Musings on Markets

JANUARY 29, 2021

As you undoubtedly know, the last few days have been filled with news stories of how small investors, brought together on online forums, have not only pushed up the stock prices of the stocks that they have targeted (GameStop, AMC, BB etc.), But what if you think a stock is too highly priced and is likely to go down?

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Start-ups Marketability Banking Finance 52

ThomsonReuters

MARCH 1, 2024

S corporations are required to file their annual tax return by the 15 th day of the 3rd month after the end of the tax year. To be eligible, a business must be in a “specified service trade or business,” such as a lawyer, doctor, consultant, financial planner, or accountant. When are S corps taxes due?

Start-ups 52

Start-ups Dividends Marketability 52

Reynolds Holding

SEPTEMBER 9, 2022

The Securities Act of 1933 was about companies raising money from the public. The basic idea was that the public deserves disclosure and protections not only when a security is initially issued, but also on an ongoing basis when the security is traded in the secondary markets. Congress knew the job still wasn’t done.

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Marketability Compliance Start-ups Banking 49

Lighter Capital

AUGUST 3, 2022

Mergers and acquisitions, SPACs, private equity, and IPOs helped to drive more than 1,150 exits — on average more than three per day, including holidays and weekends. High-growth tech companies, especially publicly traded entities, are down drastically, dimming the luster of IPOs. Pitchbook. ). percentage points.). Lightspeed. ).

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Finance Equity Marketability Business Valuation 52

Cooley M&A

JANUARY 23, 2024

Of course, while blockbuster acquisitions always get the headlines, smaller deals actually commanded the market , pacing at 160% of their 2022 levels. What were the key tailwinds and headwinds that made for a potent mix of dealmaking activity in 2023 that continue to impact the life sciences M&A environment in the early days of 2024?

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Marketability Equity Private Equity Firm Finance 52

Musings on Markets

JANUARY 27, 2021

In my last post , I described the wild ride that the price of risk took in 2020, with equity risk premiums and default spreads initially sky rocketing, as the virus led to global economic shutdowns, and then just as abruptly dropping back to pre-crisis levels over the course of the year.

Start-ups 52

Start-ups Marketability Equity Treasury 52

Brian DeChesare

FEBRUARY 9, 2022

Of course, they may not phrase it exactly like that. Company Types: These firms invest in large, publicly traded companies that serve addressable markets worth tens or hundreds of billions. The recruiting process and day-to-day work at these firms are similar to mega-funds. appeared first on Mergers & Inquisitions.

Equity 52

Equity Banking Start-ups Finance 52

Reynolds Holding

APRIL 3, 2024

One manifestation is the way rules are made these days: very broad proposals, unreasonably short public comment periods, pared back final rules with substantial elements on which the public has not commented, and little SEC engagement in implementation discussions. The recent money-market fund rule is an example of this phenomenon.

Start-ups 45

Start-ups Banking Marketability Compliance 45

Musings on Markets

AUGUST 2, 2021

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. Biryani seems to a much bigger draw, for Indian diners, than it was in the days that I was growing up in India.)

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Marketability Start-ups Technology Market Risk 52

Musings on Markets

JANUARY 12, 2021

Last week, was my data week, where I download and analyze data on all publicly traded companies, listed anywhere in the world, and I will post extensively on what the numbers look like after a most tumultuous year. As we approach the turn of the calendar year, I have my own set of rituals that prepare me for the new year.

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Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

DECEMBER 10, 2021

The Compressed Life Cycle: Implications for Founder CEOs It is a testimonial to how much technology companies have changed the economy and the market that some of the best-recognized names in business are those of the founders of successful technology company. but acted consistently with that story.

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Start-ups Marketability Technology Market Capitalization 83

Reynolds Holding

APRIL 24, 2023

25] Evidence of lack of understanding can include direct evidence, evidence that reasonable consumers were not likely to understand, or evidence based on a consumer’s course of conduct. [26] 29] In addition, low-income consumers may be unable to protect their interests when the only practical way to do so is by paying money.

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Banking Marketability 45

Musings on Markets

APRIL 21, 2022

The company that provides the best contrast to Twitter is Snapchat, another company that I valued at the time of its IPO in February 2017 at $14.4 on its first trading day, before falling on hard times, as Instagram undercut its appeal. billion, with a value per share of $10.91. I beg to differ.

Start-ups 99

Start-ups Marketability Technology Market Capitalization 99

Brian DeChesare

AUGUST 10, 2022

And regardless of your experience, you do need a demonstrated interest in the industry to have the best shot at getting in. If you want a more traditional investment banking experience, Upstream is your best bet – assuming that commodity prices have not crashed recently. Services: 18 (mix of everything, with one notable PE deal).

