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A Zomato 2022 Update: Value, Pricing and the Gap

Musings on Markets

On July 21, 2021, I valued Zomato just ahead of its initial public offering at about ? 41 per share. The market clearly had a very different view, as the stock premiered at ? 74 per share and soared into the stratosphere, peaking at ? 169 per share in late 2021. I summarized my valuation in a picture: I valued the company at close to ?41,

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China's Tech Crackdown: Its about Control, not Consumers or Competition!

Musings on Markets

In the last year or so, Chinese tech companies, including shining stars like Alibaba, Tencent and Didi have also woken up to this recognition, and investors have had to readjust their expectations for these companies.