Index, expressed as a ratio. When the line is rising, it means Emerging Markets are outperforming US stocks. When the line is falling, it … [Read more...] about 3 Emerging Markets Stocks That Are Secular Winners On Sale

India’s largest life cover provider Life Insurance Corporation of India (LIC) made a lacklustre debut on the bourses on May 17, with declining nearly 9.4 percent after its initial public offering was subscribed nearly three times last week. The stock opened at Rs 867.20, against an issue price of Rs 949 on the BSE and touched a high and a low of Rs 886.80 and Rs 860.10, respectively. At 10.05am, the scrip was trading at Rs 883.40 on BSE, down 7 percent from its issue price of Rs 949 a share. India's benchmark Sensex rose 0.62% to 53224 points. Corrections in the equity markets globally seem to have hit the listing for the biggest public issue in the history of the Indian capital market. The situation was worsened by mounting inflationary pressure, stricter lockdowns imposed in China to combat Covid outbreak, and an unabated war on Ukraine by Russian forces. After the debut in the market, LIC has become the fifth most-valued Indian listed firm with a market capital of Rs 5.71 … [Read more...] about LIC share lists with 9.4% discount, stock debuts on BSE at Rs 867

Share to Twitter Share to Linkedin Doximity Inc. is scheduled to report earnings after Tuesday’s close. The stock hit a record high of $107.79/share in 2021 and is currently trading near $33/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting: Gallery: The Best- And Worst-Paying Jobs For Doctors 22 images View gallery Earnings Preview: The company is expected to report a gain of $0.15/share on $90.11 million in revenue. Meanwhile, the so-called Whisper number is a gain of $0.18/share. The Whisper number is the Street's unofficial view on earnings. A Closer Look At The Fundamentals: The company’s earnings and sales have steadily grown by triple digits in the last four quarters which is a very healthy sign. Meanwhile … [Read more...] about Earnings Preview: What To Expect From Doximity On Tuesday

Share to Twitter Share to Linkedin NWS Holdings —a unit of New World Development that’s controlled by billionaire Henry Cheng and his family—has agreed to buy six logistics properties in China from Australia’s Goodman Group for 2.29 billion yuan ($338 million) as the Hong Kong-based developer seeks to tap the e-commerce boom, while divesting aircraft leasing firm Goshawk Aviation Ltd. In regulatory filing on Monday, NWS said it and Chow Tai Fook Enterprises, also controlled by the Cheng family, have agreed to sell Goshawk , which owns and manageds over 200 aircraft, to Japan’s SMBC Aviation Capital for a cash consideration of $1.67 billion, valuing the Dublin-based aircraft leasing company at $6.7 billion. “The transaction presents an excellent opportunity for NWS to unlock value for our shareholders and mitigate uncertainties and volatilities caused by macro factors such as changes in interest rates and the Covid-19 pandemic,” Eric Ma, CEO of NWS, … [Read more...] about Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm

Share to Twitter Share to Linkedin I ran into an old acquaintance at the 2022 ACT Expo in Long Beach last week. Terry O’Day has been involved with electric vehicles for over 25 years, and our paths have crossed, indirectly or maybe directly, here and there, over the years. O’Day is currently the Chief Operating Officer of InCharge Energy , and we talked about how InCharge fits into the fleet charging environment in 2022, how thinking through total cost of ownership convinces fleet managers and how cheap solar panels can show us a way to get more EVs to more people . But first, a bit of history . Terry O’Day : I’ve been in the EV charging business since 1996, it was my first job in my career and this is my fifth EV startup. My wife worked on the EV1 marketing and we were in the movie [2006’s Who Killed The Electric Car? ]. Sebastian Blanco : [ Disclaimer: I briefly appear in the sequel, Revenge of the Electric Car , released … [Read more...] about InCharge COO Terry O’Day: Fleet Charging EVs Is About To Get Real

This article first appeared in The Edge Malaysia Weekly, on September 7, 2020 - September 13, 2020. - A + A IT would not be an exaggeration to say that Solarvest Holdings Bhd is the goose that lays the golden egg for building materials distributor Chin Hin Group Bhd. Founded by low-profile businessman and savvy investor Datuk Seri Chiau Beng Teik, Chin Hin is one of the largest companies in its sector. The group reported a net profit of RM7.47 million in its second quarter ended June 30 (2QFY2020) after recording a disposal gain of RM27.8 million from divesting 25 million shares in Solarvest, representing a 6.4% stake, at RM1.25 apiece. Excluding this one-off item, Chin Hin was expected to report a core net loss of RM20.3 million in 2Q, given that all of its business divisions sank into the red as a result of plant shutdowns and reduced activity on the back of the Movement Control Order (MCO). Bursa Malaysia filings show that Chin Hin disposed of 20 … [Read more...] about For Chin Hin, Solarvest is the goose that lays the golden egg

(Representative image) Chennai-based Vivriti Capital, a lender to mid-market enterprises, has raised an additional $30 million as part of its Series C round from TVS Capital Funds, the company said on May 12. The infusion was made through TVS Capital Funds' TVS Shriram Growth Fund 3. The company already raised $55 million in the first close of its Series C funding in March, from existing investors Lightrock and Creation Investments. This infusion takes the total amount of funds raised by the company from external investors to $195 million. While the company did not reveal its exact valuation, it had said in March that the valuation has increased three times from its Series B round, and is now close to becoming a unicorn i.e. a privately held company with a valuation of $1 billion and above, as per sources close to the company. The funds will be allocated between Vivriti Capital, which is a fintech non-banking financial company (NBFC) and its subsidiary Vivriti Asset … [Read more...] about Vivriti Capital raises $30 million from TVS Capital Funds, inches closer to unicorn tag

Razorpay Founders Shashank Kumar & Harshil Mathur B2B payments and neobanking platform Razorpay is looking to get new investors on board through a share sale of $75 million by its employees, the company said on May 10. The purchase will be led by Lightspeed Venture Partners along with participation from Moore Strategic Ventures who will subsequently join the company’s cap table. This will also be Razorpay’s fourth and largest Employee Stock Ownership Plan (ESOP) buyback till date, and the second largest in the startup space after Flipkart’s Rs 600 crore buyback in July 2021. 650 of the startup’s existing and former employees will be eligible for this across roles including software engineers, product managers, customer experience agents, sales, and administrative staff. In December 2021, Razorpay’s valuation had jumped from $1 billion to $7.5 billion after the startup raised $375 million in its largest round. In an interview with Moneycontrol, Razorpay’s founder and … [Read more...] about Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn

LedgerX co-founder Paul Chou is building on the sale of the company he created by raising capital for a new kind of cryptocurrency that can be spent on Earth, the Moon, Mars and beyond. I t’s just before midnight on a rainy autumn Friday. Paul Chou and his entourage dodge puddles on the runway of the Teterboro Airport in New Jersey as they board a Gulfstream private jet bound for Las Vegas. The flight attendant cracks open a bottle of champagne and with a nod welcomes the passengers aboard. The girls disappear into the back and emerge minutes later wearing sequined cocktail dresses and feather boas. Sensing she’s in for a party, the attendant offers a round of tequila shots just as the inertia from the plane taking off to the Bellagio Hotel & Casino forces her laughing into her seat. Ostensibly, Chou, 38, is celebrating not only his birthday but the sale for an undisclosed amount of LedgerX, the ground-breaking bitcoin derivatives firm he co-founded with his wife in … [Read more...] about Bitcoin Trailblazer Raises Capital To Create Interplanetary Cryptocurrency