Banking 82

Banking EBITDA Dividends Equity 82

Brian DeChesare

MARCH 27, 2024

Applications for March/April spring weeks open far in advance (August – October), and it’s “first come, first serve,” so apply as early as possible for the best chance. Outside of IB, various asset managers, hedge funds, consulting firms, and trading firms also run some type of spring week program, but we’re focusing on banking here.

Banking 90

Banking Start-ups Finance Corporate Finance 90

Musings on Markets

SEPTEMBER 19, 2023

Coming in the week after ARM, an AI chip designer, also filed to go public, but with an estimated pricing of $55-$60 billion, it is an indication of how much the ground has shifted under Instacart since the heady days of 2020, when Instacart was viewed by some Americans as the only thing that stood between them and starvation. million shares.

Start-ups 102

Start-ups Marketability Technology Equity 102

Reynolds Holding

FEBRUARY 23, 2023

Kennedy Main Justice building, the building I walk into each day, and the phrase informs our work. The spoofed orders lured other market participants to trade at prices, quantities, or times that they wouldn’t have otherwise traded. Where law ends, tyranny begins” is etched on the side of the Robert F.

Compliance 45

Compliance Marketability Start-ups Banking 45

Musings on Markets

NOVEMBER 4, 2022

In the days after the report, the reaction has predictably fallen into the extremes, with one group arguing that this is the beginning of the end for the company's business and the other suggesting that this is the time to buy the stock, as it prepares for a new growth spurt.

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Start-ups Market Capitalization Marketability Dividends 98

Brian DeChesare

JULY 27, 2022

Anyone who’s ever traded stocks can understand long/short equity , and even simple global macro trades are easy to explain to the average person. The simplest example of a long/short credit trade is to long one bond and short a similar bond issued by a peer company. You might also look at this trade and say, “Wait a minute.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Musings on Markets

OCTOBER 6, 2023

A few days ago, I valued Instacart ahead of its initial public offering , and noted that the reception that the stock gets will be a good barometer of where risk capital stands in the market, right now.

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Intangible Assets Book Value Equity Start-ups 104

Reynolds Holding

MARCH 30, 2022

In courses such as Business Organizations and Securities Regulation, the standard but dated model of an individual investor transacting directly with an issuer is increasingly at odds with the reality that investors today transact their affairs largely through funds instead. For the most part, of course they can. And its exemptions.

Banking 45

Banking Marketability Finance Start-ups 45

Reynolds Holding

APRIL 11, 2022

Moreover, the Securities and Exchange Commission (SEC) reiterated in light of the COVID-19 crisis the importance of maintaining market integrity and adhering to corporate controls and procedures, particularly with respect to material nonpublic information (MNPI) and insider trading.

Banking 45

Banking Marketability Equity Compliance 45

Reynolds Holding

MAY 16, 2022

That’s why, since day one, I’ve been asking staff to look for ways in which to push the pace of our investigations. Despite our best efforts, we’ve received a little over 200 documents over the course of the last six months, including a single page recently produced in response to requests for U.S.

Marketability 45

Marketability Compliance 45

Reynolds Holding

MAY 9, 2023

Directors as a matter of course should have robust information about the independence and aims of director nominees before recommending a vote for or against their candidacy. [5] Shouldn’t voting stockholders be told that a conflict transaction is in the nominating stockholder’s best interest, and preferably before voting?

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Dividends Finance Equity Marketability 45

Appraisers Blog

JULY 27, 2023

Even the Federal Register had special wording that amc companies were not to select appraisers by fee, but rather should select appraisers based on experience and best interests of consumers and such, issued in a similar time frame. ’ ‘Then why doesn’t the consumer save any money!?’

Appraisal 76

Appraisal Compliance Marketability Equity 76

Reynolds Holding

FEBRUARY 1, 2023

30] But, when there is volatility in those public markets (which bear the benefits of more accurate pricing mechanisms), there is a tendency to drive money into the private markets, either to escape the volatility, or more cynically, simply to avoid the “visible volatility” of the public markets. [31] Governance (Sept. 24] See Hill York Corp.,

Marketability 58

Marketability Corporate Finance Compliance Equity 58

Reynolds Holding

OCTOBER 24, 2022

Of course, those football games happen every weekend. It helps capital markets more effectively price and allocate money and risk. Imagine grains of sand flowing through the hourglass every single day. The sand, in this analogy, is money and risk. We’ve made real progress since the days of fixed commissions back in 1975.

Treasury 56

Treasury Marketability Equity Finance 56

Value Scope

SEPTEMBER 24, 2020

At the time, more than $17 billion had been invested into sustainable-focused exchange-traded funds (ETFs) and open-end funds during 2019. Will ESG assets be recorded on balance sheets one day soon, just as intangible assets such as goodwill and intellectual property are recorded today? In 2018, the number was about $5 billion. “The

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Intangible Assets Alpha Beta Marketability 130