Musings on Markets

FEBRUARY 12, 2025

I am not an accountant, but I do rely on accounting statements for the raw data that I use in corporate finance and valuation. If you are a shareholder in a company, i.e., an equity investor, the measure that best reflects the profits the company made on the equity you invested in them is the earnings per share.

Hurdle Rate 74

Hurdle Rate Accounting Investments Economics 74

Global Finance

APRIL 5, 2025

Last year, investment banks correctly predicted a boom in stock issuance. For investment bankers, 2025 will likely offer a different scenario. Among the banks most significant deals last year, it managed retail distribution for the $2.7 This year, a trade war threatens to end the rally. Thats up 20% from the previous year.

Investments 52

Investments Banking Leadership Healthcare 52

Barry Ritholtz

APRIL 29, 2025

Eventually, he becomes CEO of Voya when the parent company spun out the US holdings into a separate entity, really an a, a fairly unique career path and is sort of uniquely situated to look at the world of investing. We learned everything, you know, across from accounting to auditing to, to tax and valuation.

Concentration 52

Concentration Investments Benchmarking CFO 52

Global Finance

OCTOBER 29, 2024

In investment grade bonds, we’re now at spreads of 80 basis points. The retail sales reading is strong. Robson: We have a modest preference for Europe over the US, given where valuations are. In aggregate, we’ve seen a strong labor market, and retail sales are robust. Global Finance: What surprised you in 2024?

Economics 98

Economics Leverage Investments Finance 98

Barry Ritholtz

JANUARY 27, 2025

And then MassMutual combined Barings investing with a number of other shops, including Babson, a very well regarded investing firm. So he has seen the world of private investing from both sides, both as, as an investor and as part of the management team. A fairly large investment shop. He worked as a trader.

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Investments Leverage Marketing 57

Musings on Markets

MARCH 15, 2025

As businesses have globalized, consumers and investors have had no choice but to follow, and the things we buy (from food to furniture) and the companies that we invest in all reflecting these global influences. There is another way in which you can reframe how the shifts in politics and economics will play out in valuation.

Investments 132

Investments Profit and Loss Valuation Economics 132

Barry Ritholtz

MAY 27, 2025

You, you go to business school, you didn’t know what an investment banker was. I love retail. Alright, so let’s talk about act three, which I don’t mean that in the Shakespearean sense, but you launched Act three holdings to invest in new brands. Or 00:46:09 [Speaker Changed] Retailers. The election day.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Investments Entertainment Numbers 52

Barry Ritholtz

NOVEMBER 18, 2024

The biggest pushback I’ve seen is that valuations have been stretched after the big run-up since the 2022 bear market. Wealth of Common Sense ) • Many retailers offer ‘returnless refunds.’ retailers: sometimes they give customers full refunds and let them keep unwanted items too. More Retailers Are Saying, Just ‘Keep It.’

Retail 52

Retail Advertising Valuation Leadership 52

Musings on Markets

AUGUST 19, 2024

In fact, the business life cycle has become an integral part of the corporate finance, valuation and investing classes that I teach, and in many of the posts that I have written on this blog. Tech companies age in dog years, and the consequences for how we manage, value and invest in them are profound.

Corporate Finance 123

Corporate Finance Valuation Investments Finance 123

PYMNTS

OCTOBER 23, 2020

Walmart India’s eCommerce firm Flipkart is investing $204 million (?1,500 percent stake in Aditya Birla Fashion and Retail Limited (ABFRL), the company said in a statement on Friday (Oct. In July, Flipkart invested over $34.6 The deal was the largest foreign direct investment in India. 1,500 crore) for a 7.8

Investments 99

Investments Retail Valuation eCommerce 99

PYMNTS

NOVEMBER 24, 2020

According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as $100 billion, Bloomberg said. FinTech Stripe is considering a funding round to value it higher than the $36 billion it got on its last round, Bloomberg reports.

Valuation 117

Valuation Startups eCommerce Sales 117

PYMNTS

JULY 17, 2020

The stats suggest the strength of the B2B FinTech market’s ability to attract big-ticket funding rounds despite an overall dip in investment. PYMNTS outlines the latest investments below. Further, the company is stepping into the FinTech arena, with plans to roll out financial products like credit facilities for retail buyers.

