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Cipla founding family’s stake sale in jeopardy over $13 billion valuation target

CFO News

Prospective buyers of a stake in Indian pharmaceutical company Cipla Ltd. are hesitant due to the high valuation demanded by the founding family. Negotiations have stalled as the family is seeking about 1,350 rupees per share, representing a 10% premium over the current price.

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Mankind Pharma set for stellar debut on Tuesday, Street sees 8-10% listing premium

CFO News

Although Mankind Pharma is the fourth-largest Indian pharmaceutical company in terms of domestic sales, investors are advised to book profits on listing day given the expensive valuations of the stock versus peers.

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Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more

CFO News Room

Additionally, Morgan Stanley reiterated it as overweight, noting hardware subscriptions as a key catalyst for moving the market toward a loan-to-value valuation. AstraZeneca – The pharmaceutical company added 6.6% Apple – Shares of the technology giant gained 8.9% as rates dropped, lifting the broader tech sector.

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Apple’s Long Strange Trip to A $2T Valuation

PYMNTS

Apple is on the cusp of a stock market first — becoming the first public company in history to capture a $2 trillion valuation. More than a 20 years later, the company is spitting distance from a $2 trillion valuation. So, will Apple make it to a $2 trillion valuation? Apple stock is trading at about $446 as of Tuesday (Aug.

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Musings on Markets: META Lesson 3: Tell me a story!

CFO News Room

As someone who has spent the last four decades talking, teaching and doing valuation that we have lost our way in valuation. Even as data has become more accessible and our tools have become more powerful, it is my belief that the quality of valuations has degraded over time.

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Delivery App Glovo Notches $166M To Expand Development Team

PYMNTS

The startup, which is based in Barcelona, says the newest funding has put its valuation beyond a billion dollars, making it one of the rare Spanish “ unicorns.” Oscar Pierre, the company’s co-founder, would not disclose the exact valuation that investors are placing on the business, aside from acknowledging the unicorn status publicly.

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Musings on Markets: META Lesson 2: Accounting Inconsistencies and Consequences

CFO News Room

That skewing can affect valuation and pricing judgments about these firms, and correcting accounting inconsistencies is a key step towards leveling the playing field. I believe it is, since failure to do so can have both valuation and pricing consequences.