The document summarizes Twitter's initial public offering (IPO) process and key details:
1) Twitter filed paperwork with the SEC on September 12, 2013 to announce its intent to go public, estimating it would raise around $14 billion.
2) Twitter decided to offer 70 million new shares and set its IPO price at $26 per share on November 6th, raising $1.8 billion.
3) On the first day of trading on November 7th, Twitter began trading at $45.10 per share and closed at $44.90, valuing the company at $24.47 billion.
The seed stage of the venture capital industry went through a boom cycle from 2006-2014 but has lately seen a sharp decline. What's happening? Is it temporary or are their structural problems? This deck answers that question.
Patterns of Successful Angel Investing by Simeon SimeonovSimeon Simeonov
Sim Simeonov's presentation from Angel Bootcamp 2011 teaches lessons for successful angel investing based on statistical analysis of thousands of angel investments over a twenty year period. For more info, see http://sim.vc/angels
These are the things I learned about Angel Investing. If you're thinking about investing in startups, either directly or via services like AngelList, my hope is that these tips can help you avoid some common mistakes.
This presentation is just designed in public interest and also to make the term DEMONETIZATION lucid to understand. Dont forget to hit like button before you proceed to download. And stay tuned to my channel so that I can serve you better by providing you ppt on current topics............
The seed stage of the venture capital industry went through a boom cycle from 2006-2014 but has lately seen a sharp decline. What's happening? Is it temporary or are their structural problems? This deck answers that question.
Patterns of Successful Angel Investing by Simeon SimeonovSimeon Simeonov
Sim Simeonov's presentation from Angel Bootcamp 2011 teaches lessons for successful angel investing based on statistical analysis of thousands of angel investments over a twenty year period. For more info, see http://sim.vc/angels
These are the things I learned about Angel Investing. If you're thinking about investing in startups, either directly or via services like AngelList, my hope is that these tips can help you avoid some common mistakes.
This presentation is just designed in public interest and also to make the term DEMONETIZATION lucid to understand. Dont forget to hit like button before you proceed to download. And stay tuned to my channel so that I can serve you better by providing you ppt on current topics............
Gorilla Labs is a Venture builder (startup studio) designed to internalize ideation, rapidly iterate MVPs, and deploy accelerated go-to-market strategies for commercialization using Lean Startup methodology.
Co-founded by 2 INSEAD MBAs (Class of 2015)
Nikhil Jacob
Rubens Nigoghossian
More about venture builders:
http://venturebeat.com/2015/01/18/how-venture-builders-are-changing-the-startup-model/
What is a startup studio?
http://upstart.bizjournals.com/multimedia/interactives/2015/04/what-the-heck-is-a-startup-factory.html
Author's blog on experience in the Southeast Asia venture capital ecosystem
http://theventurevault.com/
The Startup Studio Playbook is the World's first professional book dedicated to startup studios, a.k.a. venture builders, startup factories. It is a book for entrepreneurs and innovators. Read about exciting case studies and best practices, discover how the startup studio model enables you to build startups easier
You will benefit from this book if you are interested in entrepreneurship or innovation. Startup studios are on the rise, quickly becoming the new trend in building startups. If done right, model enables you to build startups in a less risky and more cost-efficient way. Discover how this model can benefit you.
The main goal of the Startup Studio Playbook is to make startup studios more transparent, and make it easier to create and grow new studios. In this book you will learn about:
- Who are the founders behind the most exciting studios;
- How are are these organizations funded;
- Where do studios take the idea for their startups;
- How startup studio organize their team and operations;
- What are the spin-off and exit strategies;
- What are the pros and cons of the model;
- How different startup studios operate across the Globe;
- How corporations can leverage the benefits of the model;
- How you can build your own startup studio?
Find out more:
http://www.startupstudioplaybook.com/
Get the book. Use the offer code 'earlybird' to get a discount.
https://gumroad.com/l/startupstudioplaybook
Apresentação sobre Venture Capital e Fundraising para StartupsGuilherme Lima
Minha apresentação para o Webinar do CampinasTech, gestores do ecossistema de Startups da região de Campinas, em 13/08, sobre Venture Capital e Fundraising para Startups.
Foreign Exchange Market
Dear All,
In this mail we had shown details about Foreign Exchange Market.
What is Foreign Exchange Market etc. It will be helpful you to get an knowledge about foreign Exchange market.
It will be helpful you for school/ college projects for students as well as other persons.
Irish Technology Capital-European Technology Venture Fund - John Hartnett - S...Burton Lee
Presentation by John Hartnett, Irish Technology Capital, about the new venture Fund that he is raising in Ireland and Silicon Valley, aimed at the Irish and European hitech startups marketplace. Stanford Engineering, January 4 2010. Program Director and Course Instructor Dr. Burton Lee. Homepage: http://me421.stanford.edu
Deal sourcing is the first step towards an investment process in Venture Capital. Pratim Pathak from pi Ventures walks through the learnings developed on how to source effectively and strategically as a part of the pi fellows program.
