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Business 5 years ago
Airbnb aims for $35 billion valuation in long-awaited IPO
Airbnb Inc said on Tuesday it is aiming for a valuation of up to US$34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the US home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.
Sports 6 years ago
LA soccer team gets record-setting $700 million-plus valuation
Owners of the Los Angeles Football Club have partially bought out a stake held by Malaysian businessman Vincent Tan in a deal that values the club at more than $700 million, the most ever for a Major League Soccer team, according to people familiar with the situation.
Business 6 years ago
Which company just hit $1 trillion? Google it.
As Google-parent Alphabet Inc became on Thursday the fourth US company to top a market value of more than US$1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.
Opinion 6 years ago
PREMIUM
High valuation vs profit: Chicken-egg issue for unicorns
The rapid rise and sudden collapse of a few tech companies has raised questions about the sanity of the stock market and investor valuation, which appeared to assign higher values to tech companies the more their losses mounted.
Science & Tech 6 years ago
Wake up and smell the money: Time for start-ups to stop playing the Burning Game
The recent WeWork case was a much-needed wake-up call. Adopting an aggressive burn rate to temporarily stretch gross merchandise value and market share is no longer a sound pitch to investors.
Business 6 years ago
PREMIUM
No more ‘burning money’: Calls grow for more rational tech valuation as VCs eye Indonesian start-ups
With gross merchandise value increasingly becoming the metric to value online retail businesses in their initial stages, venture capitalists and economists are now warning of the sustainability of such valuations.
Business 8 years ago
PGN to disburse $1.2b for Pertagas acquisition
Newly established state-owned gas subholding company PT Perusahaan Gas Negara (PGN), which acquired 51 percent shares in Pertagas, a subsidiary of state energy giant Pertamina, on Friday must disburse US$1.2 billion, according to a public auditor assigned to valuating the shares.
Business 8 years ago
Do not bow down to Freeport, Kadin tells government
The Indonesian Chamber of Commerce and Industry (Kadin) has advised the government not to bow down to the wishes of the United States’ Freeport McMoRan, the parent company of PT Freeport Indonesia, which had rejected the government’s proposal on its divestment scheme.
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