Equidam

JULY 3, 2025

Yet by 2024, DoorDash’s share price had fallen more than 60% from its peak, revealing a fundamental truth about marketplace valuation: GMV alone tells only part of the story. 2024-2025 Marketplace Valuation Trends Recent data reveals a marketplace funding environment that’s simultaneously challenging and selective.

B2B

Musings on Markets

JANUARY 10, 2025

Not surprisingly, the company listings are across the world, and I look at the breakdown of companies, by number and market cap, by geography: As you can see, the market cap of US companies at the start of 2025 accounted for roughly 49% of the market cap of global stocks, up from 44% at the start of 2024 and 42% at the start of 2023.

Risk Premium

Musings on Markets

JANUARY 5, 2024

Beta & Risk 1. Market alpha Many of these corporate finance variables, such as the costs of equity and capital, debt ratios and accounting returns also find their way into my valuations, but I add a few variables that are more attuned to my valuation and pricing data needs as well. Return on Equity 1. Debt Details 1. Buybacks 2.

Dividends

Cooley M&A

OCTOBER 24, 2024

September 2024) and SRS v. September 2024), the Delaware Chancery Courts found buyers liable for failure to comply with negotiated earnout covenants – and in the latter case, awarded the plaintiffs more than $1 billion in damages. July 2024), buyer-friendly covenants enabled the buyer to prevail in an earnout dispute.

Beta

Reynolds Holding

JULY 23, 2023

For the foreseeable future, the antitrust environment will be one of hostility from the DOJ and FTC, and that appears likely to increase toward the end of this year and into 2024. They add the same structural presumption for transactions where the combined share exceeds 30%. ENDNOTES [1] 15 USC § 18. [2] 4] In Brown Shoe Co.

Marketability