Unicorns, Startups, and Giants: The New Billion Dollar Dynamics of the Digita...Orange Silicon Valley
Orange Silicon Valley looks at 60 of the most recent billion-dollar startups to analyze their impact on the global community. The idea is to understand how Incumbents and web Giants fare against the rise of popular services like WhatsApp, Nest, Waze, and others. Where is most of the money coming from? How can businesses evolve to work with these "Unicorns"? This report provides more answers.
Startup Valuation: from early to mature stagesTatiana Siyanko
Methods and approached to startup and company valuations.
Please be free to send me any additions/correction proposals.
Prepared for Startup&co lecture in Freud cafe, Kyiv, April 30, 2014
We’re thrilled to announce that we’ve raised Kleiner Perkins’ 18th venture fund -- $600 million to focus on early stage investing. This marks 47 years for our firm, and with a fresh team and strategy, we’re incredibly excited for the next 47 years.
Project: Bitcoin - Revolution in International Payment ProcessingDinesh Kumar
Executive Summary
“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.” Eric Schmidt, Executive chairman Alphabet
Bitcoin is a digital, decentralized, partially anonymous currency, not backed by any government or other legal entity, and not redeemable for gold or other commodity. It relies on peer-to-peer networking and cryptography to maintain its integrity. Its proponents argue that Bitcoin has many properties that could make it an ideal currency for mainstream consumers and merchants. For example, bitcoins are highly liquid, have low transaction costs, can be used to send payments quickly across the internet, and can be used to make micropayments. This new currency could also hold the key to allowing organizations such as Wikileaks, hated by governments, to receive donations and conduct business anonymously.
Amazingly, as of October 2011, a bitcoin (currency ticker BTC) is worth about two U.S. Dollars (USD), there are about $20 million worth of bitcoins in existence, there are probably around 20,000 Bitcoin users, and over $300,000 worth of bitcoins are traded every day.
Although the Bitcoin economy is flourishing, users are anxious about Bitcoin’s legal status and the possibility of a government crackdown. Some point to Bitcoin’s ability, like all digital and anonymous currencies, to facilitate money laundering, tax evasion, and trade in illegal drugs and child pornography. Indeed, the U.S. government prosecuted and shut down the creators of e-gold, a digital currency backed by gold, under state and federal laws for conspiracy to commit money laundering, and also for providing services to those involved in “child exploitation, credit card fraud, and wire (investment) fraud”. Others point to governments’ purported interests in protecting their economies and monopolies on minting new money. These individuals point to the successful prosecution and conviction of the creator of the Liberty Dollar, a paper and coin based currency backed by gold and other precious metals.
Hence, no faith or trust towards the financers or politicians was required in case of Bitcoin, but only in Nakamoto’s well-designed algorithms. Not only the public ledger of Bitcoin, i.e. the ‘block chain’ seemed to fend off fraud, but also kept the money supply of Bitcoin growing at a predictable rate due to the prearranged release of the virtual currency. The Bitcoin network came into existence with the release of open source Bitcoin client and with the issuance of the first Bitcoin. Satoshi mined 18 the first 50 Bitcoin which are famously known as the “Genesis Block”.
In the same year the exchange rate of Bitcoin was first published by liberty standard at $1 for 1,309.03 BTC. Within a couple of years, around February 2011, Bitcoin achieved dollar parity and was now being accepted all over the world as a mode of payment for a plethora of products.
This presentation contains a quiz about first-time venture funds as well as data and tips that may be useful to new VC fund managers. The presentation covers topics such as how many new funds get started per year, who provides capital to those funds, and how long it take to raise a new fund, as well as tips for approaching LPs.
I presented this quiz to the audience at the Kauffman Fellows Module on June 15, 2016. Special thanks to Jewel Savadelis, Jorge Torres and the rest of the Kauffman Fellows for your support and ideas!
If you want to understand how decisions are made at a VC firm it is important to understand the staff who work there. Here is a guide but you can also read more at this blog post: https://bothsidesofthetable.com/how-to-improve-your-odds-of-getting-to-yes-with-a-vc-land-and-expand-b46a0a102a07
Gorilla Labs is a Venture builder (startup studio) designed to internalize ideation, rapidly iterate MVPs, and deploy accelerated go-to-market strategies for commercialization using Lean Startup methodology.
Co-founded by 2 INSEAD MBAs (Class of 2015)
Nikhil Jacob
Rubens Nigoghossian
More about venture builders:
http://venturebeat.com/2015/01/18/how-venture-builders-are-changing-the-startup-model/
What is a startup studio?
http://upstart.bizjournals.com/multimedia/interactives/2015/04/what-the-heck-is-a-startup-factory.html
Author's blog on experience in the Southeast Asia venture capital ecosystem
http://theventurevault.com/
The Startup Studio Playbook is the World's first professional book dedicated to startup studios, a.k.a. venture builders, startup factories. It is a book for entrepreneurs and innovators. Read about exciting case studies and best practices, discover how the startup studio model enables you to build startups easier
You will benefit from this book if you are interested in entrepreneurship or innovation. Startup studios are on the rise, quickly becoming the new trend in building startups. If done right, model enables you to build startups in a less risky and more cost-efficient way. Discover how this model can benefit you.