B2B 90

B2B Investments Accounts Payable Startups 90

PYMNTS

NOVEMBER 14, 2018

billion valuation, the publication said. Last month, it was revealed that Instacart raised $600 million, giving it a valuation of $7.6 The funding round was led by hedge fund D1 Capital Partners, and came only six months after the startup closed on a $350 million round of investing. Instacart has raised $1.87

Valuation 62

Valuation Startups Retail Investments 62

PYMNTS

JANUARY 31, 2021

A representative of investment fund L Catterton , which owns a stake in The Honest Company, declined to comment on a possible IPO, Bloomberg reported. Honest was launched in 2012 and sells its products online and through 32,000 retail locations, according to the statement.

Valuation 108

Valuation Retail Securities Investments 108

CFO News Room

DECEMBER 22, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. It is ironic, and perhaps telling, that our understanding of statistics seems to have hit rock bottom in the age of big data.

Marketing 130

Marketing Valuation Corporate Finance Finance 130

CFO News Room

NOVEMBER 16, 2022

In fact, I concluded the post by arguing that investors in Facebook were pricing in their belief that the billions of dollars the company had invested in the Metaverse would be wasted, and argued that Facebook faced some of the blame, for not telling a compelling story to back the investment.

Marketing 130

Marketing Valuation Advertising Numbers 130

PYMNTS

JUNE 11, 2020

Instacart ‘s valuation is now almost $14 billion after a new funding round, the company announced in a press release. The company’s valuation is now $13.7 The round raised $225 million and was led by DST Global and General Catalyst. Existing investor D1 Capital Partners contributed as well. billion, the release states.

Valuation 63

Valuation Advertising Retail Technology 63

CFO News

APRIL 24, 2024

This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55

Valuation 52

Valuation Investments Retail Marketing 52

CFO News Room

NOVEMBER 24, 2022

Deere said it benefited from positive farm fundamentals and increased infrastructure investment. after the retailer said sales have slowed over the past few months. The apparel company pointed to a challenging retail environment and the impact of a stronger U.S. Its stock jumped 4.2% in premarket trading. HPQ) – HP rose 3.1%

Profit and Loss 130

Profit and Loss Valuation Retail Sales 130

PYMNTS

OCTOBER 11, 2020

Representatives of grocery-delivery powerhouse Instacart have met with investment bankers to explore taking the company public, the Financial Times (FT) reported. 8) that it had received $200 million in new capital from existing investors Valiant Peregrine Fund and D1 Capital Partners, boosting Instacart's valuation to $17.7

Valuation 107

Valuation Retail Investments eCommerce 107

PYMNTS

JUNE 29, 2020

Tencent and private equity heavyweight Primavera are spearheading the $300 million investment in Xingsheng Youxuan, Bloomberg reported , citing sources familiar with the deal, which values the company at a healthy $3 billion. Xingsheng Youxuan recently filed paperwork to go public in 2020, investment research firm EqualOcean reported.

Startups 109

Startups Valuation Investments eCommerce 109

CFO News Room

NOVEMBER 13, 2022

related investing news. It missed top and bottom line expectations when reporting quarterly results, but announced an agreement with the investment firm H Partners that raised the cap on the firm’s stake to 19.9% Tapestry – The retailer behind Coach and Kate Spade added 4.2% Rivian – The electric vehicle maker jumped 17.4%

Profit and Loss 130

Profit and Loss Pharmaceutical Forecasting Valuation 130

PYMNTS

APRIL 24, 2019

The RealReal , an online retailer for authenticated luxury consignment, has authorized the sale of up to $70 million in new shares that could put its valuation at $1.06 Earlier this year, it was reported that the online retailer was considering an initial public offering (IPO) for later this year.

Valuation 55

Valuation Retail eCommerce Sales 55

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. But Software-as-a-Service emerged as a hot spot, too, with the largest investment round of the week going to a B2B eCommerce SaaS provider.

B2B 75

B2B Securities Investments Startups 75

PYMNTS

OCTOBER 8, 2018

H&M is also making an investment of $20 million in the payments company, according to reports. The companies aren’t saying what Klarna’s valuation is after the investment, but sources said $20 million is “much less than one percent of the company.”. “We and Sweden in the first phase of deployment.

