Valuation Financial News

₹2900 crore from ₹2094 crore in the fiscal before. The revenue of the company grew by 35.5% to ₹6875 crore in FY23 from ₹4694 crore during the fiscal year 2022. A day after the financial results came out, Zerodha founder and CEO Nithin Kamath shared a long post on X on how Zerodha's valuation is higher than calculated.

A Series B funding round has raised $31 million for Farther, as backers including Lightspeed Venture Partners joined existing investors to more than double its valuation to $131 million.

Joel E. Cohen, a mathematician and biologist representing Celsius Network’s valuation advisor Stout Risius Ross, LLC, confirmed the accuracy of the fair value of certain of the debtors’ assets and liabilities as of May 31, 2023.

OpenAI is reportedly in talks to sell existing shares in a deal that could catapult its valuation to a staggering $80 to $90 billion, according to unnamed sources cited by both Reuters and the Wall Street Journal. This massive valuation increase comes amidst an AI investment boom, positioning OpenAI as one of the world's most valuable privately-held companies. The surge in valuation would be nearly triple compared to what the firm was worth after a share sale earlier in 2023, according to the Wall Street Journal.

OpenAI is talking to investors about a possible share sale that would value the artificial-intelligence startup behind ChatGPT at between $80 billion to $90 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The deal is expected to allow employees to sell their existing shares as opposed to the company issuing new ones to raise additional capital, according to the report.

WPL) has made a strong debut off the field with a valuation of $150 million in its inaugural season, even as the Indian Premier League’s (IPL’s) valuation continues to soar, according to the latest report by D&P Advisory. Titled 'Beyond 22 Yards: An IPL and WPL Valuation Report', the report noted that WPL valuation is driven by media and title rights, signed by the BCCI. It added Viacom18's $23.4 million per season deal for WPL's media rights is the second most valuable broadcast contract globally for women's sports leagues after the Women's National Basketball Association (WNBA), which stands at $25 million per season. The five-year deal between the BCCI and Viacom18 stands at $117 million until 2027.

Mahindra and Mahindra Ltd crossed Rs 2 lakh crore mark, helped by a strong order book in the SUV segment and leadership position in tractor segment. M&M shares closed at Rs 1,636.85 on the BSE, giving the firm a market value of Rs 2.03 lakh crore, according to stock exchange data. The automaker's market cap has doubled in less than one-and-a-half years — from Rs 1 lakh crore in April 2022 to over Rs 2 lakh crore this week.

Instacart was set to be valued at about $13 billion in its Nasdaq debut on Tuesday, as the grocery delivery app's stock was indicated to open 30% higher from its initial public offering price. The San Francisco-based company's IPO was priced at the top end of its $28 to $30 price range, raising a total of $660 million in proceeds, out of which $237 million will go to investors who sold their shares in the offering. The IPO gave Instacart a valuation of nearly $9.9 billion, a fraction of the $39 billion it was worth in 2021, the company's last funding round. Instacart's strong debut, along with that of chip designer Arm and RayzeBio last week, could encourage other startups to test the waters and potentially revive the IPO market after a near 18-month dry spell. Instacart is debuting almost three years after kicking off preparations for going public and several startups have had to take a cut to their valuations since 2022 as inflation, geopolitical tensions and the Federal Reserve's rapid rate hikes soured the economic climate. The company's long slog to Nasdaq featured some key moments. In 2021, its co-founder Apoorva Mehta stepped down after seven years at the helm and named Fidji Simo, the former head of Meta's Facebook app, its CEO. Its core business also turned profitable in 2022, and the trend has continued in the first six months of 2023, the company disclosed in its regulatory filing last month. Goldman Sachs and J.P.

Tata Group's Tata Capital Ltd is restructuring its operations and expanding its board as part of the Group's plan to take the non-bank lender public, according to the report. “The Tata group is targeting an IPO for Tata Capital in 2025. The board has been expanded, and mergers of some of the group firms under Tata Capital have been done as a part of the IPO plan," Mint reported citing sources. The group is reportedly eyeing a similar listing to that of Mukesh Ambani's Jio Financial Services Ltd last month. “Currently, it is a work in progress, with the IPO process to begin in March 2024 with the appointment of investment bankers," company sources quoted in the report said. As per the RBI guidelines, an ‘upper-layer’ NBFC must list within three years of being notified.

Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500M from primary investor accounts led by T.Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia.

Neumora Therapeutics, which is backed by Amgen and Japan's SoftBank, fell in their market debut on Friday, giving the company a market capitalisation of $2.51 billion. The Watertown, Massachusetts-based company's shares debuted at $16.50 per share on Nasdaq, below the offer price of $17 apiece.