The main goal of the Startup Studio Playbook is to make startup studios more transparent, and make it easier to create and grow new studios. In this book you will learn about:
- Who are the founders behind the most exciting studios;
- How are are these organizations funded;
- Where do studios take the idea for their startups;
- How startup studio organize their team and operations;
- What are the spin-off and exit strategies;
- What are the pros and cons of the model;
- How different startup studios operate across the Globe;
- How corporations can leverage the benefits of the model;
- How you can build your own startup studio?
Find out more:
http://www.startupstudioplaybook.com/
Get the book. Use the offer code 'earlybird' to get a discount.
https://gumroad.com/l/startupstudioplaybook
Apresentação sobre Venture Capital e Fundraising para StartupsGuilherme Lima
Minha apresentação para o Webinar do CampinasTech, gestores do ecossistema de Startups da região de Campinas, em 13/08, sobre Venture Capital e Fundraising para Startups.
Foreign Exchange Market
Dear All,
In this mail we had shown details about Foreign Exchange Market.
What is Foreign Exchange Market etc. It will be helpful you to get an knowledge about foreign Exchange market.
It will be helpful you for school/ college projects for students as well as other persons.
Irish Technology Capital-European Technology Venture Fund - John Hartnett - S...Burton Lee
Presentation by John Hartnett, Irish Technology Capital, about the new venture Fund that he is raising in Ireland and Silicon Valley, aimed at the Irish and European hitech startups marketplace. Stanford Engineering, January 4 2010. Program Director and Course Instructor Dr. Burton Lee. Homepage: http://me421.stanford.edu
Deal sourcing is the first step towards an investment process in Venture Capital. Pratim Pathak from pi Ventures walks through the learnings developed on how to source effectively and strategically as a part of the pi fellows program.
Unicorns, Startups, and Giants: The New Billion Dollar Dynamics of the Digita...Orange Silicon Valley
Orange Silicon Valley looks at 60 of the most recent billion-dollar startups to analyze their impact on the global community. The idea is to understand how Incumbents and web Giants fare against the rise of popular services like WhatsApp, Nest, Waze, and others. Where is most of the money coming from? How can businesses evolve to work with these "Unicorns"? This report provides more answers.
Startup Valuation: from early to mature stagesTatiana Siyanko
Methods and approached to startup and company valuations.
Please be free to send me any additions/correction proposals.
Prepared for Startup&co lecture in Freud cafe, Kyiv, April 30, 2014
We’re thrilled to announce that we’ve raised Kleiner Perkins’ 18th venture fund -- $600 million to focus on early stage investing. This marks 47 years for our firm, and with a fresh team and strategy, we’re incredibly excited for the next 47 years.
Project: Bitcoin - Revolution in International Payment ProcessingDinesh Kumar
Executive Summary
“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.” Eric Schmidt, Executive chairman Alphabet
Bitcoin is a digital, decentralized, partially anonymous currency, not backed by any government or other legal entity, and not redeemable for gold or other commodity. It relies on peer-to-peer networking and cryptography to maintain its integrity. Its proponents argue that Bitcoin has many properties that could make it an ideal currency for mainstream consumers and merchants. For example, bitcoins are highly liquid, have low transaction costs, can be used to send payments quickly across the internet, and can be used to make micropayments. This new currency could also hold the key to allowing organizations such as Wikileaks, hated by governments, to receive donations and conduct business anonymously.
Amazingly, as of October 2011, a bitcoin (currency ticker BTC) is worth about two U.S. Dollars (USD), there are about $20 million worth of bitcoins in existence, there are probably around 20,000 Bitcoin users, and over $300,000 worth of bitcoins are traded every day.
Although the Bitcoin economy is flourishing, users are anxious about Bitcoin’s legal status and the possibility of a government crackdown. Some point to Bitcoin’s ability, like all digital and anonymous currencies, to facilitate money laundering, tax evasion, and trade in illegal drugs and child pornography. Indeed, the U.S. government prosecuted and shut down the creators of e-gold, a digital currency backed by gold, under state and federal laws for conspiracy to commit money laundering, and also for providing services to those involved in “child exploitation, credit card fraud, and wire (investment) fraud”. Others point to governments’ purported interests in protecting their economies and monopolies on minting new money. These individuals point to the successful prosecution and conviction of the creator of the Liberty Dollar, a paper and coin based currency backed by gold and other precious metals.
Hence, no faith or trust towards the financers or politicians was required in case of Bitcoin, but only in Nakamoto’s well-designed algorithms. Not only the public ledger of Bitcoin, i.e. the ‘block chain’ seemed to fend off fraud, but also kept the money supply of Bitcoin growing at a predictable rate due to the prearranged release of the virtual currency. The Bitcoin network came into existence with the release of open source Bitcoin client and with the issuance of the first Bitcoin. Satoshi mined 18 the first 50 Bitcoin which are famously known as the “Genesis Block”.
