Musings on Markets

AUGUST 2, 2021

Just over a week ago, I valued Zomato ahead of its market debut, and as with almost every valuation that I do on this forum, I heard from many of you. Some of you felt that I was being far too generous in my assumptions about market share and profitability, for a company with no history of making money, and that I was over valuing the company. Many others argued that I was understating the growth in the Indian food market and the company's potential to enter new markets, and thus undervaluing th

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Marketability Start-ups Technology Market Risk 52

ThomsonReuters

AUGUST 2, 2021

This blog post looks at special purpose acquisition companies (SPACs)—shell companies created for raising capital to buy an existing, privately held firm and take it public more quickly than would be possible by going the traditional initial public offering (IPO) route, and examines the SEC’s growing focus on their filings. SPACs are attractive because of the speed with which they can take a company public, and because less SEC regulation is involved as compared to a traditional IPO.

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ThomsonReuters

AUGUST 2, 2021

On August 8, 2021, the Summer Olympics in Tokyo (Games of the XXXII Olympiad) will conclude with the closing ceremonies on Sunday evening. These games were delayed a year due to the COVID-19 pandemic. Despite the pandemic and lack of fans in the stands, I have been watching all of the athletes compete with similar excitement and joy as I did with prior Olympic games. .

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