7.3%
7%
Source: The Alberta Investment Management Corp.
“When the pandemic hit, they were in the process of scaling up the online part of the business and the pandemic was an opportunity to accelerate it. They saw their online business explode. Now they’re online and offline is slowly coming back. They’re able to overcome difficult situations and bring value to customers.”
And Ehrmann says that while China will likely have the best year out of the emerging markets, there’s considerable potential in countries like Brazil and India. “Given that they fell sharply and their economies were curtailed and continue to be damaged by the pandemic, it’s hard to predict exactly when things will turn. But there’s been a move toward normalcy. I expect as the year progresses, some of these larger and strongly performing economies will catch the eye [of institutional investors].”
Pattern Energy, Talen create JV to develop 1 4GW of solar and wind
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(Reuters) -Compass Inc, the U.S. real estate technology firm backed by SoftBank Group, said on Wednesday it sold shares in its initial public offering at $18 each, at the lower end of its downsized target range to raise $450 million.
Compass had previously set a price range of $18-$19 per share, downsized from its prior target at $23 to $26. At $18, a fully diluted valuation, which includes securities such as options and restricted stock, would be $9 billion, compared to $6.4 billion in its most recent private funding round in 2019.
The IPO is a sign of investor fatigue for new stocks, with companies already raising over $36 billion through U.S. IPOs this quarter, up more than 360% year on year, according to Refinitiv.
SoftBank-backed realty tech firm Compass raises $450m in downsized IPO
April 1, 2021
Compass Inc, the U.S. real estate technology firm backed by SoftBank Group, said on Wednesday it sold shares in its initial public offering at $18 each, at the lower end of its downsized target range to raise $450 million.
Compass had previously set a price range of $18-$19 per share, downsized from its prior target at $23 to $26. At $18, a fully diluted valuation, which includes securities such as options and restricted stock, would be $9 billion, compared to $6.4 billion in its most recent private funding round in 2019.
The IPO is a sign of investor fatigue for new stocks, with companies already raising over $36 billion through U.S. IPOs this quarter, up more than 360% year on year, according to Refinitiv.
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