In the same year the exchange rate of Bitcoin was first published by liberty standard at $1 for 1,309.03 BTC. Within a couple of years, around February 2011, Bitcoin achieved dollar parity and was now being accepted all over the world as a mode of payment for a plethora of products.
This presentation contains a quiz about first-time venture funds as well as data and tips that may be useful to new VC fund managers. The presentation covers topics such as how many new funds get started per year, who provides capital to those funds, and how long it take to raise a new fund, as well as tips for approaching LPs.
I presented this quiz to the audience at the Kauffman Fellows Module on June 15, 2016. Special thanks to Jewel Savadelis, Jorge Torres and the rest of the Kauffman Fellows for your support and ideas!
If you want to understand how decisions are made at a VC firm it is important to understand the staff who work there. Here is a guide but you can also read more at this blog post: https://bothsidesofthetable.com/how-to-improve-your-odds-of-getting-to-yes-with-a-vc-land-and-expand-b46a0a102a07
If you missed my presentation at the SDN World Congress this week, here it is !
It explains how we analyzed the use of SDN based within an NFV environment. We picked the ITU model of Network resources, SDN controller and SDN applications and mapped those elements to the ETSI NFV architecture. Then we studied some design patterns, typical design of a network architecture with SDN and NFV, many different models. We also described SDN hierarchy and federation and collected lessons learnt from ETSI NFV POC using SDN and NFV. Finally we looked into few specific use cases such as Transport Network, or vCPE, but also policy. and last we looked into opensource SDN controller. We ended up with 35 recommendations that we are reviewing now in ETSI NFV to decide upon next steps. Comments welcome !
And if you want to see real life implementations, go and see HP NFV POC #34 and #38 in the POC Zone on site in Dusselfdorf this week Oct 8-16 2015 !
Smart Energy Management moving from Smart metering management to Smart Grid management, leveraging IoT platforms and ecosystem of application vendors, and smart connectivity
with IoT, the set of new requirements on the communication infrastructure is growing, leading to re-engineering of the network, introducing new technologies such as NFV, SDN, MEC, Fog , towards a 5G highly distributed, programmatic and dynamic architecture
Deal marketing on the internet: Using Software to Find Investors and Sell You...OurCrowd
Join me (Zack Miller, head of the investor community at OurCrowd) and Steven Dresner, CEO and founder of dealflow.com and author of Crowdfunding: A Guide to Raising Capital on the Internet, to learn about how entrepreneurs are using Internet technologies to identify, target, and land top-notch investors and how investors are using the same technologies to find investment opportunities.
Join us to learn about:
The cutting-edge ways top companies are raising money online
The 3 mistakes companies make raising money and how to avoid them
How to leverage the added transparency of the Internet and shared data to raise more money, more quickly
Ever wonder which technology companies are growing in value the fastest? Play Bigger crunched the numbers & discovered 11 "Super-Unicorns" growing by over $1B in value a year and 89 more of tech's top value creators.
BeWise lecture: Sven Illing "Introduction to Venture Capital" @ Estonian Busi...JCI Tallinn BeWise
Sven Illing is a business developer, adviser and investor working with hi-tech companies. In his lecture he gave an overview of the topic, drawing examples from his personal experiences. The talk touched upon the following topics:
• Overview of the venture capital industry in Europe and the U.S.;
• Early stage financing options for start-ups, including start up accelerators;
• Practical steps in the capital raising process.
Sven Illing is a startup adviser and investor through iCapital and startup accelerators GameFounders and Buildit. During last 10 years he has helped 100+ teams with advice & contacts and invested in 37 startups.
The Play Bigger Data Science Team discovered powerful new insights into how U.S. VC-backed companies create enduring value.
Then HBR wrote a feature story around the Play Bigger Discoveries. What follows is the report behind the story.
For Free.
You've heard about rewards based crowdfunding (the Kickstarters, and Indigogos) of the world, but do you know about equities crowd funding?
With the anticipated Title III new regulations of the J.O.B.S (Jumpstart Our Business Startups) Act, which will allow for crowd funding on equities investments by accredited and unaccredited investors. Anticipated regulations will create a new asset class of investors with financial contributions making investments in businesses seeking new growth and ROI.
What does this mean to the crowd funding market? How can issuers and investors get educated in this "new asset class" and on potential opportunities for investors and/or investments?
This is the first event of a series seminars about blockchain industry and ICO under the theme 'ICO: A new game made newer'. Chaintech Partners has formed a team of multi-discipline professionals, advised clients from various industries and gathered latest knowledge and insights in blockchain industry.
We are proud to present this event together with our co-host BitTemple.
