After realizing that going public isn’t always a cakewalk, many companies are quickly reverting to private ownership. Among the list of public companies going private between 2020-21, ten firms committed to selling themselves to private groups. Only eight companies that went public in
IPOs in the financial technology industry are facing a steep decline. There is a reason to worry regarding the performance of different FinTech IPOs in light of the global epidemic and the recent drop in the Nasdaq. Only 3 of the 46 tracked FinTech companies are trading at a premium to their share price. As […]
The Irish brothers’ John Collison and Patrick, who co-founded the fintech darling Stripe, are looking to raise new capital at a lower value than before as the company mulls over potential IPO options. Since it is uncommon for a startup to obtain capital at a lower valuation, the move has garnered a lot of attention. […]
According to Stock news, the Sensex and the Nifty both fell by 0.51% and 0.56%, respectively, on Monday, indicating a downward trend in Indian equities. Also volatile were the shares of mid and small-sized companies, with the Nifty Midcap 100 rising by 0.08% and the smallcap shares falling by 0.34%, respectively. Check out the most […]
According to the stock news today, a 1,500 crore loan was repaid by Gautam Adani, CEO of Adani Ltd, as part of the company’s efforts to recoup from a drop in group stock prices following a report by Hindenburg Research. The corporation has also agreed to make additional payments towards and prepay a 1,000 crore […]
Amidst all the Fintech layoff news, knowing about several Fintech hiring is encouraging. Kikoff, Addepar, Nium, Human Interest, Emburse, and Collective are among the Fintech companies with open job vacancies. Kikoff is a consumer Fintech firm focused on helping people build their credit and is hiring for ten roles, including senior product manager, associate product […]
In 2021, the Fintech market experienced a remarkable year, with career high deals and financing across all regions, including the United States, Asia Pacific and EMEA. However, global funding and deal volume are expected to fall significantly by 2022. However,the Asia Pacific region led the way in terms of growth, with a combined total US$50.5 […]
When we first enter 2023, Fintech news states that various firms will face the formidable task of raising capital. While some were successful in January, Fintech Aspire has gotten the month off to a strong start in Singapore. The payments firm just received $100 million in series C fundraising, nearly doubling its series B financing […]
Pagaya, an Israeli fintech startup, had a valuation of $20 billion four months ago, making it the most valuable company in Israel at the time. Nonetheless, Pagaya’s market cap has dropped dramatically, from $1.7 billion to $681 million. In June, Pagaya completed a SPAC merger and IPO on the Nasdaq with a valuation of $8.5 […]
In 2020, Alibaba’s stock price hit an all-time high of $317.14, making it a popular investment choice as China’s largest e-commerce and cloud platform company. However, in the past two years, Alibaba has faced various challenges leading to its stock price falling below its IPO price of $68. One significant challenge was a Chinese antitrust […]