Man, I can hear the sound of MV house sellers raising their price now…
Deepdive on WeWork:
Grab to list in U.S. via Altimeter SPAC at $35B valuation - FT
Apr. 07, 2021 4:55 AM ETGrabTaxi (GRAB)By: Yoel Minkoff, SA News Editor
- Southeast Asia’s most valuable startup is ready to go public, making its debut in the SPACsphere. Grab (GRAB) was founded as a ride hailing company in 2012 before expanding into payments in 2016 and food delivery in 2018. It also offers loans, insurance and has been granted a digital banking license in Singapore.
- Reports previously suggested the company was in talks to list in New York via one of Altimeter Capital’s special purpose acquisition companies, and the FT says that will happen as soon as this week. The investment firm has raised a total of $850M for Altimeter Growth (NASDAQ:AGC) and Altimeter Growth 2 (NYSE:AGCB), which are up 14%and 2% premarket, respectively. The merger would be the largest between a private business and a blank check company in a deal that will value SoftBank-backed (OTCPK:SFTBF)Grab at about $35B.
- By the numbers: According to a business update in January, Grab’s revenue grew 70% in 2020 compared with 2019, though the company is still not profitable. However, Grab did add that its ride hailing business was breaking even in all of its operating markets. “We’ve continued to be disciplined with spending and prudent in stewarding our shareholder capital, with monthly EBITDA spend being reduced by approximately 80% over the last 12 months,” said Grab President Ming Maa.
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How come it didn’t mention the Fintech component of Grab? To me that’s the most interesting part. Also Masa is having his sweet revenge this year.
Another Singapore based listing? Any from HK?
Cliff notes on Coursera. Education and healthcare are the two least productive sectors of the US economy. We have a number of high profile companies tackling healthcare like TDOC. Wonder if COUR will shake things up in education.
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Who’s buying COIN tomorrow?
Coinbase is set to become the first major crypto business to go public in the U.S. and, should it reach a $100 billion market cap, will instantly be one of the country’s 85 most valuable companies. The company’s value has soared in the past year alongside bitcoin and ethereum, the primary currencies traded on the site.
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I expect COIN movements to be highly correlated with bitcoin price movements. I’m curious it will trade at a multiplier of the movements like RIOT. My initial guess it would be more muted.
Coinbase fees are ridiculous and I think their big customer bases are basically enterprise/finance/businesses. But even retailer like myself, I usually put USD there first, then buy crypto, then transfer out to kraken, blockfi, voyager, etc via crypto protocols. I do this mainly because I don’t trust others as much. Having said that, once ETF for crypto comes out along with GBTC conversion to ETF, coinbase may take a big hit. Then again, those ETFs will probably use coinbase so idk. 
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Beth likes Voyager more than Coinbase.
UiPath climbs 23% in stock market debut after one of largest US software IPOs in history
The company, whose software helps businesses automate repetitive tasks, sold shares Tuesday night at $56 apiece, above its expected price range of $52 to $54. At the closing price, UiPath had a market value of $35.8 billion.
Revenue surged 81% last year to $607.6 million, and the company’s loss narrowed to $92.4 million from $519.9 million in 2019. UiPath’s gross margin of 89% is among the highest in software.
In its last fiscal year, UiPath reported net revenue retention of 145%, meaning the average existing customer increased spending by 45% from the prior year.
145% net retention is insane.
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I should’ve bought more when it was low 
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I was considering doubling my position yesterday, thought I will do it today, a huge mistake 
Short squeeze time? Should have bought 10x more! GME re…
Interesting.
Where do you get this analysis from?
got from twitter
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