We are covering but not limited to topics below in this coming event:
1. ICO Past and Present
2. ICO Planning
3. White Paper
4. Smart Contract
5. Corporate Governance and Accounting
6. Marketing and Community Management
7. Introduction of Partners: BitTemple, EduCoin, Tuple Technologies & CryptoCentral.
A detailed SEM & SEO campaign plan conducted by NYU students for a crowd funding company. (page audit, link building strategy, sitemap design, keyword plans, content marketing calendar and SEM budget allocation.)
An analysis of Twitter usage among startups in EuropeSergej Lugovic
Sergej Lugović, Polytechnic of Zagreb
Wasim Ahmed, Health Informatics Research Group, Information School, University of Sheffield, Sheffield, UK
https://www.researchgate.net/publication/292392240_An_Analysis_of_Twitter_Usage_Among_Startups_in_Europe
Path to 6G Environmental Sustainability … the UrgencyMarie-Paule Odini
Keynote IEEE 5G World - Telecom and ICT impact is increasing due to exponential traffic growth. The urgency now is to reduce environmental footprint for a sustainable new generation of telecom , GreenG
VIRTUALIZATION, AI & ZERO TOUCH FOR MORE EFFICIENT & SUSTAINABLE NETWORKMarie-Paule Odini
CNSM 2021 - Keynote - VIRTUALIZATION, with NFV and Cloud Native, complemented with AI in the assurance OSS stack but also in the core with NWDAF help implement closed loop automation & ZERO TOUCH and contribute to deploy and operate MORE EFFICIENT & SUSTAINABLE NETWORK - IEEE sponsored event
This presentation is focused on Automotive and 5G, the drivers, the current status and the challenges including network slicing and management and orchestration
This presentation is highlighting the architecture of 5G network and the need for a very efficient Management and Orchestration environnement, very automated and autonomous that monitors the network and services and trigger actions to optimize resources and meet quality of service.
With 5G comes slicing that will greatly benefit to the Automotive Industry to have virtual dedicated networks for different traffic, from Safety highly reliable to entertainment or less critical sensor data collection
5G will connect billions of devices, things and people and bring an Ocean of new opportunities to cope with continuous traffic growth, low latency service expectations, energy efficiency, urban density and many other requirements demanding more and more innovation in the CMOS, MEMS and Protonics space but also many other areas.
More and more people in mega cities, more sensors, more apps, Smart is everywhere for smart living. but what's about security, what's about the people. How to deliver better living, happy living. HPE provides IoT solutions with connectivity management, processing at the edge and in the cloud, security, data management, etc to help industry verticals, telecom operators deliver secured trusted IoT solutions
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
2. Twitter IPO compared
Revenue before IPO vs Market Cap after Day#1
IPO: Aug 2004
Revenue: $1.4B
Net loss: $100M
IPO: May 2012
Revenue: $3.7B
Net income: $1B
Market Cap:$23.1B
IPO: Nov 2011
Revenue: $735M
Net loss: $435M
Market Cap:$16.6B
Market Cap:$16B
(460M shares trading)
IPO: Nov 8,2013
Revenues: $317M
Net loss: $79M
Market Cap:$24.47B
3. twitter
Twitter was created back in March 2006 but its popularity soon went through the roof with more than 500 million users registered
worldwide as of last year and more than 500 million tweets sent a day. Here is a list of interesting facts about what makes
Twitter a global phenomenon:
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•
•
•
•
•
•
•
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•
•
•
•
•
•
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It took three years, two months and one day for the first billion Tweets to be sent on the platform. The same number are
now sent every 48 hours.
The hashtag feature, first proposed by a user, first appeared on Twitter in August 2007.
There are more than 200 million monthly active users around the world, and around 10 million users in the UK alone.
UK Twitter users are very mobile - 80 per cent of UK users are active on mobile, compared to 60 per cent globally.
The re-tweet feature was launched in August 2009, more than three years after the platform was founded.
40 per cent of active users simply consume content on Twitter, rather than send tweets themselves.
There are more than 400 million monthly unique visitors to twitter.com.
Twitter supports more than 35 different languages.
Twitter was localised in right-to-left languages Arabic, Farsi, Hebrew and Urdu, increasing the number of localised languages
to 28, on March 6, 2012.
70 per cent of accounts are outside the United States.
The most re-tweeted Tweet to date was President Barack Obama's message, "Four more years", after he won the US
presidential election on November 6, 2012. It was re-tweeted more than 811,000 times.
On March 25, 2012, James Cameron sent a Tweet from the ocean's deepest point, the Mariana Trench in the western
Pacific.
The first Tweet was sent in San Francisco, California, by Twitter creator Jack Dorsey on March 21, 2006.
Pop star Justin Bieber has the most followers with around 44.5 million.
Singer Adele is the Briton with the most followers, with more than 17.5 million.
Twitter has 1,500 employees at its headquarters in San Francisco, while a further 2,000 work in offices around the world.
50 per cent of Twitter employees are engineers.
4. Twitter announces IPO
Step 0 : SEC filings
Underwriters (banks, investors) that will take care of the IPO:
Goldman, Sachs & Co.
