Andrew Lauterborn
voted
Brazilian fintech giant Nubank is going public on December 9 under ticker "NU" $Nu Holdings (NU.US)$ . Shares should be priced between $8 and $9, depending on demand. The fintech is currently the largest digital bank in the world by number of member accounts.
The company backed by billionaire Warren Buffett's $Berkshire Hathaway-A (BRK.A.US)$ offers digital accounts and international credit cards without fees and currently has 48 million members.
According to a ranking by CBInsights, Nubank is the 7th most valuable unicorn worldwide, behind fintechs Stripe, Klarna and Revolut.
Didn't see many people are talking about it. Does any mooers aware that the company is going public right away? Or does the company need to put more effort into its marketing campaign?
View More:
IPO-pedia | Buffett-Backed Fintech Nubank Files for U.S. IPO
Source:
Nubank IPO: Warren Buffet’s Fintech Play Is Going Public
The company backed by billionaire Warren Buffett's $Berkshire Hathaway-A (BRK.A.US)$ offers digital accounts and international credit cards without fees and currently has 48 million members.
According to a ranking by CBInsights, Nubank is the 7th most valuable unicorn worldwide, behind fintechs Stripe, Klarna and Revolut.
Didn't see many people are talking about it. Does any mooers aware that the company is going public right away? Or does the company need to put more effort into its marketing campaign?
View More:
IPO-pedia | Buffett-Backed Fintech Nubank Files for U.S. IPO
Source:
Nubank IPO: Warren Buffet’s Fintech Play Is Going Public
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Andrew Lauterborn
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Applications for U.S. state unemployment benefits declined last week to the lowest level since 1969, illustrating difficulties adjusting the raw data for seasonal effects.
Initial unemployment claims totaled 184,000 in the week ended Dec. 4, down 43,000 from the prior period, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 220,000 applications.
Initial unemployment claims totaled 184,000 in the week ended Dec. 4, down 43,000 from the prior period, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 220,000 applications.
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Andrew Lauterborn
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$Rivian Automotive (RIVN.US)$ $TENCENT (00700.HK)$ $BYD COMPANY (01211.HK)$ In terms of IPOs, U.S. electric truck maker Rivian Automotive Inc. topped the list with $13.7 billion. But seven of the top 10 IPOs were from Asian companies, according to data compiled by Bloomberg. Asian companies accounted for half of the world's top 10 IPOs last year. In a benign global environment for IPO products, Asia again dominated the biggest deals!
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Andrew Lauterborn
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Andrew Lauterborn
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$GameStop (GME.US)$
Revenue for the quarter: $1.297B vs $1.19B expected
EPS: $(1.39) vs. $(0.22) expected
THIRD QUARTER OVERVIEW
Net sales were $1.297 billion for the quarter, compared to $1.005 billion in the prior year’s third quarter.
Sales attributable to new and expanded brand relationships, such as Samsung, LG, Razer, Vizio and others, contributed to the Company's growth in the quarter.
Inventory was $1.141 billion at the close of the quarter, compared to $861 million at the close of the prior year’s third quarter, reflecting the Company’s focus on front-loading investments in inventory to meet increased customer demand and mitigate supply chain issues.
Ended the period with cash and cash equivalents of $1.413 billion as well as no debt other than a $46.2 million low-interest, unsecured term loan associated with the French government’s response to COVID-19.
Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets.
Secured a new $500 million ABL facility, which closed in November just after the end of the third quarter, with improved liquidity and terms, including reduced borrowing costs, lighter covenants and additional flexibility.
Revenue for the quarter: $1.297B vs $1.19B expected
EPS: $(1.39) vs. $(0.22) expected
THIRD QUARTER OVERVIEW
Net sales were $1.297 billion for the quarter, compared to $1.005 billion in the prior year’s third quarter.
Sales attributable to new and expanded brand relationships, such as Samsung, LG, Razer, Vizio and others, contributed to the Company's growth in the quarter.
Inventory was $1.141 billion at the close of the quarter, compared to $861 million at the close of the prior year’s third quarter, reflecting the Company’s focus on front-loading investments in inventory to meet increased customer demand and mitigate supply chain issues.
Ended the period with cash and cash equivalents of $1.413 billion as well as no debt other than a $46.2 million low-interest, unsecured term loan associated with the French government’s response to COVID-19.
Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets.
Secured a new $500 million ABL facility, which closed in November just after the end of the third quarter, with improved liquidity and terms, including reduced borrowing costs, lighter covenants and additional flexibility.
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Andrew Lauterborn
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Use scalping strategy for short term trading. Scalper sets buy and sell targets and sticks to these predetermined levels. This is for confident traders who can make quick decisions and act on them without dwelling. Adherents to the scalping strategy need to have enough discipline to sell immediately if one witness a price decline, thus minimizing losses.
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