Retail 68

Retail Valuation Leverage Economics 68

Musings on Markets

FEBRUARY 8, 2024

That bias notwithstanding, these seven companies have been extraordinary investments, not just in 2023, but over the last decade, and there are lessons that we can learn from looking at the past. I agree, but I remain a believer that intrinsic valuation is the only tool that you have for assessing whether g.

Marketing 141

Marketing Valuation Profit and Loss Advertising 141

Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. It is ironic, and perhaps telling, that our understanding of statistics seems to have hit rock bottom in the age of big data.

Valuation 99

Valuation Corporate Finance Finance Financial Analysis 99

PYMNTS

SEPTEMBER 23, 2020

Foot Locker last year invested $100 million in Goat Group, with a promise to collaborate on retail online and in stores in the future. Goat Group plays host to more than 350 brands, including fashion brand Alexander McQueen , which this month used the site to introduce its MCQ label for jackets, dresses and more, WSJ reported.

Valuation 77

Valuation Retail Investments Marketing 77

PYMNTS

JANUARY 15, 2021

Poshmark saw its valuation more than double following its Nasdaq debut, with shares closing at $101.50, the Wall Street Journal (WSJ) reported on Thursday (Jan. Poshmark’s valuation is now over $3 billion, up from $1.25 FinTech installment lender Affirm more than doubled its valuation when it went public earlier this week.

Valuation 60

Valuation Startups eCommerce Sales 60

PYMNTS

JULY 15, 2020

The company has worked with over 12,000 retailers and brands over the years, including big names like Dell and Best Buy , for needs such as fulfilling orders and setting up deliveries. And the value could be targeted as high as $3 billion, one of the sources reportedly said.

Valuation 66

Valuation eCommerce Retail Technology 66

PYMNTS

FEBRUARY 12, 2019

DoorDash, the food delivery startup, is gearing up to raise about $500 million, giving the company a valuation of higher than $6 billion. the Singapore state investment firm, is expected to lead the capital raise. the Singapore state investment firm, is expected to lead the capital raise. Temasek Holdings Pte.,

Valuation 51

Valuation Startups Investments Retail 51

PYMNTS

JANUARY 26, 2021

Flywire Said To IPO In Late 2021 With A $3 Billion Valuation. has tapped investment banks to gear up for an initial public offering (IPO) in 2021 that could provide the firm with an approximately $3 billion valuation, Reuters reported, citing unnamed sources. Payment processor Flywire Corp. Flywire is working with J.P.

Valuation 61

Valuation Technology Retail Investments 61

PYMNTS

OCTOBER 16, 2018

Instacart, the retailers’ delivery service, raised $600 million in a fresh round of funding, giving it a valuation of $7.6 According to a report in Recode , the funding round was led by D1 Capital Partners, the hedge fund, and comes just six months after the startup closed on a $350 million round of investing.

Valuation 43

Valuation Startups Retail Investments 43

Musings on Markets

SEPTEMBER 19, 2023

The Instacart Business Model The Instacart business model extends online shopping, already common in other areas of retailing, into the grocery store space. In the second, I will examine the forces that are pushing consumers to online grocery shopping, and the ceiling for that growth is much lower than it is than in other areas of retailing.

Profit and Loss 133

Profit and Loss Valuation Advertising Investments 133

Musings on Markets

NOVEMBER 15, 2022

In fact, I concluded the post by arguing that investors in Facebook were pricing in their belief that the billions of dollars the company had invested in the Metaverse would be wasted, and argued that Facebook faced some of the blame, for not telling a compelling story to back the investment.

Valuation 99

Valuation Advertising Numbers Investments 99

PYMNTS

DECEMBER 29, 2020

parent company of luxury online retailer Mytheresa , announced that it's filed a registration statement with the SEC for an initial public offering (IPO), according to a press release. Bloomberg wrote earlier this year that those with knowledge of the matter said the company was looking at a valuations of $1 billion to $1.5

Retail 63

Retail Valuation Sales Securities 63

CFO News

SEPTEMBER 26, 2023

Abu Dhabi Investment Authority (ADIA) is reportedly looking to invest $600 million in Mukesh Ambani's retail empire, Reliance Retail Ventures (RRVL), at valuations significantly higher than those in the previous round three years ago. ADIA already holds a 1.2%

Retail 52

Retail Valuation Investments 52