Neumora Therapeutics, which is backed by Amgen and Japan's SoftBank, fell in their market debut on Friday, giving the company a market capitalization of $2.51 billion. The Watertown, Massachusetts-based company's shares debuted at $16.50 per share on Nasdaq, below the offer price of $17 apiece. The ongoing surge in listings points to a nascent recovery in the U.S. IPO market amid growing expectations of a pause in interest rate hikes by the Federal Reserve. Neumora, which is developing drugs for brain diseases, raised $250 million by selling 14.7 million shares priced at the mid-point of its previously disclosed range.

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Walt Disney Co. (NYSE:DIS) has engaged in initial discussions regarding the potential sale of its ABC network and TV stations to Nexstar Media Group Inc. (NASDAQ:NXST), according to Bloomberg News.

Databricks, a data analytics platform using artificial intelligence (AI), said on Thursday it secured more than $500 million in a funding round that valued the company at $43 billion, marking one of the biggest funding events for private tech companies this year amid AI-fueled optimism. The new round, led by T. Rowe Price, could mark the last round of private funding as the data company gears up for the public market. Chipmaker Nvidia, another beneficiary of the AI boom, and credit card firm Capital One Financial, also participated in the latest funding round.

Nasdaq debut on Thursday, as shares of the chip designer were set to blow past their offer price. Its stock was indicated to open at $60 per American Depositary Share versus the initial public offering (IPO) price of $51. The company had secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of its marketed range. Arm was taken private seven years ago for $32 billion by SoftBank, which has been looking to cash out some of its stake since at least 2020, when it signed a $40 billion deal with chipmaker Nvidia for Arm. The plans, however, were abandoned less than two years later due to regulatory roadblocks. Since then it has pivoted towards an IPO, though that also came with its own hurdles, including run-ins with the British government that was campaigning for a London listing for the chip designer. Arm's return as a public company represents a climb-down from the $64 billion it was valued at last month when the Japanese investment giant acquired the 25% stake it did not directly own from its Vision Fund unit. The IPO fetched $4.87 billion for SoftBank, which still holds a 90.6% stake in Arm, according to a regulatory filing.

Cipla Ltd. is in jeopardy as potential buyers have balked at the 1.09 trillion rupee ($13.1 billion) valuation members of the founding family are targeting for the Indian firm in a deal, according to people familiar with the matter. Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward, as the founders are demanding about 1,350 rupees per share, the people said. The price represents a premium of about 10% over Wednesday’s close, according to Bloomberg calculations.

chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. Arm, whose semiconductor design is integrated into the vast majority of smartphones worldwide, has priced its shares at $51, the firm announced Wednesday, ahead of the largest IPO New York has seen for almost two years. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will list on the tech-rich Nasdaq stock exchange under the «ARM» ticker. At $51 per share, Arm's IPO valuation is at the top end of its target range, underscoring the enthusiasm among investors amid an explosion of interest in artificial intelligence. Traders are looking at Arm's IPO as a barometer for other tech IPOs, which have stalled in recent years as the Covid-19 pandemic, the war in Ukraine and higher interest rates lowered the appetite for riskier investments. If Arm's IPO does well, other companies may consider going public to raise funds, fueling fresh deal-making in the months ahead. A number of tech giants including Apple, Google and Nvidia said recently they would be interested in purchasing Arm shares at the share price it has listed. The listing of around 10 percent of the company is expected to raise roughly $5 billion for its owner, SoftBank. SoftBank, which has had mixed success with its investments in recent years, will retain ownership over the remaining 90 percent or so of the company's shares. Among its most high-profile recent failures was the dramatic collapse of the coworking company WeWork amid concerns over corporate governance. Once valued at $47 billion, WeWork is now

Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the top end of the price range in its initial public offering, which would command a $54.5 billion valuation on a fully diluted basis, a person familiar with the matter said on Tuesday. Reuters had reported on Sunday that this outcome was likely. After reviewing investor commitments on Tuesday, Arm decided it will only accept the top end of its indicated $47-to-$51-per-share range, or a price that is even higher, the source said. Arm may price its IPO above the indicated price range and will decide on how much it will sell its shares for on Wednesday, that source and a second person with knowledge of the matter said.

Arm may price its IPO above the indicated price range and will decide on how much it will sell its shares for on Wednesday, that source and a second person with knowledge of the matter said. The shares are scheduled to start trading in New York on Thursday. Arm was considering publishing a revised price range that would have been higher, reflecting the strong investor demand.

Mining baron Anil Agarwal on Tuesday said the Konkola Copper Mines, which returned to his London-based firm Vedanta Resources last week, can be moved to the group's India-listed firm Vedanta Ltd «at the right valuation». Last week, Zambia agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, which is the parent firm of Mumbai-listed Vedanta Ltd. The Zambian government, which owns a 20 per cent stake in KCM, will allow Vedanta to resume control and operate KCM's mines and smelter after the company renewed a pledge to invest more than USD 1.2 billion to increase output and repay outstanding debts. «Going forward, my thought is that we must maximize synergies between KCM and Vedanta Ltd's refining/smelter businesses in UAE & India,» Agarwal said in a post on X.