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Sebi chief flags bubble in midcap, smallcap space

CFO News

Madhabi Puri Buch, Sebi chairperson, expresses concerns over stretched valuations of small- and mid-cap stocks favored by retail investors. Sebi plans to bring in more disclosures on risk factors and allow T+ 0 trade settlement. AMFI directs mutual funds to provide additional disclosures.

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Ant Group Seeks $225B Valuation Ahead Of Planned Dual Listing

PYMNTS

As it aims for an approximately $225 billion valuation, Ant Group intends to seek dual listings in Shanghai and Hong Kong in the weeks to come, Bloomberg reported, citing unnamed sources. A dual listing of $30 billion would come out ahead of the $29.4 billion take of Saudi Aramco per Bloomberg data.

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RIL may sell 8-10% more in Rel Retail ventures to fund expansion

CFO News

Reliance Industries is considering selling an additional 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to raise funds for expansion and debt retirement before its planned IPO.

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Instacart Raises $271M On $7.8B Valuation

PYMNTS

billion valuation, the publication said. Last month, it was revealed that Instacart raised $600 million, giving it a valuation of $7.6 At that time, the company had a valuation of $4.35 We want to make grocery shopping effortless by helping our customers get the groceries they need from the retailers they love.

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FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B

PYMNTS

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. clients and making plans to acquire a startup from Nigeria to further African expansion.

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Midwest Retailer Meijer Signs With Instacart For Grocery Delivery

PYMNTS

Online delivery platform Instacart is teaming up with regional Midwest retailer Meijer to provide same-day delivery of groceries. Customers rely on Instacart to get the groceries and goods they need from the retailers they love," Instacart President Nilam Ganenthiran said in a Thursday (Dec. 3) press release.

Retail 73
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Casper Expects IPO Valuation To Fall Far Lower Than $1B

PYMNTS

forecasts that its initial public offering (IPO) valuation will be far under the approximate $1 billion it had for its most recent funding. The IPO would provide the company with a valuation of $768 million and would bring in $182.4 eCommerce mattress merchant Casper Sleep Inc. Casper , for its part, was valued at $1.1