Posts Tagged ‘ Morgan Stanley ’
Thursday, October 13, 2016
Photo messaging service Snapchat is all set to hit the markets. With its initial public offering slated for March, Snap Inc, Snapchat’s parent, has shortlisted banks to lead and manage the exercise. Morgan Stanley and Goldman Sachs Group will lead the offering, a report by news agency Bloomberg ci...
After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with...
28 July, 2016 |
Has the moment of reckoning arrived for Indian internet companies? As India’s e-commerce poster boy Flipkart suffered its fifth markdown this week, this was the question that was on everyone’s lips. Around $5.8 billion has been shaved off its mid-2015 value of $15.2 billion when it last ...
28 May, 2016 |
Indian e-commerce firm Flipkart has suffered its fifth markdown after a mutual fund managed by global financial services firm Morgan Stanley slashed the value of its stake in the company by 15.5%. The Morgan Stanley Institutional Fund Trust estimates each Flipkart share is worth $87.86 at the end of...
27 May, 2016 |
A growing number of Flipkart investors are realising that India’s top e-commerce firm is overvalued, though there is no unanimity by how much. American mutual funds Fidelity Rutland Square Trust II and Valic Co. have joined US asset management firm T. Rowe Price and Morgan Stanley in reducing the ...
4 May, 2016 |
American asset management firm T. Rowe Price has marked down the value of its investment in India’s top e-commerce firm Flipkart, becoming the second such investor after Morgan Stanley to do so. In its quarterly report for the period ended March 31, 2016, a public market fund managed by T. Row...
18 April, 2016 |
In July, India’s largest online marketplace Flipkart.com raised $1 billion in an iconic funding led by Tiger Global and Naspers. Morgan Stanley Investment Management Inc. participated in this round along with Singapore sovereign fund GIC, Accel Partners, DST Global, ICONIQ Capital and Sofina. ...
18 November, 2014 |
Morgan Stanley lowered its industry view on internet stocks to “in-line” from “attractive,” saying growth in the sector needs to accelerate to justify current valuations. Shares of Facebook Inc and LinkedIn Corp have more than doubled in the last one year, and trade 44 and 97...
12 November, 2013 |
India’s largest consumer e-commerce player Flipkart.com has raised an additional $160 million (Rs 990 crore) in the fifth round of funding started in July this year, from new investors including Belgium-based Sofina, US-based Morgan Stanley Investment Management, Dragoneer Investment Group and V...
9 October, 2013 |
After the successful first edition, the 2nd edition of VCCircle’s Hyderabad Investment Forum will capture and identify the emerging sectors and the entrepreneurs who will redefine and lead the industrial scenario of Andhra Pradesh in the coming years. The event will be held at ISB Campus in Hydera...
28 September, 2012 |