Morgan Stanley
J.P. Morgan
BofA Merrill Lynch
Deutsche Bank Securities
Allen & Company LLC
CODE Advisors
In a tweet , on Sept 12, 2013 , twitter announces that it has filed paperwork with
the SEC, US institution that screens company financials before IPO.
Twitter has submitted secretly a 365 pages document.
On Sept 12, estimates are that the IPO would raise around $14B …
http://www.sec.gov/Archives/edgar/data/1418091/000119312513390321/d564001ds1.htm
5. Twitter going IPO
• Before the IPO, Twitter is a private company. Ownership of Twitter is
partitioned into N equal shares, and each of the people’s stake in the
company is determined by how many of these shares he owns. For
example, N is around 475 million for Twitter*. Twitter cofounder Evan
Williams owns 57 million of these shares, so he owns 12 percent of
Twitter. Other investors include individuals and some private investors.
• When they decide to go for IPO, They need to choose :
– two numbers: the number of new shares of Twitter to issue; and the price at
which to sell these shares. If they decide to issue M new shares of Twitter and
sell them for $x each, then Twitter adds $xM to its bank account, but everyone
who already owns Twitter shares has their ownership in the company reduced
by the factor N / (N + M). Twitter needs to choose M first, because what x
should be depends on M: x needs to be a price that the public would be
willing to pay to own 1 / (N + M) of Twitter
– The stock market : Twitter chose NYSE (New York Stock Exchange) because
share discovery is done manually and not electronically like with NASDAQ. It
tends to give more control on the process
* Estimated value of the company before IPO, based on revenues
6. The steps to go IPO (1)
• Step 1: Decide number of share to offer
Twitter decides to offer 70 million shares on the public
market. This means that current shareholders of Twitter
have their stakes decreased by a factor of N/(N+M)=475 /
(475 + 70) = 13 percent, and that 13 percent of Twitter is up
for grabs. How does Twitter come up with this number? Its
executives know around how much money they want to
raise, and how much of their ownership they are willing to
give up.
Based on the number 70 million, Evan Williams knows right
now that after the IPO his stake in Twitter will decrease
from 12 percent to 10 percent, but in his mind he thinks
this sacrifice is well worth it (because the share value will
increase)
7. The steps to go IPO (2)
Step 2: advertise to institutional investors
• via its underwriting banks, in particular Goldman Sachs, Twitter advertises that 70
million shares are on the table, and invites them to submit requests for how many
shares they would like to buy (the investors have no official word on how much
they will have to pay per share, but they can do their own analyses to come up
with rough estimates).
• The rumor is around 17$, then 20$, 25$ and up …
• This is the roadshow …
Who are these institutional investors?
• They are the “important” clients of the underwriting banks: the top pension funds,
mutual funds, hedge funds, high net worth individuals, and long standing clients.
Why do these investors get first dibs on an IPO? Retail investors often complain
this is not fair, but the (official) reason is stability: the argument goes that
institutional investors (who are accredited, sophisticated, more experienced, and
who have deeper pockets and capacity to take risk) create stability in the stock
price by being the first to receive them.
8. Steps to go IPO (3)
Step 3: Set a share price
• On November 6, 2013, 4:00pm: Twitter sets its
IPO price at $26.
• 26$ is the price people would be willing to pay
for twitter share
• Twitter knows that it will raise exactly $26 x 70
million = $1.8 billion in cash from this offering.
• this offering price values the company at $26 x
(475 million + 70 million) = $14.2 billion
9. Steps to go IPO (4)
Step 4: distribute shares among institutional investors
• On November 7, 2013, around 8:30am: The IPO
underwriters look at all the requests from (4) and decide
how to allocate shares to the institutional investors. This is
not as simple as giving each institutional investor what they
requested if their conditions were met. First, the total
number of shares requested by all institutional investors is
likely much, much more than 70 million (and most
institutional investors know that demand for shares greatly
exceeds their supply, so they will tend to request a much
higher number of shares than they actually want). Second,
this is the only chance the offering company and the
underwriters have to control what kind of shareholders
have a stake in the company
10. Steps to go IPO (5)
Step 5: Day #1 trading
• On November 7, 2013, at market open (9:30am): Orders start coming to the NYSE from all over the
world, from both retail investors and institutional investors (both the ones who were lucky enough
to be part of the initial offering and the ones who were not). Each order is either a bid (“I want to
buy TWTR”) or an offer (“I want to sell TWTR”), with the latter presumably only coming from those
institutional investors who already have the stock to sell. Each order includes both a price and a
size: for example, “I am willing to pay $45 per share for 100 shares of TWTR” or simply “45 x 100″.
• On November 7, 2013, after market open: The Designated Market Maker (DMM) for Twitter (which
is the bank Barclays) at the NYSE starts collecting all of the orders that are coming in. Taking a quick
first look at the numbers they are seeing, Barclays reports that the prevailing price seems to be in
the $40 to $45 range. This number is reported by the news media.
