One of the most profound changes in the investment landscape over the past 15 years has been the loss of a once-vibrant IPO market.But knowing how it will end is different than knowing when it will end, and no one knows the answer to that.In the meantime — before it ends — fortunes and careers will be made.
Morgan Stanley isn't crazy about Tinder, the dating app that allows users to approve or reject potential mates by swiping left or right. And a big reason why is that the app's user base is young people, and young people don't like paying for dating apps.
Benchmark Capital partner Bill Gurley is sounding the alarm about startup investments again.In a blog post,Gurley said that of the 80 privately held tech companies currently worth $1 billion or more, very few should consider going public right now."Lost in this conversation are the dramatic differences between a high priced private round and an IPO," he says.
Morgan Stanley isn't pulling any shots with their investor notes on the release of the Apple Watch in 2015. The industry view is cautious, they say, cautious just like they were before the launch of the iPhone in 2007. Cautious, they say, just like the industry was before the launch of the iPad in 2010.
Sridhar Natarajan and Zijing Wu, citing two people familiar with the deal, Alibaba is planning to raise up to $8 billion in the offering.Ratings agencies Fitch and S&P both assigned 'A+' ratings to Alibaba's corporate credit rating. S&P cited the company's "dominant market position in e-commerce in China and the company's minimal financial leverage.
With Apple Pay slated to launch this month, all eyes are on Apple to see if it can shake the curse of NFC payment systems and break through to mass adoption. We won't know if it succeeds for a while, but Morgan Stanley's Craig Hettenbach certainly seems upbeat about the possibility.
For more, see The Oatmeal'sHere are the main ideas in President Obama's proposal: 1) no blocking as long as the site is legal; 2) no throttling, or intentionally slowing down or speeding up specific content; 3) increasedo paid prioritization (Netflix or Hulu can't receive either faster or slower service based on whether the company pays a fee to the ISP).
Subscription billings platform Zuora announced that it has nabbed another huge round of funding at $115 million on Wednesday, bringing its total capital raised to $250 million.Zuora CEO Tien Tzuo didn’t comment on the company’s valuation or its financial figures.
Uber has long proclaimed to be “everyone’s private driver.” Soon, those drivers will be able to play your own tunes while you ride.On Monday, Uber, the San Francisco-based ride-hailing service, plans to announce a new partnership with Spotify, the online music service, according to two people familiar with the companies’ plans.
The retirement accounts of millions of Americans have long contained shares of stalwart companies like General Electric, Ford and Coca-Cola. Today, they are likely to include riskier private stocks from Silicon Valley start-ups like Uber, Airbnb and Pinterest, David Gelles and Conor Dougherty report.Big money managers including Fidelity Investments, T.
Lending Club, the online marketplace for loans, has raised its IPO price range to $12 to $14 a share from $10 to $12.At the top range of that, Lending Club will raise up to $929 million when it goes public tomorrow, which makes it the largest IPO for a US tech company this year. On a fully diluted basis, Lending Club will be worth more than $6.5 billion.
Fitbit, the company that makes wearable fitness trackers, plans to IPO in 2015, Serena Saitto and Leslie Picker of Bloomberg report . The company will reportedly have Morgan Stanley lead the offering, which could raise about $150 million, according to Bloomberg's sources. Since it was founded in 2007, Fitbit has raised $66 million total , most recently through a $43 Series D round in August 2013.
o, why the car industry? Because the automobile industry is massive.This chart, made for us by BI Intelligence based on data from Morgan Stanley , shows that the car market is roughly the size of the smartphone market in terms of sales.
The analysts got this figure by looking at the total number of people who will own an iPhone 5 or later by the time the Watch launches next March, which is estimated to be 315 million, then estimating that 10% of those people will buy a Watch.
Morgan Stanley just came out with an incredibly bullish video illustrating their views on Tesla's explosive potential. Adam Jonas, who leads the auto research team at Morgan Stanley, offers his view of why Tesla "may be the world's most important car company:"This is a hyper-ambitious company, and the only one we cover whose stock price can realistically multiply by ten.
Google has never shied away from novelty or big spending to find ways to connect more people to the Internet. Over the last two years, its ideas have included fleets of little satellites, solar-powered drones that would fly around the world and balloons that float high into the stratosphere, beaming the Internet to those below, Conor Dougherty reports.
Update: The stock recovered a bit right before close but still finished down almost 3%. Original story below: Stocks are down to start the week , but quietly, shares of Apple are getting crushed, too. Apple shares are down more than 3% against the market's roughly 1.8% decline.