Posts Tagged ‘ Morgan Stanley ’
Friday, December 2, 2016
A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining another investor Morgan Stanley in cutting India’s largest e-commerce marketplace’s valuation to historically low figures. The fresh markdown by Vanguard values Fli...
In what is proving to be a year of top-level exits and big markdowns, Flipkart Internet Pvt Ltd has lost another top executive—its former chief technology officer this time, after resignations of the chief financial officer and chief product officer, early this year. A Flipkart spokesperson confir...
30 November, 2016 |
A mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India’s largest e-commerce marketplace’s valuation at $5.57 billion, nearly a third of its peak valuation of $15.2 billion last year. The fund has slashed the value of its Flipkart shares...
29 November, 2016 |
Photo messaging service Snapchat confidentially filed for an initial public offering with the Securities and Exchange Commission (SEC), sometime before Donald J Trump was declared President-elect of the United States, according to a Reuters report filed a few hours ago, citing unnamed sources. While...
16 November, 2016 |
Zomato Media Pvt. Ltd will launch two new initiatives – Zomato Red and Zomato Infrastructure Services – to increase revenue and profitability, Mint newspaper reported on Monday. The new initiatives will be rolled out between February and June 2017. In an interview with the daily, Deepinder Goyal...
14 November, 2016 |
India’s largest online marketplace Flipkart’s valuation woes seem to be far from over as two American mutual funds, Fidelity Rutland Square Trust II and Valic Co. have marked down the value of their investment in the company for the second time this year. According to filings with the US Securit...
8 November, 2016 |
Gurgaon-based restaurant listing and food delivery firm Zomato Media Pvt. Ltd has hired investment bank Morgan Stanley for its next fundraise, according to a spokesperson of the company. Further details were not revealed. In its last funding round in September 2015, the company had raised $60 mill...
7 November, 2016 |
US-based instant messaging app Snapchat is reportedly planning to raise as much as $4 billion in its initial share sale. According to a report in Bloomberg, the initial public offering (IPO) could value Snapchat, owned by Snap Inc., as high as $40 billion. The report added that, according to peopl...
27 October, 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...
13 October, 2016 |
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 |