• On November 7, 2013, after market open: The DMM (Barclays) works on setting the opening price.
The opening price is chosen so that supply and demand are balanced as well as possible. In other
words, the opening price is the price that maximizes the number of trades that can be executed,
based on all of the orders submitted thus far. This process is called price discovery, and is handled
by humans at the NYSE (unlike Nasdaq, which handles price discovery electronically). Once the
opening price is decided upon (for Twitter, $45.10), the DMM “freezes the book”, or blocks any new
orders from coming in. Next, the DMM enters all of the accepted orders into the system, matching
buyers and sellers based on the prices and sizes they submitted. The process of price discovery
usually takes around fifteen minutes for the NYSE, but since Twitter is such a high profile stock with
a great deal of anticipation and demand, the process takes over an hour.
• On November 7, 2013, at 10:50am: Twitter begins trading at $45.10
11. Steps to go IPO (6)
Step 6: IPO Day closing
• On November 7, 2013, at market close (4:00pm):
Twitter closes at $44.90.
• The company is valued $44.90 x (475 million + 70
million) = $24.47 billion
• It has raised 70Mx26$ = $1.8B in cash to invest
• Note: the key underwriters (stablelizers) have
sold an additional 10M shares, known as the
greenshoe that they will either buy back to the
market if the stock drops or buy back to twitter.
http://blogs.wsj.com/moneybeat/2013/10/25/for-twitter-ipo-obsessives-a-qa-on-the-greenshoe/
Source: http://www.forbes.com/sites/quora/2013/11/08/how-does-ipo-pricing-work/
15. IPO - wikipedia
•
•
An initial public offering (IPO) or stock market launch is a type of public offering where shares
of stock in a company are sold to the general public, on a securities exchange, for the first time.
Through this process, a private company transforms into a public company. Initial public offerings
are used by companies to raise expansion capital, to possibly monetize the investments of early
private investors, and to become publicly traded enterprises. A company selling shares is never
required to repay the capital to its public investors. After the IPO, when shares trade freely in the
open market, money passes between public investors. Although an IPO offers many advantages,
there are also significant disadvantages. Chief among these are the costs associated with the
process, and the requirement to disclose certain information that could prove helpful to
competitors, or create difficulties with vendors. Details of the proposed offering are disclosed to
potential purchasers in the form of a lengthy document known as a prospectus. Most companies
undertaking an IPO do so with the assistance of an investment banking firm acting in the capacity of
anunderwriter. Underwriters provide several services, including help with correctly assessing the
value of shares (share price), and establishing a public market for shares (initial sale). Alternative
methods such as the dutch auction have also been explored. In terms of size and public
participation, the most notable example of this method is the Google IPO.[1] China has recently
emerged as a major IPO market, with several of the largest IPOs taking place in that country.
Prior to 2009, the United States was the leading issuer of IPOs in terms of total value. Since that
time, however, China (Shanghai, Shenzhen and Hong Kong) has been the leading issuer, raising $73
billion (almost double the amount of money raised on the New York Stock
Exchange and NASDAQ combined) up to the end of November 2011. The Hong Kong Stock
Exchange raised 30.9 billion in 2011 as the top course for the third year in a row, while New York
raised 30.7 billion.[29]
16. Largest IPO
• Agricultural Bank of China US$22.1 billion
(2010)[23]
• Industrial and Commercial Bank of China US$21.9
billion (2006)[24]
• American International Assurance US$20.5 billion
(2010)[25]
• Visa Inc. US$19.7 billion (2008)[26]
• General Motors US$18.15 billion (2010)[27]
• Facebook, Inc. US$16 billion (2012)[28]
18. Comparing with other IPO stock
Facebook Inc., the world’s largest social network, first day
of trading on May 18, 2012
•
Pricing: $38 per share
•
First-day close: $38.23, up less than 1 percent from
IPO price
•
A week after the IPO: $31.91, down 16 percent from
IPO price
•
Current 52-week range: $18.87 to $54.83
•
Friday: $47.64, up 25.4 percent from IPO price
•
•
Current 52-week range: $2.60 to $12.76
Friday: $10.20, down 49 percent from IPO price.
LinkedIn Corp., online professional network, first day of
trading on May 19, 2011
•
Pricing: $45 per share
•
First-day close: $94.25, more than double IPO price
•
A week after the IPO: $86.37, up 91.9 percent from
IPO price
•
Current 52-week range: $94.75 to $257.56
Zynga Inc., developer of online games, first day of trading •
Friday: $214.99, more than four times the IPO price.
on Dec. 16, 2011
•
Pricing: $10 per share
Yelp Inc., online reviews site, first trading day on March 2,
•
First-day close: $9.50, down 5 percent from IPO price
2012
•
A week after the IPO: $9.39, down 6.1 percent
•
Pricing: $15 per share
•
Current 52-week range: $2.09 to $4.05
•
First-day close: $24.58, up 64 percent from IPO price
•
Friday: $3.51, down 64.9 percent from IPO price.
