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Prosus may have promoter tag in Swiggy’s $1 billion IPO

CFO News

While Swiggy prepares to file its IPO papers, New Delhi-based wearables and audio accessory brand Boat is likely to reconsider its plan to make an IPO in 2024, people in the know of its plans said.

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Sebi’s promoter tag push stumps startups, may disrupt IPO plans

CFO News

Portea Medical’s founders hold an 18.07% stake in the company. So far, only founders with at least 25% stake were classified as promoters under the Sebi regulations.

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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

billion in an August initial public offering (IPO), and its shares on Friday sat at $10.62 The SPAC is likely to raise around $1 billion in new equity to bolster the transaction. Foley's Foley Trasimene Acquisition Corp. II SPAC raised $1.47 with a market value of $1.95 billion, Bloomberg reported.

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10 Monday AM Reads

Barry Ritholtz

Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. Venture-capital investments are plunging, along with valuations of prepublic companies. This is a risk factor from China.

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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

PYMNTS

Shares of Airbnb soared more than 110 percent from their initial public offering (IPO) price of $68 to finish out the day at $144.71. Brian Chesky, Airbnb’s CEO, said that prior to Airbnb’s IPO, the company was thinking about changing how consumers arrange their trips, as telecommuting is possible for a number of individuals.

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953: Lessons From the Mobile Era | Rodrigo Brumana, CFO, Poshmark

CFO Thought Leader

You can sell used products or you can sell new with tags, but the main thing is that it’s really fun. The other thing that I think is important here is to mention that we went IPO in 2021. So, what is unique about Poshmark? Poshmark is a leading fashion resale marketplace. We make buying and selling fashion very easy.

CFO 52
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WeWork To Sell Iconic NYC Building To Amazon

PYMNTS

The price tag on the building, famous for being the former New York hub for the shopping retailer, is in excess of $1 billion. The building’s current owner is WeWork, which has been having a difficult time as of late after a failed IPO and then the need for a bailout from SoftBank later. The building has 12 stories.