•
A week after the IPO: $19.80, up 32 percent
•
Current 52-week range: $16.32 to $75.37
Groupon Inc., online deals company, first day of trading on •
Friday: $63.62, more than four times the IPO price.
Nov. 4, 2012
•
Pricing: $20 per share
•
First-day close: $26.11, up 31 percent from IPO price
•
A week after the IPO: $24.25, up 21.2 percent
19. Largest IPO (1)
The Agricultural Bank of China (ABC)
• The massive IPOs for two of China's biggest banks -- the Bank of China and the
Industrial and Commercial Bank of China -- proved that the growth of the Chinese
economy was no fluke. But who would've thought that yet another bank offering
would trump both?
• The Agricultural Bank of China (ABC) started off humbly, founded by Mao Zedong
as a resource for rural farmers, but it hit the big time on July 6, 2010, raising $19.2
billion in a single day to become the biggest initial public offering in history. By the
end of the day's trading, the once-humble bank was worth about $128 billion –
more than Citigroup and Goldman Sachs [source: Wines].
• ABC was the last of China's four largest banks (the last being the China
Construction Bank) to go public. Although the initial stock offering took a bit of a
hit due to concerns about the durability of China's economy and a slew of Chinese
bank bailouts, ABC's triumph continued China's hot streak in the IPO world.
According to The New York Times, more than one-third of the new IPOs came from
Chinese companies -- a significant increase from the quarter that that came from
the country the previous year. What does this mean for China? It's still too early to
tell, but it's worth noting that both Morgan Stanley and Goldman Sachs have bet
big on the Chinese bank
20. Largest IPO (2)
AT&T Wireless, the mobile division of American telecommunications
monolith AT&T
just barely squeaked in its IPO before the dot-com bubble burst. The stock
market began to slide in mid-March 2000, and AT&T Wireless released its
initial public offering on April 26. Other tech companies withdrew their
IPOs, but AT&T gambled and went ahead with its offering. It paid off.
• The wireless division's affiliation with its well-known parent certainly
didn't hurt its prospects. When trading began on the NYSE, AT&T Wireless
released 360 million shares. Investors fell in step with underwriters'
valuation of the stock, with shares opening at $30.12 and closing at
$31.75; its pre-offer value was $29.50 [source: Portnoy and Jastrow].
• By the time the bell rung to close the day on the exchange, AT&T Wireless
had raked in $10.62 billion in new capital [source:BusinessWeek]. It set the
record for the largest IPO in American history, a title the company would
hold for six years.
21. Largest IPO (2)
The Bank of China (BOC)
was a state-owned bank until it was spun off into a publicly traded
private lender during its IPO on May 23, 2006. The one-day total for
purchases for shares ahead of the listing on the Hong Kong
exchange the following week -- attracting everyone from the bank's
everyday account holders to European banks like Royal Bank of
Scotland -- topped $9.7 billion [source: Lague]. When the final
tallies were in, the BOC raked in a whopping $11.1 billion during its
IPO [source: BusinessWeek].
• The bank issued 25.57 billion shares, comprising just 10.5 percent
of the BOC, at the equivalent of about 38 cents apiece
[source: Lague]. The shares sold rapidly, despite reports of 75 cases
of fraud and corruption among the bank's leaders the year before.
All told, Bank of China's IPO was the biggest offering in six years.
22. Largest IPO (2)
• NTT Mobile Communications
• a giant in Japanese wireless phones, went public on the Nikkei 225
average on Oct. 12, 1998, the Asian market was dull. The offering
of stock in the company managed to bring the market back to life,
however. Ten days after NTT Mobile's IPO, the Nikkei average had added
1,300 points to its 14,295 total in just a five-day span [source: WSJ]. While
other Asian markets were embattled, the IPO kept the Nikkei chugging
along.
• The initial pre-offering value for shares in the company was 3.9
million yen; by the end of the day, they had risen to a close of 4.65 million
yen. By the time the bell had rung to end the day on the Nikkei, NTT
Mobile had amassed $18.4 billion in capital -- in one day. It was the largest
IPO in world history [source: NYSE].
• Not a bad stock to purchase considering just over a decade earlier NTT
Mobile's parent company, Nippon Telegraph and Telephone, had managed
to raise more than $13 billion during its own IPO in 1986.
29. How to buy twitter stocks?
• En France, passer par un courtier (ex: Boursorama, ING,
Saxo Banque, Bourse Direct, Binck Bank, Fortuneo,
BforBank…). Ouvrir un compte et frais de 5 euros ou
plus par transactions
– http://www.francetransactions.com/boursesicav/comparateur-frais-courtage.html
• Pour twitter, seuls les gros courtiers obtiendront des
stocks day#1 (> 1-2 Millions orders)
• Taxation: sociales (CSG, CRDS, etc, 15%) + impots sur
les revenues suivant tranches: au total min 21%, max
60-70% …